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 Pension Plan for the Employees of Quetico Centre Registration Number 1121243.
Wind-up Customer Service Specialist
London Life Insurance Company
255 Dufferin Avenue
London, ON N6A 4K1
P.O. Box 1000
Atikokan, ON P0T 1C0
2096970 Ontario Ltd.
185 Chercover Drive
Thunder Bay, ON P7G 1A6
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 Pension Plan for the Employees of Quetico Centre (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective February 28, 2006 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.
All or a significant portion of the business carried on by the employer at a specific location was discontinued.
DATED at Toronto, Ontario, this 27th day of July, 2007
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services