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 Tiger Brand Knitting Company Ltd
. (the Plan) Registration Number 0310136.
Wind-up Customer Service Specialist
London Life Insurance Company
255 Dufferin Avenue
London, ON N6A 4K1
Tiger Brand Knitting Company Ltd.
96 Grand Ave. S.
Cambridge, ON N1R 5S9
Naveed Z. Manzoor
RSM Richter Inc.
200 King St. W., Suite 1100
Toronto, ON M5H 3T4
Trustee in Bankruptcy
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 April 22, 2005 for the following reasons:
There is a cessation or suspension of employer contributions to the pension fund.
The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).
DATED at Toronto, Ontario, this 20th day of March, 2006.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services