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 Employees of The Ravelston Corporation Limited, Registration Number 219006.
Morneau Sobeco Partnership Limited
895 Don Mills Road, Suite 700
One Morneau Sobeco Centre
Toronto ON M3C 1W3
10 Toronto Street Inc.
c/o William E. Aziz
Chief Financial Officer
120 Adelaide Street West
Toronto ON M5H 1T1
RSM Richter Inc.
200 King Street West
Toronto ON M5H 3T4
Interim Receiver, Receiver and Manager,
and Monitor for Ravelston Corporation Limited
NOTICE OF PROPOSAL
I PROPOSE TO MAKE AN ORDER under section 69 of the PBA that the Pension Plan for Employees of The Ravelston Corporation Limited (the “Plan”) be wound up effective December 31, 2005. The Administrator must distribute a copy of this Notice of Proposal to all members, former members or other persons having a benefit or entitlement payable from the Plan as at December 31, 2005.
REASONS FOR THE ORDER:
- There was a cessation or suspension of employer contributions to the pension fund.
- 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
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 27th day of July, 2007.
K. David Gordon
Deputy Superintendent, Pensions
Stephanie J. Kalinowski
Hicks, Morley, Hamilton, Stewart, Storie LLP
Toronto Dominion Tower, 30th floor
Box 371, T-D Centre
Toronto ON M5K 1K8
Counsel for 10 Toronto Street Inc.
Osler, Hoskin, Harcourt LLP
Box 50, 1 First Canadian Place
Toronto ON M5X 1B8
Counsel for Morneau Sobeco Partnership Limited
*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.