CAAT Pension Plan
Colleges of Applied Arts and Technology (CAAT) Pension Plan
250 Yonge Street
Suite 2900
PO Box 40
416-673-9000
1-866-350-2228
https://www.caatpension.ca/
The CAAT Pension Plan was established in 1967 and until 1995 was administered by OMERS (Ontario Municipal Employees Retirement System). In addition to the management of pensions for the CAATs (Colleges of Applied Arts and Technology), in recent years the Plan has grown in membership, and continues to increase membership from both inside and outside Ontario’s public sector.
The Retired Member Handbook (PDF) provides an overview of the CAAT Pension Plan.
Collecting Your CAAT Pension
The CAAT Pension Plan website provides information regarding collecting your pension including:
- The pension payment process
- Pension payment dates for the current year
- How income tax is handled
- How power of attorney applies to the pension
Annual CAAT Pension Statement
CAAT Pension recipients are mailed a personalized statement annually in the spring. This statement shows annual and monthly pension amounts for the recipient for the current and previous year. The statement also indicates the recipient’s spouse that is on record and the designated beneficiary. Finally, the statement provides the inflation protection increase for the current year.
The annual CAAT pension statement has an important requirement on the part of the recipient—the pension payment confirmation. Included with the statement is a form to complete. According to the CAAT Pension Plan, the Plan “has a duty to its beneficiaries to ensure that all pension payments are made correctly to eligible recipients under the terms of the Plan.”
The CAAT Pension Plan website provides further information about the annual pension statement including information on how to complete the pension plan confirmation process by mail, email, phone, and S-Doc (CAAT’s secure document delivery system).
CAAT Pension Plan News
The CAAT Pension Plan periodically publishes a Retired Member Newsletter that is mailed to recipients. To receive news via email, recipients can choose to sign up with NewsLink. For up-to-the-minute news, the CAAT Pension Plan website features news and announcements in its Newsroom. OCRA members familiar with LinkedIn may choose to follow Derek Dobson or the CAAT Pension Plan.
CAAT Pension Plan Forms
The CAAT Pension Plan website provides downloadable (PDF) forms for various pension plan requests or changes:
- Member change of information
- Pension estimate request
- Retired member or surviving spouse change request
- Direct deposit
- Spousal pension application
- Children’s pension application
- Survivor pension application ‐ residual refund
CAAT Pension Plan Governance
Derek Dobson is the CEO of the CAAT Pension Plan.
There are two governing bodies within the CAAT Pension Plan’s bi-cameral structure:
- Sponsors’ Committee
- Board of Trustees
The Sponsors’ Committee is comprised of four employer and four employee members, representing their respective groups:
- CEC – The College Employer Council – for the Boards of Governors of the Ontario Colleges
- OCASA – Ontario College Administrators Network
- OPSEU – Ontario Public Service Employees Union (2) – Academic and Support
The duties of the Sponsors’ Committee include approving CAAT Pension Plan amendments and proposed changes to benefits, and appointing trustees to the Board of Trustees.
The Board of Trustees is comprised of six employer and six employee representatives. The Board of Trustees is responsible for supervising day-to-day operations, and overseeing the management of the finances and investments, including investment strategies. The Board of Trustees recommends changes in benefits to the Sponsors’ Committee. There are five Board of Trustees committees – Audit, Finance and Administration, Governance, Investment, and Member Appeals. Each committee is split equally between employer and employee representatives.
Detailed biographies of the Plan governors are available on the CAAT Pension Plan website.
Key CAAT Pension Plan Documents
- Annual Report ‐ a report that summarizes the performance of the CAAT Pension Plan
- CAAT Pension Plan Text ‐ download the PDF “CAAT Pension Plan Text”, which is a detailed legal description of the provisions of the CAAT Pension Plan