Strong governance allowed the Colleges of Applied Arts and Technology pension plan to find success in private markets, according to Julie Cays, the plan’s chief investment officer. Before the CAAT plan hired its first CIO in 2004, it was using an outsourced chief investment officer-type model — although it didn’t use this term at the […]
The Shareholder Association for Research and Education is joining the College of Applied Arts and Technology’s new DBPlus pension plan. “As a small, non-profit organization, it’s difficult for us to access the kinds of plans that have traditionally been available to larger organizations,” says Kevin Thomas, executive director of the SHARE. “So, like other non-profits, […]
The Colleges of Applied Art and Technology pension plan boosted its funding reserve to $2.6 billion, raising its funded status to 120 per cent on a going-concern basis, according to its most recent actuarial valuation. Updated as of Jan. 1, 2019, the valuation showed an improvement over last year’s status of 118 per cent, upping […]
Using a Canada-model pension plan, employees would see $5.32 in retirement income for every dollar they contribute compared to the typical $1.70 resulting from an individual approach, according to a new report by the Healthcare of Ontario Pension Plan. The report, The Value of a Good Pension, divides Canadian retirement options into five distinct types: an individual […]
Members of Torstar Corp.’s eight defined benefit pension plans have agreed to merge with the Colleges of Applied Arts and Technology pension plan. Starting Oct. 1, 2018, the plans will be part of CAAT, pending the consent of the superintendent of the Financial Services Commission of Ontario. Once approved, the Torstar plan members will start accruing benefits under […]
Visitors to BenefitsCanada.com who type in a web address for a broken link will find a page with a lighthearted reply that reads: “Like a newly launched defined benefit plan, this page also does not exist.” It doesn’t seem like a wild claim to make, but one employee at a pension plan did, at one […]
Facing a $10.3-million pension deficit in 2016, the Youth Services Bureau of Ottawa had some tough decisions to make. It felt that closing its defined benefit plan, converting to a defined contribution arrangement or cutting benefits were all out of the question. But with the Ontario government having enacted regulations in 2015 to permit the […]
CAAT CEO Derek Dobson on how to build the perfect pension plan.
Ontario plans tout ESG progress at responsible investment conference
Funding status rises to 107.2%