CAAT reports 11.5% return
Funding status rises to 107.2%
BY Staff | April 16, 2015
The plan is 107.2 % funded on a going-concern basis with a funding reserve of $773 million.
During the past five years, the plan has earned an annualized rate of return of 10.5% net of investment management fees.
Contributions to the CAAT plan, shared equally by employees and employers of the Ontario college system, were $417 million in 2014, while net income from investments was $808 million. The plan paid $369 million in pension benefits for the year.
“We continue to work diligently to earn and keep the trust of members and employers,” says Derek Dobson, CEO of the CAAT Pension Plan. “The security of existing benefits and the sustainability of the pension plan at stable and appropriate contribution rates is our primary focus.”