Metropolitan Toronto Pension Plan Surplus, April 16, 2021

April 16, 2021

We are pleased to advise that the Chief Executive Officer of the Financial Services Regulatory Authority (“FSRA”) has issued a consent to the distribution of surplus from the Metropolitan Toronto Pension Plan (the “Metro Plan”), a copy of which can be accessed here.

Now that the required regulatory approvals have been received, the City of Toronto is in a position to implement the Surplus Sharing Agreement between the City and Plan members, and we are advised that payments to members should begin by the end of April 2021.

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