Pension Plan for the Employees of the Ontario Public Service Employees Union - March 17, 2009.

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8 (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 Pension Plan for the Employees of the Ontario Public Service Employees Union (the Plan), Registration Number 339861.

TO:

Ontario Public Service Employees Union
Board of Trustees
c/o Eckler Partners Ltd.
110 Sheppard Ave. East, Suite 900
Toronto ON  M2N 7A3

Attention:     

Ms. Catherine Robertson

 

ORDER

No Notice requiring a hearing was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by section 89(6) of the PBA.

IT IS THEREFORE ORDERED to consent to the payment, out of the Plan, to Ontario Public Service Employees Union, as at December 27, 2007 in the amount of $10,144.72 plus interest to the date of payment for the following reasons:

  1. Ontario Public Service Employees Union is the employer as defined in the Plan.

  2. As a result of an administrative error, the employer continued to remit contributions for two employees who were on a leave of absence during the period April 23, 2007 to December 27, 2007.

  3. Evidence of the overpayment to the fund has been submitted to the Financial Services Commission of Ontario.

DATED at Toronto, Ontario, this 17th day of March, 2009.

___________________________________________

Toni Mancini
Director (Acting), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services



 
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