97% of active members support the merger
(Toronto: January 11, 2016) Members of The Royal Ontario Museum (ROM) pension plan have overwhelmingly chosen to join the Colleges of Applied Arts and Technology (CAAT) Pension Plan.
The merger is the first of its kind to use Ontario’s new regulations permitting the conversion and transfer of assets from a single-employer pension plan in the broader public sector to a jointly governed, multi-employer pension plan. The regulations came into effect November 1, 2015.
We received a number of questions about Power of Attorney information following the Pension Confirmation process earlier this year. Many of you may have Power of Attorney documents that are not yet in force, or that are for Personal Care, and wonder if the Plan requires these documents each year.
The Retired Member Annual Statement you will receive each spring is similar to the Annual Statements you received as an active member. It provides you with details about your pension, inflation protection and beneficiaries. Your Statement also requires action from you, to do your part to keep to keep your pension safe and the Plan secure.