Servifood Ltd. Pension Plan - February 27, 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 an Order made by the Superintendent of Financial Services under section 83 of the Act, respecting the Servifood Ltd. Pension Plan (the Pension Plan), Registration Number 684225.

TO:

David R. Kearney
Morneau Sobeco
895 Don Mills Road, Suite 700
1 Morneau Sobeco Centre
Toronto, ON M3C 1W3

Administrator

AND TO:

Real Morin
President
Servifood Ltd.
180 blvd. Rene Levesque Est
Suite 408
Montreal, Quebec H2X 1N6

Employer


AND TO:

Ronald P. Gagnon, LL.B.
Senior Manager, Financial Advisory
Samson Belair/Deloitte & Touche Inc.
1111 rue St.-Charles Ouest Bureau 550 - Tour Est
Longueuil, Quebec J4K 5G4

Trustee in Bankruptcy



AND TO:

Charlie Renaud
Service Employees International Union (Local 204)
2180 Steeles Avenue W. , Suite 200
Concord, ON L4K 2Z5

Union Representative


ALLOCATION

WHEREAS on February 21, 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 $1,024,100 which together with the Ontario assets of the Pension 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 27th day of February, 2006.

K. David Gordon
Deputy Superintendent, Pensions

 
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