{"id":18723,"date":"2020-06-19T15:15:51","date_gmt":"2020-06-19T19:15:51","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/vopak-terminals-staff-move-from-a-dc-to-a-db-pension-plan-147275"},"modified":"2020-06-19T15:15:51","modified_gmt":"2020-06-19T19:15:51","slug":"vopak-terminals-staff-move-from-a-dc-to-a-db-pension-plan","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2020\/06\/19\/vopak-terminals-staff-move-from-a-dc-to-a-db-pension-plan\/","title":{"rendered":"Vopak Terminals staff move from a DC to a DB 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\/2017\/12\/Merger1.jpg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"Vopak Terminals staff move from a DC to a DB pension plan\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff <\/span>&nbsp;|&nbsp;June 19, 2020 <\/p>\n<p>As part of&nbsp;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\u2019s DBPlus arrangement, effective June 1, 2020.<\/p>\n<p>With the change, these employees, who are members of Unifor, move from a defined contribution plan into a defined benefit plan. Since DBPlus was launched in 2018,&nbsp;more than 33 employers and more than 15,000 members have joined the plan.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/four-more-employers-join-caats-dbplus-pension-plan-141366\">Four more employers join CAAT\u2019s DBplus pension plan<\/a><\/strong><\/p>\n<p class=\"p5\">\u201cGetting a good pension was a major priority for our members in this round of bargaining and CAAT met both our need to ensure a stable retirement income for our members while recognizing the needs of our employer,\u201d said&nbsp;Phil Barbara, president of Unifor Local 2003E, in a press release.<\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/vopak-terminals-staff-move-from-a-dc-to-a-db-pension-plan-147275\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff &nbsp;|&nbsp;June 19, 2020 As part of&nbsp;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\u2019s DBPlus arrangement, effective&#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\/18723"}],"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=18723"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/18723\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=18723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=18723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=18723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}