Disclaimer
This is a reproduction of an ORDER as issued and is provided for reference purposes only. In the event of an inconsistency, the ORDER as issued takes precedence over this reproduction.

 

 
Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, (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 Pension Plan for Phibbs Incorporated, Registration  Number 0387472.

 

TO:

Jan Death
Manulife Financial
Group Retirement Solutions
25 Water Street South
P.O. Box 396, Stn. KC 6
Waterloo, ON N2J 4A9

Administrator

AND TO:

Karen E. Phibbs
Plan Administrator
Phibbs Incorporated
110 Edward Street
St. Thomas ON  N5P 3W8

Employer

AND TO:

Maxine Finnegan
BDO Canada Limited
103-252 Pall Mall St.
London ON  N6A 5P6

Receiver

 

ORDER

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 Intended Decision to make an Order to wind up the Pension Plan for Phibbs Incorporated, Registration Number 0387472 (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective November 30, 2011,  for following reasons:

The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).

 

DATED at Toronto, Ontario, on this 19th  day of March, 2013.

Original Signed By

John Avgeris
Director (Act), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services


© Queen's Printer for Ontario, 2013