O-I Canada Corp. - April 5, 2007

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 O-I Canada Corp. Pension Plan I (the Plan), Registration Number 0242008.

 

 

TO:

O-I Canada Corp.
777 Kipling Avenue
Toronto, ON   M8Z 5Z4

 

Attention:             

Rosemary Egremont
Senior Specialist Pension & Benefits  

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 O-I Canada Corp., as at December 31, 2005 in the amount of $1,761,600 plus interest to the date of payment.

 

 

REASONS:

  1. O-I Canada Corp. is the employer as defined in the Plan.

  2. As a result of an administrative error, contributions attributable to O-I Canada Corp. Pension Plan II have been deposited 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 to my attention.

In accordance with section 105(1) of the PBA, an extension of the time limit under section 78(4) has been given.

 

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 5th day of April, 2007

 

 

 

___________________________
K. David Gordon
Deputy Superintendent, Pensions

 

Ms. Roberta Bixhorn, Owens Illinois
Ms. Katherine Brazel, Towers Perrin

*        NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the seventh day after the date of mailing.


 
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