Merger Update: CAAT Pension Plan Members from the Youth Services Bureau of Ottawa (YSB)

October 23, 2020

On October 15, 2020, the Financial Services Regulatory Authority (FSRA) provided its consent to the transfer of assets from the Retirement Plan for Employees of Youth Services Bureau of Ottawa (“YSB Plan”) to the CAAT Plan. YSB Plan assets totalling almost $40 million will be transferred to the CAAT Pension Plan in November 2020.

Once all assets have been transferred, the CAAT Plan will assume responsibility for all defined benefit pension payments to members of the YSB Plan. Members of the YSB Plan can expect to receive a communication with further details about their pension in the coming weeks.