A new retirement savings vehicle could benefit members of the Colleges of Applied Arts and Technology’s pension plan by streamlining investment choice and maximizing their personal retirement savings, says Jason Vary, president of Actuarial Solutions Inc. This month, the CAAT pension plan launched an optional savings account that allows plan members to transfer in their […]
The Colleges of Applied Arts and Technology’s pension plan is appointing Sonny Khindria (pictured right) as vice-president of member experience and Troy Whetstone (pictured left) as vice-president of employer experience. The two new positions will divide the responsibilities of Angela Goodchild, vice-president of service delivery, who is retiring effective June 1. The move will enhance experiences provided […]
The Colleges of Applied Arts and Technology pension plan is promoting Sabeen Purewall (pictured left) to vice-president of solutions and partnerships and Graham Stone (pictured right) to acting vice-president of pension solutions, effective Feb. 22, 2024. In their new roles, Purewall will oversee strategic partnerships to help organizations with talent attraction and retention tactics, while […]
The Canadian Public Pension Leadership Council is appointing Karen McKeown, director of board operations at the B.C. Pension Corp., as co-chair. McKeown will share responsibilities with Alison McKay, chief executive officer of the Saskatchewan Healthcare Employees Pension Plan, and succeeds Derek Dobson, CEO and plan manager at the Colleges of Applied Arts and Technology pension […]
While U.S. auto workers would like to see their pension plans converted from defined contribution to defined benefit, it may be more challenging than it was for their Canadian colleagues. The recent contract agreements for Unifor members at Ford of Canada and General Motors will see DC plan members move into the Colleges of Applied […]
The Colleges of Applied Arts and Technology pension plan is appointing Karen Lockridge as director of responsible investing. In the new role, she’ll be responsible for developing and refining the CAAT’s responsible investing strategy, including research, analysis and reporting on the pension plan’s environmental, social and governance activities. Lockridge will also provide guidance to the […]
As a fresh-faced elementary school student in 1977, Aaron Bennett wasn’t quite in the target demographic for the freshly launched Benefits Canada magazine. Still, Bennett — now the chief investment officer at Ontario’s University Pension Plan — has a pretty firm grasp on the concerns that would have occupied the minds of his predecessors as […]
The Colleges of Applied Arts and Technology Pension Plan is expanding the definition of who can qualify to receive benefits as disabled or as a dependant child under its plan. Effective Dec. 1, 2021, the CAAT’s DBprime plan design was amended to remove the requirement that a member must be receiving benefits from an employer’s long-term […]
The Colleges of Applied Arts and Technology Pension Plan is reporting an 11.1 per cent return for 2020, exceeding its policy benchmark by 0.4 per cent. The return brings the annualized 10-year net return to 9.9 per cent, providing $1.7 billion in cumulative added value compared to the benchmark, while funding reserves increased to $3.3 […]
The Ontario Teachers’ Pension Plan is reporting a total-fund net return of 8.6 per cent for 2020, a year which has generated mixed financial results for Canada’s major pensions due to the impact of the coronavirus pandemic. The pension plan earned $18 billion in investment income in 2020 and its net assets reached $221.2 billion as at Dec. 31, 2020, […]