Quetico Centre - June 11, 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 of the Superintendent of Financial Services to make an Order under section 69 of the PBA, respecting the Pension Plan for the Employees of Quetico Centre Registration Number 1121243

 

 

TO:                        

Darlene Sundercock
Wind-up Customer Service Specialist
London Life Insurance Company
255 Dufferin Avenue
London, ON N6A 4K1

 

Administrator

 

AND TO:              

Ann Ralph
Administrator
Quetico Centre
P.O. Box 1000
Atikokan, ON P0T 1C0

Employer

 

AND TO:              

David O’Brien
President
2096970 Ontario Ltd.
185 Chercover Drive
Thunder Bay, ON P7G 1A6

 

Receiver                

 

 

NOTICE OF PROPOSAL

 

I PROPOSE TO MAKE AN ORDER under section 69 of the PBA that Pension Plan for the Employees of Quetico Centre (the “Plan”) be wound up effective February 28, 2006.

       

REASONS:

  • There was a cessation or suspension of employer contributions to the pension fund.

 

  • The employer failed to make contributions to the pension fund as required by the PBA.

  • A significant number of members of the pension plan ceased to be employed by the employer as a result of the discontinuance of all or part of the business of the employer or as a result of the reorganization of the business of the employer.

 

  • All or a significant portion of the business carried on by the employer at a specific location was discontinued.

 

  • 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  June 11th day of  June, 2007

 

 

________________________________
K. David Gordon
Deputy Superintendent, Pensions                                                                        

 

*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.


 
Follow FSCO on social media  

Outage  Scheduled Online Service Disruption Notice
Please consult our outage schedule for more details.