CAE offers employees a Defined Benefit Pension Plan. This means that upon retirement, you will receive a monthly pension that is determined based on a preset formula that considers your years of credited service and your base salary during your career.
The monthly pension provided by the Plan, along with government pensions and personal savings, will help you secure the standard of living you want after you retire.
- Participation is optional and you are eligible to enroll starting from your hiring date.
- You will receive an email to register.
- You can enroll at any time on the CAEpension website, just click on the first time visit link.
- Note that once you become a member you must continue to contribute as long as you are actively employed by CAE.
- Contribution amounts are based on a prescribed formula.
- CAE also contributes to the plan based on the recommendations made by the Plan Actuary.
- Remember, participation in the Defined Benefit Pension Plan will impact your RRSP deduction limit.
![Image of Piggy bank representing concept for saving](https://i0.wp.com/select-benefits-integration-union.com/wp-content/uploads/2022/07/DBPP-piggy.jpg?fit=400%2C400&ssl=1)
Find out more in the Defined Benefit Pension Plan Brochure.