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 Pension Plan for the Employees Idlewyld Manor (the Plan) , Registration Number 0957837.
Manager of Financial Services
449 Sanatorium Rd
Hamilton, ON L9C 2A7
NOTICE OF PROPOSAL
I PROPOSE TO MAKE AN ORDER under s. 78(4) of the Act, consenting to the payment, out of the Pension Plan for the Employees Idlewyld Manor, to Idlewyld Manor, as at September 30, 2004 in the amount of $6,822.20 plus interest to the date of payment for the following reason and such further reasons that may come to my attention:
- Idlewyld Manor is the employer as defined in the Plan.
- As a result of an audit of 2004 pension contributions which revealed an overpayment for August and September of 2004.
- 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 4th 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.