As part of the ongoing initiative to provide more working Canadians with defined benefit pensions in retirement, CAAT has welcomed new members from across the country.

Last November, the Plan’s Governors passed a series of amendments to update language in the Plan Text to be more generic and applicable to members employed outside of Ontario. For example, references to specific Ontario-based legislation now refer to “applicable legislation” instead. These changes ensure that each member’s pension is administered in accordance with the applicable legislation in their province of employment.

In addition, the Plan Text was updated to refer to the Ontario Regulator by its new name, the Financial Services Regulatory Authority of Ontario (FSRA) (previously known as the Financial Services Commission of Ontario (FSCO)). The CAAT Pension Plan continues to be registered in Ontario as the majority of Plan members are in Ontario.

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