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Merger Update: CAAT Pension Plan Members from Community Living Toronto

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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.