Pension Plan for Tiger Brand Knitting Company Ltd. - March 20, 2006

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.

TO:

Darlene Sundercock
Wind-up Customer Service Specialist
London Life Insurance Company
255 Dufferin Avenue
London, ON N6A 4K1

Administrator

AND TO:

Barbara Braniff
Administrator
Tiger Brand Knitting Company Ltd.
96 Grand Ave. S.
Box 188
Cambridge, ON N1R 5S9

Employer

AND TO:

Naveed Z. Manzoor
RSM Richter Inc.
200 King St. W., Suite 1100
Toronto, ON M5H 3T4

Trustee in Bankruptcy

ORDER

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.

Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 
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