DC Pension plan to CAAT transition update - June 25, 2021
As part of 2020 master negotiations, Unifor and the Detroit 3 auto companies in good faith agreed to explore transferring current and future Defined Contribution (DC) plan members (anyone hired on or after the 2016 effective date) to the College of Applied Arts & Technology (CAAT) new DBplus plan. CAAT is the public sector defined benefit plan for colleges across Ontario that opened its doors to the private sector in 2018.