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
Technician, Specialized Accounts Department
Group Retirement and Savings Department
Desjardins Financial Security
P.O.BOX 1355, Desjardins Station
Montreal QC H5B 1C4
Gamma Medica-Ideas (Canada) Inc.
1250, René-Lévesque Ouest
Montreal QC H3B 4Y1
Trustee of the Estate
1155 boul René-Lévesque Ouest
Montreal QC H3B 2J8
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
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services
© Queen's Printer for Ontario, 2015