No two pension plans are alike. Even defined benefit plans similar to CAAT can be vastly different in size, membership and employer demographics, and governance. Each plan sets their contribution rates and pension formulas that make sense for their plan design.

This is also true for calculating inflation protection. Not all pension plans offer inflation protection. For those that do offer it, their calculations are unique to their design and funding. Their calculations will result in annual rates that may be higher or lower than CAAT’s rate each year.

CAAT’s inflation protection methodology is set out in the Plan Text, and the annual granting of inflation protection is set out in the CAAT Funding Policy. CAAT’s governors – representing members and employers – are responsible for establishing the policies, provisions, and conditional benefits that support long-term sustainability of our pension plan, and benefit security of our members.