What is the FSRA examination of the CAAT Pension Plan?

FSRA launched a formal supervisory review under Ontario’s Pension Benefits Act. Examiners assess governance, conflicts, remuneration controls, and documentation. It is not a finding of wrongdoing. The process can lead to recommendations or compliance directions. Benefits and payments normally continue while supervisory work proceeds and disclosures are issued as needed.

Are my CAAT pension payments or benefits at risk?

CAAT says funding and benefits remain intact, and retirees should receive scheduled payments. Active members continue accruing under plan rules. Examinations focus on governance, not on cutting earned benefits. Any change to benefits would require separate plan decisions and legal steps, which are not indicated by the current review.

What is known about the Derek Dobson payout?

Media reports flagged a $1.6 million payout as unusual and a factor in the CEO being placed on leave. The matter is under review with no published findings. Stakeholders should watch for official disclosures explaining approvals, purpose, and policy alignment before drawing conclusions about the payout’s governance treatment.

What should employers and vendors do now?

Request written confirmations on signing authority, review governance covenants, and keep documentation current. Ask for updates on board and committee changes. Vendors and managers can continue work under existing contracts while monitoring disclosures. Escalate only if instructed by amended policies, new approval thresholds, or regulatory directions following the FSRA examination.

Law and Government

CAAT Pension Plan February 14: CEO on Leave as FSRA Opens Formal Examination

ByHuzaifa Zahoor February 15, 2026February 15, 2026

CAAT Pension Plan is under formal review after Ontario’s regulator, FSRA, opened an examination. On February 14, the $23 billion plan placed CEO Derek Dobson on administrative leave and changed board leadership following a whistleblower letter alleging governance failures. CAAT says funding and benefits remain intact. For Canadians, the issue centers on Ontario pension governance, oversight, and disclosure. We explain what the FSRA examination could mean, near‑term impacts for members and employers, and key signals to watch.