The Saskatchewan College of Pharmacy Professionals is joining the Colleges of Applied Arts and Technology pension plan’s DBplus arrangement.
“I did a lot of research with respect to plan options for our staff and felt that [the] CAAT had the best offering as it was flexible, affordable and offered a great opportunity to support them with their retirement plans,” said Jeana Wendel, registrar at the SCPP, in a press release. “It is satisfying to ensure those who work so hard every day to contribute to the success of the college can be taken care of in their retirement.”
The SCPP 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 $18.2 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.