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 the Employees of Seville Packaging Inc., Registration Number 1080837.
Wind-up Customer Service Specialist
Great West Life Assurance Company
255 Dufferin Avenue
London, ON N6A 4K1
Seville Packaging Inc.
1285 Midway Blvd.
Mississauga ON L5T 2G8
SF Partners Inc.
4950 Yonge Street, 4th Floor
Toronto ON M2N 6K1
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 the Employees of Seville Packaging Inc., Registration Number 1080837 (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective April 30, 2012, for following reasons:
There was a cessation or suspension of employer contributions to the pension fund.
Failure of employer to make contributions to the pension fund as required by the Act or the Regulations.
A significant number of members have ceased to be employed by the employer as a result of the discontinuance or reorganization of all part of business of the employer.
All or significant part of the business has been discontinued at a specific location.
DATED at Toronto, Ontario, on this 6th day of March, 2013.
Original Signed By
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services
© Queen's Printer for Ontario, 2013