Colleges of Applied Arts and Technology Pension Plan, Toronto, returned 8.1% on its investments in 2015, vs. the defined benefit plan’s 3.1% custom benchmark return.
The plan’s assets grew to C$8.6 billion ($6.2 billion) as of Dec. 31, up 7.5% from 12 months earlier. Investment income for 2015 totaled C$621 million, while employer and employee contributions totaled C$432 million.
The plan’s investments returned 11.5% in 2014, said John Cappelletti, CAAT spokesman. For the five years ended Dec. 31, CAAT returned an annualized 9.6%.
CAAT was 110.4% funded as of Dec. 31, compared to 107.2% at the end of 2014, Mr. Cappelletti said.
Further details, including individual asset class returns, will be disclosed in CAAT’s 2015 annual report, scheduled to be released May 12.
CAAT is jointly sponsored the Ontario College Administrative Staff Association, the College Employer Council and the Ontario Public Service Employees Union.