Community Living York South is joining the Colleges of Applied Arts and Technology pension plan’s DBplus.
“After much research and consultation, we felt it was the right move for our organization at this time,” said Steven Klein, acting executive director of the non-profit organization serving the southern part of York Region, in a press release.
Read: CAAT to introduce new DB plan
“With inflation protection and a secure retirement income for life which is supported by a well-funded, highly-ranked plan administrator, we are confident that the CAAT pension plan will offer our employees a bright future upon their retirement.”
Since the DBplus was launched in 2019, it has welcomed more than 200 employers across 11 industries. As of Jan. 1, 2021, the CAAT pension plan had $15.8 billion in assets and earned an 11.1 per cent rate of return in 2020.