Colleges and Institutes Canada is the latest employer to join the Colleges of Applied Arts and Technology’s DBplus pension plan.
The organization, which is the voice of Canada’s colleges, Collèges d’enseignement général et professionnel, polytechnics and institutes, works with employers, governments and stakeholders, as well as helping partners around the world transform their education systems.
CICan’s employees, represented by the Ontario Public Service Employees Union, joined the CAAT’s DBplus plan effective June 1, 2021. “Every worker needs and deserves a reliable pension,” said Warren Tomas, president of the OPSEU, in a press release.
“As the union representing thousands of Ontario faculty, one of our top priorities is ensuring our members can all look forward to a secure retirement after a lifetime of hard work. With CICan joining the CAAT pension plan, we’re one step closer to our goal.”
Denise Amyot, president and chief executive officer of Colleges and Institutes Canada, noted the organization strives to be an employer of choice and offer competitive benefits to its employees. “By joining CAAT, we are able to provide them with a solid and reliable option to save for retirement and the peace of mind that comes with a well-established pension plan.”