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Joining from no pension plan

If your workplace currently has no retirement savings arrangement for employees, joining DBplus is a simple way to offer your employees a valuable and secure defined benefit pension, for a fixed contribution rate.

The process to join is easy and can take as little as a few months. Following approval of the employer’s application, employees begin to build valuable lifetime pensions from the point contributions begin.

1. Contact us for information

CAAT answers your questions about the plan design and easy steps to joining. You only need to consider two options: when to start contributing, and how much you want to pay. If your organization is interested in proceeding to the next step, a non-disclosure agreement is signed and employee data is supplied to CAAT for preliminary analysis.

2. Document the details

Review and document the details in a Participation Agreement and New Employer Application, subject to due diligence activities. For CAAT, this includes a detailed demographic analysis and risk assessments. Alignment of key stakeholders is confirmed in a Participation Agreement that forms part of the employer’s application to join the Plan. The Participation Agreement is signed following approval by CAAT.

3. Confirm support for participation

CAAT can help inform employees, including holding information sessions and providing website tools and a helpline.

4. Onboarding and administration

Employees enrol, contributions begin, and information sessions are held with employees about their option to purchase additional pension for any periods of employment during which they were a member of a registered pension plan or contributed to a registered retirement savings account. We work with you to ensure a smooth transition.


See the process at a glance

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Interested in bringing DBplus to your workplace?