How to simplify your in-house pension plan and reduce risk
CAAT Pension Plan
CAAT Pension Plan provides workplaces across Canada with lifetime retirement income plans for employees.
In-house pension plans can be complex, costly, and carry many risks for employers.?With CAAT’s DBplus plan design, employers can easily merge existing pension plans into one lower risk, cost-effective defined benefit plan.
Secure, predictable lifetime retirement with no burden on employers
Canadian news giant Postmedia Network wanted to exit the pension risk management business. The organization searched for a cost-effective solution of transferring its six defined benefit pension plans to an established expert – and DBplus offered an all-encompassing solution. ?
The transition lowered risk and eliminated the cost of a third-party administrator, while ensuring Postmedia could provide employees with a secure, predictable lifetime pension income and bringing equity amongst various employer groups.
“We are pleased with the strong support from the Postmedia Plan members. Joining the CAAT Plan will provide Postmedia employees with sustainable defined benefit pensions while enabling the company to manage costs through fixed and predictable pension funding.”
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– Brian Bidulka, Executive Vice President and Chief Financial Officer (Postmedia news release, July 2019)
The CAAT Advantage
Curious about DBplus??
To learn more about how CAAT’s DBplus plan design can meet the needs of your organization, visit our Pension Solutions Page or contact us at [email protected].?