Few firms have the resources to manage an employee pension plan. Fewer still have the appetite to take on the fiduciary risk. As a result, most Canadian lawyers are left to handle retirement planning entirely on their own.
Now, Canada’s legal community has access to a defined benefit pension plan available to law firms of any size, including sole practitioners and partners.
The Retirement Plan Lawyers Want—and Law Firms Are Proud to Offer
The DBplus pension plan offered by CAAT, combines cost certainty for employers and a secure, lifetime income for employees.
Secure and predictable income for life
With DBplus, employees enjoy predictable retirement income for life, unaffected by inflation or market volatility.
More value than an RRSP
Every dollar contributed to DBplus is expected to deliver over three times more retirement income than an RRSP1—making it one of the most effective ways to save for retirement.
Simple low-cost structure
There are no hidden fees or overhead costs. Your firm simply matches employee contributions—providing a powerful benefit with minimal complexity.
Minimized risk and responsibility
CAAT handles compliance and fiduciary duties, reducing your firm’s administrative burden and legal exposure.
No investment stress
There’s no need for employees to navigate complex investment decisions. Professional managers handle all investing, so your team can focus on what they do best.
A competitive edge in talent
Offering DBplus helps your firm stand out. With lifetime retirement income on the table, you’ll attract top legal talent and retain valued employees with a benefit they truly appreciate.
Source 1. Healthcare of Ontario Pension Plan, “The Value of a Good Pension,” 2018.
CAAT Pension Plan is a trademark of Colleges of Applied Arts and Technology Pension Plan. DBplus is currently not available to residents of Québec.
