Pension Plan for the Employees of Idlewyld Manor (the Plan) - January 4, 2007

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 Idlewyld Manor (the Plan), Registration Number 0957837.

TO:

Dave Drywood
Manager Financial Services
Idlewyld Manor
449 Sanatorium Rd
Hamilton, ON L9C 2A7

 

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 Idlewyld Manor, as at December 31, 2004 in the amount of $7,267.82 plus interest to the date of payment for the following reasons:

  1. Idlewyld Manor is the employer as defined in the Plan.

  2. An audit of 2005 pension contributions revealed an overpayment for December 2004.

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

  4. The application appears to comply with section 78(4) of the PBA.

DATED at Toronto, Ontario, this 4th day of January, 2007

 


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


 
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