Whether it’s battling the challenges of plan maturity, increasing longevity, the changing nature of work or difficult financial markets, these so-called golden handcuffs are looking pretty dented in some cases. But the 10 years following the great financial crisis wasn’t all bad. Many public pension plans, as well as affiliated administrators and investment managers, have […]
Brink’s Canada Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus offering. Represented by Unifor, 582 full- and part-time workers from Ontario and 175 from British Columbia officially became part of the plan on a go-forward basis effective July 1, 2020. “We are delighted to welcome Brink’s […]
Brink’s Canada Ltd. is the latest employer to join the Colleges of Applied Arts and Technology pension plan’s DBplus offering. Represented by Unifor, 582 full- and part-time workers from Ontario and 175 from British Columbia officially became part of the plan on July 1, 2020. “We are delighted to welcome Brink’s and its employees from Ontario […]
Firefighters, administrative and infrastructure maintenance personnel at the Saint John Airport are among the newest members to join the Colleges of Applied Arts and Technology pension plan’s DBplus. As part of a new collective agreement that was ratified earlier this year, the employees, who are represented by the Public Service Alliance of Canada, have joined […]
Firefighters, administrative and infrastructure maintenance personnel at the Saint John Airport are among the newest members to join the Colleges of Applied Arts and Technology pension plan’s DBplus. As part of a new collective agreement that was ratified earlier this year, the employees, who are represented by the Public Service Alliance of Canada, have joined […]
As part of a new collective agreement ratified earlier this year, employees at Hamilton, Ont.-based Vopak Terminals have joined the Colleges of Applied Arts and Technology pension plan’s DBPlus arrangement, effective June 1, 2020. With the change, these employees, who are members of Unifor, move from a defined contribution plan into a defined benefit plan. Since […]
Canadian lawyers and law firm staff now have access to the College of Applied Arts and Technology’s DBplus pension plan through an affinity arrangement between the CAAT and the Canadian Bar Insurance Association. The affinity program will make it easier for Canadian lawyers, partners, office support staff and non-legal professionals to join the DBplus. Lawyers Financial, […]
The United Way Greater Toronto introduced a defined benefit pension plan in 1965 and moved to a hybrid plan in 1990. While the DB side was fully paid by the employer, the defined contribution component allowed employees to contribute up to four per cent of their annual salary with a 50 per cent employer match. […]
The Colleges of Applied Arts and Technology pension plan has added two more employers to its DBplus offering. Skills Canada Ontario and Fraser Group are the latest organizations to join the pension, bringing the number of employers in the plan to 33 since its launch 18 months ago. Employers joining DBplus can select a fixed contribution […]
The Colleges of Applied Arts and Technology pension plan saw a strong 2019, delivering a 16 per cent return, net of investment management fees, while growing its assets under management to $13.5 billion. “On an absolute basis, all asset classes contributed positively to returns in 2019, with global developed equity, long bonds and real assets […]