Merger Update: CAAT Pension Plan Members from Community Living Toronto
October 22, 2020
Asset transfer approved
On October 8, 2020, the Ontario pension regulator, the Financial
Services Regulatory Authority of Ontario (FSRA), provided consent to
transfer the assets from the Pension Plan for Executive Employees of
Community Living Toronto (Registration Number: 0691873) (“CL Toronto
Executive Plan”) into the CAAT Pension Plan.
Once all assets have been transferred, CAAT will assume
responsibility for all defined benefit pension payments to members of
the CL Toronto Executive Plan.
It is anticipated that assets totalling about $8 million will be
transferred to CAAT in November 2020. Members of the CL Toronto
Executive Plan can expect to receive a communication with further
details about their pension in coming weeks.