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Ontario considers pension fund mergers

An article appearing in yesterday's Globe and Mail discusses proposed changes to Ontario's public pension that would affect the CAAT Pension Plan. Here is CAAT Pension Plan's communication to members:

Promoting your retirement security

The Ontario government is contemplating several pension-related changes, including the pooling of the pension fund assets of different plans.
This change was recently the focus of a Globe and Mail article.  Although the article implies that decisions about asset pooling have already been reached, these conclusions are premature. The Plan continues to participate in the government’s consultation process, as there are ongoing meetings and discussions. We anticipate these discussions will last into October.
The Plan’s position, which we have announced on our website and in newsletters, is that a ‘one-size fits all’ solution will not serve the best interests of our beneficiaries.
If you haven’t already done so, please be sure to read the website page, Promoting your retirement security. If you have questions, feel free to contact [at] caatpension [dot] on [dot] ca (contact us directly).
For periodic updates on this and other issues, we encourage members to sign up for NewsLink on the CAAT Pension website.
- CAAT Pension Plan