Blowtherm Canada, Inc. Hourly Employees' Pension Plan - March 20, 2009.

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

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under section 78(4) of the PBA consenting to a payment out of the Blowtherm Canada, Inc. Hourly Employees' Pension Plan (the Plan), Registration Number 0241265.                   

TO:

Global Finishing Solutions Canada, Inc 
565 Bryne Drive, Unit F     
Barrie, ON  L4N 9Y3

Attention:

Ms. Judi Hunter
Human Resources, Manager    

 

 

NOTICE OF PROPOSAL

I PROPOSE TO MAKE AN ORDER under section 78(4) of the PBA, consenting to the payment, out of the Plan to Global Finishing Solutions Canada, Inc., as at October 7, 2008 in the amount of $592,800 plus interest to the date of payment.

REASONS:

  1. Global Finishing Solutions Canada, Inc. is the employer as defined in the Plan.

  2. As a result of an administrative error, contributions intended for the Blowtherm Canada, Inc. Salaried Employees' Pension Plan, Registration No. 0241257 were made to the Plan.

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

  4. Such further and other reasons as may come to my attention.

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Proposal is served on you.*

 

YOUR WRITTEN NOTICE must be delivered to:

Financial Services Tribunal
5160 Yonge Street
14th Floor
Toronto, Ontario
M2N 6L9

Attention: The Registrar

 

FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone at 416- 590-7294, toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.

IF YOU FAIL TO REQUEST A HEARING WITHIN THIRTY (30) DAYS, I MAY CARRY OUT THE PROPOSAL AS DESCRIBED IN THIS NOTICE.

 

DATED at Toronto, Ontario, this 20th day of March, 2009.

_____________________________________________

K. David Gordon
Deputy Superintendent, Pensions



 
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