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With a successful merger in the books, the Colleges of Applied Arts and Technology (CAAT) pension plan is eager to begin a new chapter in its provision of adequate retirement income.

The introduction of the Royal Ontario Museum (ROM) pension plan into the CAAT fund received provincial approval last December, from the Financial Services Commission of Ontario (FSCO), and active members of the museum plan began to contribute to CAAT at the beginning of this year. 

Based on the support, 97 per cent of active, retired and deferred members said yes to the move, it didn’t seem like a hard sell. 

“Quite simply, employees get a secure defined benefit pension plan … a lifetime guaranteed income with some inflation protection,” Derek Dobson, CAAT CEO and Plan Manager, told ARIA during a recent conversation.