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 Staff Pension Plan for the Employees of A. Gledhill & Son Inc. (the “Plan”) Registration Number 0942953.
Plan Design Specialist
The Manufacturers Life Insurance Company
500 King Street North
P.O. Box 1602
Waterloo, ON N2J 4C6
633 Colborne Street
London, Ontario N6A 2V3
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 February 28, 1990 for the following reasons:
There is a cessation or suspension of employer contributions to the pension fund.
DATED at Toronto, Ontario, this 3rd day of May, 2006.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services