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 Retirement Plan for the Employees of Carnarvon Building Supplies Ltd. Registration Number 1040518.
Wind-up Customer Service Specialist
London Life Insurance Company
255 Dufferin Avenue
London, ON N6A 4K1
Carnarvon Building Supplies Ltd.
Carnarvon, ON K0M 1J0
Deloitte & Touche Inc.
181 Bay Street, Siute 1400
Toronto, ON M5J 2V1
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 Retirement Plan for the Employees of Carnarvon Building Supplies Ltd. (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective May 17, 2002 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.
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.
DATED at Toronto, Ontario, this 6th day of July 2007.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services