Brink’s Canada Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus offering.
Represented by Unifor, 582 full- and part-time workers from Ontario and 175 from British Columbia officially became part of the plan on a go-forward basis effective July 1, 2020.
“We are delighted to welcome Brink’s and its employees from Ontario and British Columbia,” said Derek Dobson, chief executive officer and plan manager of the CAAT pension plan, in a press release. “The popular DBplus, which delivers the promise of a lifetime pension for employees with cost certainty for employers, proved to be the right solution for Brink’s and Unifor.”
Notably, Brink’s part-time employees weren’t previously eligible for the company’s pension arrangement, but are now eligible to join DBplus along with their full-time colleagues.
DBplus opened to all types of Canadian workplaces in 2019 and since then more than 15,000 members across more than 30 employers have joined. In total, the CAAT pension plan currently has over 75 participating employers and more than 63,000 members.