ABOUT OUR PENSIONS

Caterpillar has several pension plans, which are set up as ‘trusts’. This means the money that is paid into the plans is held primarily for the benefit of the members.

The Progress Rail GPP is not set up as a trust. Instead, it is a contract-based pension, which means that Caterpillar has an agreement with an outside company (Aviva), to provide and manage the plan.