CAAT Pension Plan name new vice president of Pension Solutions

Karen Burnett takes on an expanded role at CAAT Pension Plan, focusing on pension solutions for employers

CAAT Pension Plan name new vice president of Pension Solutions

CAAT Pension Plan has promoted Karen Burnett to vice president, Pension Solutions, reinforcing its commitment to offering cost-effective and flexible retirement solutions to organizations across Canada.

She has nearly 30 years of experience in defined benefit and defined contribution pension plans.

According to the press release, she brings a unique perspective on optimizing governance, reducing employer risk, and ensuring financial security for employees.

Burnett holds a Bachelor of Mathematics in Actuarial Science (with distinction) from the University of Waterloo. She is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries.

Before joining CAAT Pension Plan, she spent over 23 years at WTW, a global advisory, broking, and solutions company, as a senior director of Retirement.

In addition to her role at CAAT, she is also on the Society of Actuaries Board of Directors and actively participates in the Association of Canadian Pension Management (ACPM) Ontario Council.

“This promotion reflects [her] leadership and strong track record in shaping flexible retirement solutions that help organizations navigate workforce uncertainty, enhance employee financial wellness, and reduce risk—all without increasing costs,” said Jillian Kennedy, chief strategy officer, CAAT Pension Plan.

Her appointment follows a year of industry recognition for CAAT, including awards for leadership, innovation, and workplace excellence.

In her expanded role, Burnett will collaborate with business leaders to understand their workforce and financial challenges while providing sustainable pension solutions.

Established in 1967, CAAT Pension Plan provides workplace retirement solutions for employers across Canada. As one of the country’s fastest-growing defined benefit pension plans, CAAT serves over 110,000 active and retired members nationwide. As of January 1, 2024, CAAT is 124 percent funded on a going-concern basis, with $20.1bn in assets under management.