Employees of the City of Whitehorse represented by the Yukon Employees’ Union and N.W.T.-based Collège nordique francophone are joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement.
The two employers are among a number of organizations that have recently joined the CAAT’s plan, including the Canadian Coalition for Good Governance, the Saskatchewan College of Pharmacy Professionals and the OPSEU Joint Trusteed Benefit Fund.
“As CAAT continues to demonstrate that pensions matter to Canadians from coast to coast to coast, I’m proud to welcome the City of Whitehorse and Collège nordique francophone to the plan,” said Derek Dobson, chief executive officer and plan manager of the CAAT pension plan, in a press release. “By partnering with CAAT to provide DBplus, our new employers are strengthening talent retention and securing a better, brighter retirement future for Canada’s dedicated northern workforce.”
As of Jan. 1, 2022, the CAAT plan had $18.2 billion in assets, a one-year net rate of return of 15.8 per cent and an annualized 10-year net rate of return of 11.1 per cent.