CAAT
Pension Plan funded status grows to 120% with benefit security reserves of $2.6
billion
The CAAT Pension Plan
stands 120% funded on a going-concern basis, with a funding reserve of $2.6
billion, based on its latest actuarial valuation as at January 1, 2019. This is
an improvement over last year’s valuation that showed the Plan 118% funded with
a funding reserve of $2.3 billion.
Based on the Plan’s Funding Policy, the Plan governors determined that
allocating additional reserves to further strengthen benefit security is the
most prudent...
