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 Hospitals of Ontario Pension Plan (the Plan) , Registration Number 346007.
Hospitals of Ontario Pension Plan
1 Toronto Street, Suite 1400
Toronto ON M5C 3B2
Senior Policy Advisor (Acting)
NOTICE OF PROPOSAL
I PROPOSE TO MAKE AN ORDER under s. 78(4) of the Act, consenting to the payment, out of the Hospitals of Ontario Pension Plan, to the Schizophrenia Society of Ontario, as at December 31, 2004 in the amount of $4,929.72 plus interest to the date of payment for the following reason and such further reasons that may come to my attention:
- Hospitals of Ontario Pension Plan is the employer as defined in the Plan.
- As a result of the participating employer's termination, a reconciliation of the plan revealed an over contribution.
- 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.
In accordance with subsection 105.(1) of the Act, an extension of the time limit under subsection 78(4) has been given.
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 3rd day of January 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.