The CAAT Pension Plan has launched a new service for pension plan members that has the potential to provide retired college employees with the opportunity to earn more money in their retirement years. This new option from CAAT is known as the GROWTHplus Investment Account.
OCRA’s Report on the CAAT Pension Plan’s GROWTHplus Investment Option (PDF) outlines why the OCRA Board feels that this new investment option should be given serious consideration by all OCRA members. Whether you currently have an RRSP, RRIF, LIRA or other registered retirement account, they would be eligible for CAAT’s new GROWTHplus option. Any pension plan member who opts to engage in the GROWTHplus option could potentially earn the same returns as CAAT generates on our pension plan, which are 9.5% for 2023 and 9.3% average returns for the last ten years.
If you are interested in GROWTHplus, we urge you to read OCRA’s report as well as the GROWTHplus member handbook (PDF). More information about this option is also available at the CAAT Pension Plan’s website.