CAAT Pension Plan posts 15.2% return for 2024, funded ratio hits 124%
May 26, 2025
The Colleges of Applied Arts and Technology Pension Plan recorded a net investment return of 15.2% in 2024, increasing its net assets to $23.3 billion by year end.
CAAT’s CEO and Plan Manager Derek W. Dobson stated in CAAT’s 2024 Annual Report that “[a]s we continue to manage long term risks, we do so in an increasingly challenging market environment. These conditions underscore the importance of the Plan's robust approach to safeguarding benefits and building reserves. With a diversified portfolio and robust reserves set aside to protect the Plan against economic shocks, our members and employers can be confident in the resilience and sustainability of their pension plan,” he said.
Other highlights from the report include:
• The plan was 124% funded on a going-concern basis at the end of 2024.
• The plan’s reserves sit at $6.1 billion as of January 1, 2025, with an additional $1.9 billion in asset smoothing reserves reflecting deferred investment gains that are to be gradually recognized in future actuarial valuations.
• Canadian holdings make up over 25% of the plan’s total assets, including investments in equities, bonds, real estate, and infrastructure.
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