Canadian Press Enterprises Inc. voting to join the Plan
Canadian Press Enterprises Inc. (CPE) has entered into an agreement to merge its pension plans with the CAAT Pension Plan under the DBplus design. As with previous mergers of this type, CPE plan members must consent to the merger through a voting process, which concludes on June 28, 2019. If approved, CPE’s two defined benefit plans with assets over $100 million, would merge into the CAAT Plan and the members of CPE’s defined contribution plan would join the Plan as well. The merger would be effective July 1, 2019.