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 Retirement Plan for Employees of City Welding (Sudbury) Limited (the Plan), Registration Number 0419994.
City Welding (Sudbury) Limited
939 Elisabella Street
Sudbury, ON P3A 5K1.
NOTICE OF PROPOSAL
I PROPOSE TO MAKE AN ORDER under s. 78(4) of the Act, consenting to the payment, out of the Plan, to City Welding (Sudbury) Limited, as at May 31, 2005 in the amount of $13,750.00 plus interest to the date of payment for the following reason and such further reasons that may come to my attention:
- City Welding (Sudbury) Limited is the employer as defined in the Plan.
- As a result of contributions being made to the Plan, as well as to two separate Individual Pension Plans established January 1, 2005 for Georges Brouillette and Gisele Brouillette.
- Evidence of the overpayment to the fund has been submitted to the Financial Services Commission of Ontario.
- There were no member submissions made about the repayment.
- The application appears to comply with section 78(4) of the Act.
YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the Tribunal) pursuant to subsection 89(6) of the Act if, within thirty (30) days after this Notice of Proposal is served on you, you deliver to the Tribunal a written notice that you require a hearing.
Your written notice requiring a hearing must be delivered to:
Financial Services Tribunal
14th Floor, 5160 Yonge Street
North York ON M2N 6L9
Attention: The Registrar
IF YOU DO NOT DELIVER TO THE TRIBUNAL, WITHIN THIRTY (30) DAYS FROM THE DATE THIS NOTICE OF PROPOSAL IS SERVED ON YOU, A WRITTEN NOTICE THAT YOU REQUIRE A HEARING, I MAY MAKE THE ORDER PROPOSED HEREIN.
DATED at Toronto, Ontario, this 7th day of March, 2006.
K. David Gordon
Deputy Superintendent, Pensions
*NOTE—PURSUANT to section 112 of the Act any notice, order or other document is sufficiently given, served, or delivered if delivered personally or sent by first class mail and any document sent by first class mail shall be deemed to be given, served, or delivered on the seventh day after mailing.