Toronto, March 31, 2020 – The merger of the Youth Services Bureau’s (YSB) defined benefit pension plan into the CAAT Pension Plan is in its final stages. The Financial Services Regulatory Authority of Ontario (FSRA) has issued a Notice of Intended Decision for the merger of the YSB plan into the CAAT Pension Plan. By issuing the Notice, the Chief Executive Officer (CEO) of FSRA has indicated an intention to consent to the pension plan merger following a standard 30-day period to facilitate any applicable requests to the Financial Services Tribunal. Due to the current COVID-19 response, this standard 30-day period is currently postponed. We will provide updates to this posting on this timing, once available from FSRA.

When final consent is obtained from the CEO of FSRA, the last steps of the merger can be completed. Once the assets have transferred, YSB members can expect to receive a communication notifying them that the merger has been completed. If you have any questions, please email ysb@caatpension.on.ca.

A copy of the Notice of Intended Decision is below.

The Retirement Plan for Employees of Youth Services Bureau of Ottawa