Ca(OH)2 is only slightly soluble in water, so that doesnt work here. If it was a strong base, what you're asking is does 1 + (.5 x -2) = 0, then yes, it does.
Edit: Note that there are not two equivalent moles, there is only one. An equivalent is defined as one mole, if the compound completely dissociated, there would only be 1 mole of OH, and therefore only one equivalent.