Ontario Coat of Arms
 
Financial Services
Commission
of Ontario

5160 Yonge Street,
Box 85
Toronto ON  M2N 6L9

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 Notice of Intended Decision of the Superintendent of Financial Services to make an Order under section 69 of the PBA,respecting the Contributory Pension Plan for Bargaining Unit Employees of Fibrex Insulations, Inc. Registration Number  0353235

 

TO:

Niranja S. Bahi
Consultant
Morneau Shepell Ltd.
895 Don Mills Road
Tower One, Suite 700
Toronto ON M3C 1W3

Administrator

AND TO:

Raelene Peseski
Manager, Human Resources
Fibrex Insulations Inc.
561 Scott Road
Sarnia ON N7T 7L4

Employer

AND TO:

John Adamson
Adamson & Associates Inc.
142 Centre Street
St. Thomas ON N5R 3A3

Trustee in Bankruptcy

AND TO:

Barry E. Wadsworth
Associate Counsel
The National Automobile, Aerospace, Transportation & General Workers Union of Canada (C.A.W.), Local 456
205 Placer Court
Toronto ON M2H 3H9

Union Representative

AND TO:

Stephen Ferguson
Senion Manager
Alvarez & Marsal Canada Inc.
Royal Bank Plaza, South Tower
200 Bay Street, Suite 2900
Toronto On M5J 2J1

Receiver

 

ORDER

NO REQUEST OR HEARING was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA respecting the Notice of Intended Decision to make an order, under section 69 of the PBA, to wind up the Contributory Pension Plan for Bargaining Unit Employees of Fibrex Insulations, Inc., Registration Number 0353235 (the “Plan”)  .

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE ORDERS that the Plan be wound up in full under section 69 of the PBA effective January 12, 2011, and include the class of Plan members whose employment of Plan membership terminated during the period December 24, 2010 to January 12, 2011. for the reasons set out in the Notice of Intended Decision.


DATED at Toronto, Ontario, this 24th day of August, 2012.

 

Original Signed By

Brian Mills
Director, Pension Plans Branch by Delegated Authority from the Superintendent of Financial Services


© Queen's Printer for Ontario, 2012