CAAT Plan’s merger proposal for university pension plans
Posted on Monday, March 24th, 2014
Over the past several months, the CAAT Pension Plan has been in discussions with interested universities with a goal of managing their participation into the Plan. This would enable university employees to contribute and build retirement income with the CAAT Plan and benefit from a stable, secure pension plan with a strong governance model and a comprehensive Funding Policy.
University and college employees have a similar demographic profile, and adding universities to the CAAT Plan allows members easier portability within the broader post-secondary sector.
Why merging university pension plans into the CAAT Plan is a good idea:
- It improves the timing and likelihood of contribution reductions and limits contribution increases
- It improves our ability to withstand more adverse economic conditions
- It improves the likelihood of paying conditional indexation
- It reduces contribution volatility
For more information on this potential merger, view the informative slide deck.
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