October 24, 2013
The Colleges of Applied Arts and Technology (CAAT) and Ryerson University have decided to terminate their participation in the reciprocal transfer agreement with major Ontario pension plans (MOPPs). Here's what you need to know:
- CAAT – termination effective Oct. 1, 2013. If we did not receive your application to transfer prior to Oct. 1, 2013, you may still be eligible to buy back your CAAT pension credit in our plan.
- Ryerson – termination effective Dec. 31, 2013. Any reciprocal transfer requests made on or before Dec. 31, 2013 will be completed under the terms of the MOPPs Agreement. After this date, you will not be eligible to transfer the commuted value of your accrued benefits/contributions but may be eligible to buy back your Ryerson Plan pension credit.
If you have credit in the Ryerson Plan that you would like to transfer to Teachers', or buy back your CAAT pension credit, please call our Member Hotline (1-800-668-0105) to discuss your options.