Pension Plan for the Employees Idlewyld Manor - March 17, 2006

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the Act);

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under subsection 78(4) of the Act consenting to a payment out of the Pension Plan for the Employees Idlewyld Manor, Registration Number 0957837.

TO:

Dave Drywood
Manager of Financial Services
Idlewyld Manor
449 Sanatorium Rd
Hamilton, ON L9C 2A7

ORDER

NO NOTICE requiring a hearing was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by subsection 89(6) of the Act.

IT IS THEREFORE ORDERED to consent to the payment, out of the Pension Plan for the Employees Idlewyld Manor, to Idlewyld Manor, as at September 30, 2004 in the amount of $6,822.20 plus interest to the date of payment for the following reasons:

  1. Idlewyld Manor is the employer as defined in the Plan.

  2. As a result of an audit of 2004 pension contributions which revealed an overpayment for August and September of 2004.

  3. Evidence of the Overpayment to the fund has been submitted to the Financial Services Commission of Ontario.

  4. The application appears to comply with section 78(4) of the Act.

DATED at Toronto, Ontario, this 17th day of March, 2006.

Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 
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