Toronto, November 22, 2020 –The merger of the two defined benefit pension plans sponsored by Canadian Press Enterprises Inc. (the “CP Plans”) into the CAAT Pension Plan is in its final stages. The Financial Services Regulatory Authority of Ontario (FSRA) has issued conditional Notices of Intended Decision for the merger of the CP plans into the CAAT Pension Plan. By issuing these notices, the Chief Executive Officer (CEO) of FSRA has indicated an intention to consent to the pension plan mergers following a standard 30-day period to facilitate any applicable requests to the Financial Services Tribunal. Note that this does not address Quebec beneficiaries, which are to be addressed separately.

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

Copies of the Notices of Intended Decision are below.

The Pension Plan of Canadian Press Enterprises Inc. (the “Excluded Plan”)

Canadian Press Enterprises Inc. Pension Plan for Employees Represented by the Canadian Media Guild (“Guild Plan”)