IN THE MATTER of the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the Act);
AND IN THE MATTER of a Proposal of the Superintendent of Financial Services to make an Order under section 69 of the Act, respecting the Pension Plan for Hourly Employees of Chun King Canada Inc. (the “Plan”) Registration Number 0597450.
David R. Kearney
Morneau Sobeco Limited Partnership
895 Don Millls Road, Suite 700
One Morneau Sobeco Centre
Toronto, ON M3C 1W3
Pension Plan Administrator
Chun King of Canada Inc.
1019 Elliot Street West
Windsor, ON N9A 5Z8
United Food and Commercial Workers Union Local 459
261 Erie Street
Leamington, ON N8H 3C4
NO request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the Act respecting a Notice of Proposal to make an Order to wind up the Plan.
IT IS THEREFORE ORDERED that the Plan be wound up in full effective December 1, 1991 and include the class of members whose employment terminated between September 11, 1991 and December 1, 1991 for the following reasons:
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 3rd day of May, 2006.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services