Pension Plan for the Employees of  BLP Bronze International Ltd. - April 8, 2009.

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  BLP Bronze International Ltd. Registration Number 1082999

TO:

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

Administrator

AND TO:

Andrew M. Krawczyk
Adinistrator
BLP Bronze International
260 Bartley Drive
Toronto, ON M4A 1G5

Employer

AND TO:

Jerry Henechowicz
Vice President
The Fuller Laudau Group
151 Bloor Street West
12th Floor
Toronto, ON M5S 1S4

Trustee in Bankruptcy

 

ORDER

No request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA respecting a Notice of Proposal to make an Order to wind up the Pension Plan for the Employees of BLP Bronze International Ltd.  (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective April 30, 2007 for the following 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.

The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).

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.

 

DATED at Toronto, Ontario, this 8th day of April, 2009.       

_________________________________________

Brian Mills
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

               

                                                                                                                                               

 

 



 
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