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 the Pension Plan for Canadian Employee's of Gamma Medica-Ideas (Canada) Inc., Registration Number 1204445

 

TO:

Stefano D'alfonso
Technician, Specialized Accounts Department
Group Retirement and Savings Department
Desjardins Financial Security
P.O.BOX 1355, Desjardins Station
Montreal QC  H5B 1C4

Administrator

AND TO:

Sharon Eichner
Plan Administrator
Gamma Medica-Ideas (Canada) Inc.
1250, René-Lévesque Ouest
Bureau 2500
Montreal QC  H3B 4Y1

Employer

AND TO:

Jean-François Hamel
Trustee of the Estate
MNP Ltée.
1155 boul René-Lévesque Ouest
20e etage
Montreal QC  H3B 2J8

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 Canadian Employee's of Gamma Medica-Ideas (Canada) Inc., Registration Number 1204445 (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective March 11, 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 a result of the discontinuance or reorganization of all 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 12th day of May, 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