About the CAAT Pension Plan
The CAAT Pension Plan is independent, jointly governed and fully funded. Employers and members share equally in decisions about benefits and contributions through their representatives on two governing bodies. The Plan is highly respected for its pension and investment management expertise and operated for long-term sustainability.
Funded status grows to 120%
The CAAT Pension Plan stands 120% funded on a going-concern basis, with a funding reserve of $2.6 billion, based on its latest actuarial valuation as at January 1, 2019. This is an improvement over last year’s valuation that showed the Plan 118% funded with a funding reserve of $2.3 billion.
Effective joint governance
Through their representatives on the Plan’s governing bodies – the Sponsors’ Committee and the Board of Trustees – members and employers have an equal say in, and share the risks of, Plan decisions. This joint governance structure is recognized as a model for success in keeping defined benefit pension plans sustainable.