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 Employee Retirement Plan for the Employees of Continental Mushroom Corp. (1989) Ltd., Registration  Number 0924779

 

TO:

Deborah Thompson
Training Specialist
The Great-West Life Assurance Company
255 Dufferin Avenue
London ON  N6A 4K1

Administrator

AND TO:

Sandra Pora
Administrator
Continental Mushroom Corp. (1989) Ltd.
PO Box 520
Metcalfe ON  K0A 2P0

Employer

AND TO:

John Haralovich
Senior Vice President/Partner
BDO Canada Limited
903-200 Elgin Street
Ottawa ON  K2P 1L5

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 Employee Retirement Plan for the Employees of Continental Mushroom Corp. (1989) Ltd., Registration Number 0924779 (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective August 19, 2014,  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 the result of the discontinuance or reorganization of all or part of business of the employer.

All or a significant part of the business has been discontinued at a specific location.


DATED at Toronto, Ontario, this 25th day of March, 2015.

Original Signed By

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

© Queen's Printer for Ontario, 2015