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
The Great-West Life Assurance Company
255 Dufferin Avenue
London ON N6A 4K1
Continental Mushroom Corp. (1989) Ltd.
PO Box 520
Metcalfe ON K0A 2P0
Senior Vice President/Partner
BDO Canada Limited
903-200 Elgin Street
Ottawa ON K2P 1L5
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
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services