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 H. J. Jones - Sons Limited Registration Number 267427
Consultant, Legislation and Plan Governance
The Standard Life Assurance Company
1245 Sherbrooke St. W.
Montreal, Quebec H3G 1G3
H.J. Jones-Sons Limited
P.O. Box 2905
London, ON N6A 4H9
Chester R. Szypula
Chartered Insolvency and Restructuring Professional
Senior Vice President
BDO Dunwoody Limited
Station Park, Suite 103
252 Pall Mall Street
London, ON N6A 5P6
NOTICE OF PROPOSAL
I PROPOSE TO MAKE AN ORDER under section 69 of the PBA that Pension Plan for the Employees of H. J. Jones - Sons Limited (the “Plan”) be wound up effective May 16, 2008
The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).
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 9th day of March, 2009
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.