Your December 2017 Retired Member Newsletter is now online.
(Toronto: January 4, 2018) Members of The Youth Services Bureau of Ottawa (YSB) pension plan joined the Colleges of Applied Arts and Technology (CAAT) Pension Plan, effective January 1, 2018.
The annual survey of retired members and surviving spouses and the survey of active members were completed by early September
Youth Services Bureau members join the CAAT Plan.
As a jointly sponsored pension plan, the interests of members and employers are equally represented on the Board of Trustees. Part of this equal representation includes a regular 18-month change in the Chair and Vice-Chair positions.
In the spring, you’ll receive your Retired Member Annual Statement. This important document provides you with a breakdown of your pension amount and any amounts that are deducted (e.g. for income tax).
Active members were asked if they want the Plan to be active in the public pension debate and 96% of those with an opinion said yes, while 84% said they would take action themselves to protect the Plan.
If you start a common-law relationship after retiring, a recent Plan change may affect you.
Modern Defined Benefit (DB) pension plans like the CAAT Plan are good for members, good for employers, and good for Canada. And they need champions like you to help spread the word.