St. Stanislaus – St. Casimir’s Polish Parishes Credit Union Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus.
“Joining DBplus reduced the financial risks, operational costs and administrative challenges of managing a pension plan,” said Tomasz Falfus, human resources manager for the credit union, in a press release.
Read: Two new employers joining CAAT’s DBplus pension
“With DBplus, our employees get a valuable defined benefit pension managed by the team of pension experts at CAAT and we get the peace of mind of knowing that there’s no administrative burden, so we can continue focusing on our business priorities while CAAT takes care of the rest.”
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.