Fleming College offers a comprehensive defined benefit pension plan to both full-time employees and other than regular full-time (OTRFT) employees through the Colleges of Applied Arts and Technology (CAAT) Pension Plan.
Full-Time Employees:
Full-time permanent employees of Fleming College are enrolled in the CAAT Pension Plan’s DBprime plan, which provides lifelong pensions calculated based on earnings and years of service. Plan members will receive an Annual Pension Statement detailing contributions made to the Plan from the date of enrollment through the end of the previous year. Enrollment in the Plan is mandatory for full-time employees.
Other than Regular Full-Time Employees (OTRFT):
OTRFT employees are those who:
- work full-time on contract with a pre-determined end date;
- are sessional employees;
- work less than full-time hours;
- work less than a full work week.
All other than regular full-time employees are entitled to join CAAT Pension Plan’s DBplus plan, a defined benefit plan. Please visit the Plan’s website for details about the Plan, how to join, and important factors to consider before enrolling.
If you wish to join the Plan, it is your responsibility to review the materials on the website and complete the online enrollment form. Additionally, you should verify that the appropriate Plan contributions are being deducted from your pay.
If you are already a member of the CAAT Pension Plan through another college or participating employer, or if you have entitlement under the Plan, you must notify Total Rewards immediately to ensure appropriate contributions are deducted, if applicable.
If you do not join the Plan when first offered, you may enroll in the CAAT Pension Plan at any time during your employment, subject to the Plan’s terms.
Upon joining, you will contribute based on a percentage of your earnings, and Fleming College will match your contributions. Once you join the Plan, contributions will continue until you terminate employment, retire, or pass away. Subject to the Plan’s terms, as long as you remain a member or entitled to benefits under the Plan, you must contribute on any applicable earnings from employment in the college system or other participating employers.
If you terminate employment before retirement, your membership in the Plan will continue for 24 months, know as the “extension of membership period”. During this time, payment options may be limited.
Contribution Formula
Effective January 1, 2013, pension contributions for full-time employees will no longer fluctuate throughout the year. The contributions for 2024 will be as follows:
| Biweekly Pensionable Earnings | Contribution Rate |
| Up to $2,561.54 | 11.2% |
| Above $2,561.54 | 14.8% |
Learn more about your CAAT pension
Want to learn more about the value of your pension? Curious about how to easily access your pension information through a secure online portal? Watch these videos to find out more:
The value of a CAAT pension:
The CAAT Pension Plan makes it easy to save for your retirement. While you work, you build stable, secure retirement income. Watch the video to learn more about the value of a CAAT Pension.
Get started with My Pension today!:
Did you know you can easily access your pension information through My Pension, the portal created by CAAT Pension Plan? If you’re already using My Pension, you’re one step ahead! if you haven’t registered yet, learn how to activate your My Pension account by watching this video.
GROWTHplus
What is GROWTHplus?
GROWTHplus Investment Account is an optional savings account for CAAT Pension Plan members to grow their tax-sheltered savings and benefit from CAAT’s investment returns. With GROWTHplus, Plan members can grow their savings together with the secure lifetime pension they have with CAAT.
How does it work?
- GROWTHplus is for active, deferred and retired members of the CAAT Plan.
- Deposits can be initiated until the end of the year a member turns 70.
- Plan members can initiate deposits into the GROWTHplus Investment Account by transferring in their tax-sheltered savings from eligible registered retirement savings vehicles, including registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs) and registered pension plans (RPPs).
For more details on the GROWTHplus Plan, including how to join, please visit the CAAT Pension Plan’s GROWTHplus webpage.