IN THE MATTER of the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “Act”);
AND IN THE MATTER of an Order made by the Superintendent of Financial Services under section 83 of the Act, respecting the Pension Plan for Hourly Employees of Chun King Canada Inc. (the “Plan”) Registration Number 0597450.
Morneau Sobeco Limited Partnership
895 Don Mills Road, Suite 700
One Morneau Sobeco Centre
Toronto ON M3C 1W3
Pension Plan Administrator
Chun King of Canada Inc.
1019 Elliot Street West
Windsor , ON N9A 5Z8
United Food and Commercial Workers Union Local 459
261 Erie Street
Leamington, ON N8H 3C4
WHEREAS on May 9, 2006, the Director, Pension Plans Branch, by order and by delegated authority from the Superintendent of Financial Services declared, pursuant to sections 83 and 89 of the Act, that the Pension Benefits Guarantee Fund (the “Guarantee Fund”) applies to the Pension Plan;
NOW THEREFORE I shall allocate from the Guarantee Fund and pay to the Pension Plan, pursuant to subsection 34(7) of R.R.O. 1990, Reg. 909, under the Act (the “Regulation”), an amount not to exceed $447,500 which together with the Ontario assets of the Plan, will provide for the benefits determined in accordance with section 34 of the Regulation. Any money allocated from the Guarantee Fund but not required to provide such benefits shall be returned to the Guarantee Fund.
DATED at Toronto, Ontario, this 26th day of May, 2006.
K. David Gordon
Deputy Superintendent, Pensions