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, 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 Pension Plan for the Employees of Komtech Enterprises Limited, Registration Number 1046713


TO:

Deborah Thompson
Wind-up Customer Service Specialist
Great West-Life Assurance Company
255 Dufferin Avenue
London, ON N6A 4K1

Administrator

AND TO:

Hari Raghavan
Aministrator
Komtech Enterprise Limited
Unit G, 925 Broack Road
Pickering ON  L1W 2X9

Employer

AND TO:

Adam Erlich
Manager, Restructuring & Insolvency
The Fuller Group Landau Group Inc.
151 Bloor Street W, 12th Floor
Toronto ON  M5S 1S4

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 the Employees of Komtech Enterprises Limited, Registration Number 1046713 (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective September 18, 2013,  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.

 

DATED at Toronto, Ontario, this 4th day of September, 2014.

Original Signed By

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

 

© Queen's Printer for Ontario, 2014