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 Employees of Nadeau et Fils 1354342 Ontario Inc. (the Plan) Registration Number 1085372.
Plan Design Specialist
P. O. Box 396
Delivery Station KC6
Waterloo, ON N2J 4A9
Nadeau et Fils 1354342 Ontario Inc.
P.O. Box 166
Elk Lake, ON P0J 1G0
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 March 31, 2003 for the following reasons:
There is a cessation or suspension of employer contributions to the pension fund.
The employer fails to make contributions to the pension fund as required by this Act.
The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).
DATED at Toronto, Ontario, this 7th day of March, 2006.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services