If you start employment with the same or another CAAT Plan participating employer again after the 24-month extension, and you have chosen a deferred pension, you are required rejoin the Plan immediately.

Note that if you previously received a refund of excess contributions, you must repay them, within six months of your rehire so that your ultimate pension calculation will include both periods of membership. If you don’t repay the excess contributions refund, you will receive two pension payments: the frozen deferred pension and the pension you earned when you rejoined the CAAT Plan.

If you have transferred the commuted value of your retirement benefit out of the Plan, you will have to re-purchase your past pension. Be aware that, depending on how much time has passed and how well your investments have performed since you transferred your commuted value out of the Plan, you may not have sufficient funds to cover the full cost of the purchase. In this case you can make a partial purchase or make a top-up payment using certain other funds you might have. Contact CAAT for more information on these past benefit purchase.