{"id":17341,"date":"2019-10-29T09:50:23","date_gmt":"2019-10-29T13:50:23","guid":{"rendered":"https:\/\/www.benefitscanada.com\/news\/fsra-issuing-notices-of-intended-decision-for-merger-of-torstar-db-pension-plans-into-caat-plan-138031"},"modified":"2019-10-29T09:50:23","modified_gmt":"2019-10-29T13:50:23","slug":"torstar-db-pensions-receive-fsra-notices-for-joining-caats-dbplus","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/10\/29\/torstar-db-pensions-receive-fsra-notices-for-joining-caats-dbplus\/","title":{"rendered":"Torstar DB pensions receive FSRA notices for joining CAAT\u2019s DBPlus"},"content":{"rendered":"\n<div class=\"alignleft clearfix\">\n<div class=\"wp-caption feature-image alignleft\"> <img decoding=\"async\" loading=\"lazy\" width=\"350\" height=\"263\" src=\"https:\/\/www.benefitscanada.com\/wp-content\/uploads\/2019\/10\/Torstar-350x263.jpeg\" class=\"attachment-feature size-feature wp-post-image\" alt title=\"Torstar DB pensions receive FSRA notices for joining CAAT\u2019s DBPlus\"> <\/div>\n<\/p><\/div>\n<p class=\"byline\"> <span>Staff<\/span>&nbsp;|&nbsp;October 29, 2019 <\/p>\n<p>The merger&nbsp;of Torstar Corp.\u2019s defined benefit pension plans into the Colleges of Applied Arts and Technology pension plan\u2019s DBPlus has crossed the first hurdle with the&nbsp;Financial Services Regulatory Authority of Ontario.<\/p>\n<p>The FRSA has issued notices of an intended decision for the merger. By issuing these notices,&nbsp;it\u2019s indicating an&nbsp;intention to consent to the plan mergers following a standard 30-day period to facilitate any requests to the financial services tribunal.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/why-some-employers-are-merging-their-pension-plans-with-bigger-players-116305\">How YBS Ottawa merged its pension plan with a bigger player<\/a><\/strong><\/p>\n<p>After the 30-day waiting period, and once final consent has been obtained from the FSRA, the final steps of the merger&nbsp;will&nbsp;go ahead, with the&nbsp;transfer of assets expected to be completed by the end of this year.<\/p>\n<p>Torstar\u2019s plans are the latest in a number of DB plans joining the CAAT\u2019s plan, which was <a href=\"https:\/\/www.benefitscanada.com\/news\/caat-to-introduce-new-db-plan-113886\">launched in April 2018<\/a> to organizations in the&nbsp;broader public, private and not-for-profit sectors across Canada.<\/p>\n<p>In <a href=\"https:\/\/www.benefitscanada.com\/news\/members-of-torstars-eight-db-pension-plans-agree-to-join-caat-119566\">September 2018<\/a>, members of&nbsp;Torstar\u2019s eight&nbsp;DB pension plans agreed to the merger.<\/p>\n<p><strong>Read:&nbsp;<a href=\"https:\/\/www.benefitscanada.com\/news\/members-of-torstars-eight-db-pension-plans-agree-to-join-caat-119566\">Members of Torstar\u2019s eight DB pension plans agree to join CAAT<\/a><\/strong><\/p>\n<p> <a href=\"https:\/\/www.benefitscanada.com\/news\/fsra-issuing-notices-of-intended-decision-for-merger-of-torstar-db-pension-plans-into-caat-plan-138031\">Read the full article at BenefitsCanada.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Staff&nbsp;|&nbsp;October 29, 2019 The merger&nbsp;of Torstar Corp.\u2019s defined benefit pension plans into the Colleges of Applied Arts and Technology pension plan\u2019s DBPlus has crossed the first hurdle with the&nbsp;Financial Services Regulatory Authority of Ontario.&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17341"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=17341"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/17341\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=17341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=17341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=17341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}