The OPSEU Joint Trusteed Benefit Fund, a not-for-profit insurance advisor that offers benefits to non-profit organizations, is joining the Colleges of Applied Arts and Technology pension plan.
“OJTBF chose the CAAT pension plan to ensure that our valued employees can build a solid and sustainable retirement foundation while never losing sight of why we exist, which is to further the causes of those we insure,” said Robert Miller, sales and marketing manager at the not-for profit, in a press release.
Read: CAAT expanding definition of who qualifies to receive benefits
The OJTBF joins other participating employers such as Brink’s Canada Ltd., the Conference Board of Canada, the Ontario Dental Association, Torstar Corp., the University of Saskatchewan and the Vancouver Foundation.
As of Jan. 1, 2022, the CAAT plan had $18 billion in assets, $4.4 billion in reserves and an annualized 10-year net rate of return of more than 11 per cent.