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Canadians, according to research, want the kind of retirement security provided by a defined benefit pension plan, and they are willing to pay for it.

Employers also enjoy the benefits of a traditional pension through the recruitment and retention value the model provides. And the stable income delivered to retirees contributes to the economic health of communities, as DB pensioners remain consumers.

Despite these proven benefits, employers, mostly in the private sector, have been moving away from pensions for decades, usually switching to defined contribution schemes or not offering any type of occupational retirement plan at all. Recent data shows that as many as 65 per cent of Canadians don’t have access to a workplace pension.

It’s a conundrum, a problem in search of a solution. 

The folks at the CAAT Pension Plan believe they an answer that addresses employer concerns over the commitments of offering employees the DB value, and the desire of Canadians for retirement income security. It involves opening the door to more employers, including those in the private sector, to the CAAT plan.

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