{"id":17635,"date":"2019-11-25T15:00:33","date_gmt":"2019-11-25T20:00:33","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/united-way-of-greater-toronto-joining-caat-pension-plan-139300"},"modified":"2019-11-25T15:00:33","modified_gmt":"2019-11-25T20:00:33","slug":"united-way-of-greater-toronto-joining-caat-pension-plan","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/11\/25\/united-way-of-greater-toronto-joining-caat-pension-plan\/","title":{"rendered":"United Way of Greater Toronto joining CAAT pension plan"},"content":{"rendered":"<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"><img decoding=\"async\" loading=\"lazy\" width=\"316\" height=\"190\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2016\/02\/Toronto-Shutterstock.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"United Way of Greater Toronto joining CAAT pension plan\"> <\/div>\n<\/div>\n<p class=\"byline\"><span>Staff<\/span>&nbsp;|&nbsp;November 25, 2019<\/p>\n<p>The United Way of Greater Toronto is the latest organization to join the Colleges of Applied Arts and Technology\u2019s DBplus plan.<\/p>\n<p>Following a 90-day consent process, an overwhelming majority (99 per cent) of the 350 members of the&nbsp;organization\u2019s defined benefit pension plan&nbsp;voted in favour of the move. Employees will&nbsp;begin contributing to and earning a pension under <a href=\"https:\/\/www.benefitscanada.com\/news\/caat-to-introduce-new-db-plan-113886\">DBplus<\/a> on Jan. 1, 2020.<\/p>\n<p class=\"p2\">\u201cWe are delighted to be joining the CAAT DBplus plan after an enthusiastic endorsement from our members,\u201d said Rahima Mamdani, vice-president of people and culture at the United Way of Greater Toronto, in a press release. \u201cThis move allows us to improve the pension plan we offer to our employees, helping ensure long-term, sustainable and secure retirement savings.\u201d<\/p>\n<p class=\"p2\"><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/caat-to-introduce-new-db-plan-113886\">CAAT to introduce new DB plan<\/a><\/strong><\/p>\n<p class=\"p2\">\u201cWe are honoured that United Way of Greater Toronto employees have invested their trust in CAAT and DBplus,\u201d said&nbsp;Derek Dobson, chief executive officer and plan manager at the CAAT pension plan. \u201cCAAT is proud of the contribution DBplus is making by simplifying pensions for employers and providing more Canadians with secure income in retirement.\u201d<\/p>\n<p class=\"p2\">The&nbsp;plan\u2019s $25 million in assets will be transferred and its benefits will be replicated under the CAAT\u2019s DBplus, pending approval from the Financial Services Regulatory Authority of Ontario.<\/p>\n<p class=\"p2\"><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/share-joining-caats-dbplus-pension-plan-127359\">SHARE joining CAAT\u2019s DBPlus pension plan<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/united-way-of-greater-toronto-joining-caat-pension-plan-139300\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;November 25, 2019 The United Way of Greater Toronto is the latest organization to join the Colleges of Applied Arts and Technology\u2019s DBplus plan. Following a 90-day consent process, an overwhelming majority (99 per&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17635"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17635"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17635\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}