The Colleges of Applied Arts and Technology - March 15, 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 87 of the PBA that the Administrator of The Colleges of Applied Arts and Technology Pension Plan, Registration Number 0589895 comply with section 8(1)(e) of the PBA.

 

TO:                

Ontario College Retirees’ Association
111 Merton Street, #410
Toronto, ON  M4S 3A7

Attention:         

Robert Pando
President

Applicant

 

 

AND TO:       

Colleges of Applied Arts and Technology Pension Plan
2 Queen Street East, Suite 1400
Toronto, ON M5C 3G7

Attention:       

Paul E. Owens
Plan Manager & CEO

Administrator

 

Fred Fotopoulos
Director, Finance

          Board of Trustees

 


ORDER

ON or about November 9, 2006, the Superintendent of Financial Services (the “Superintendent”) issued a Notice of Proposal (the “NOP”) proposing to make an order that the Board of Trustees (the “Board”) of The Colleges of Applied Arts and Technology Pension Plan (the “Plan”) modify the composition of the Board to comply with section 8(1)(e) of the PBA.

 

A REQUEST FOR hearing before the Financial Services Tribunal was not made within the time limits set out in section 89(6) of the PBA.

THEREFORE, for the reasons set out in the NOP, it is ordered that the Board modify the composition of the Board to comply with section 8(1)(e) of the PBA

 

DATED at Toronto, Ontario, this 15th day of March, 2007

 

_____________________________  
Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Service

 

CC:

 

TO:                 

Bellmore & Moore
Barristers
393 University Avenue, Suite 1600
Toronto, ON   M5G 1E6

Attention:          Brian P. Bellmore

Counsel for the Applicant

AND TO:        

Gowling Lafleur Henderson LLP
1 First Canadian Place
100 King Street West, Suite 1600
Toronto, ON M5X 1G5

Attention:         

Daniel R. Hayhurst
Counsel for the Administrator

 

 
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