Pension Enforcement Action

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 Universal Handling Equipment Company Limited, Registration Number 0382515.

TO:

Amee Wadman
Senior Regulatory Analyst
Morneau Shepell
895 Don Mills Road, Tower One
Suite 700
Toronto ON M3C 1W3

Administrator

AND TO:

Amanda Freeman
Chief Financial Officer
Universal Handling Equipment Company Limited
100 Burland Crescent
Hamilton ON L8H 7T5

Employer

AND TO:

Brad Newton
Vice President, Advisory Services
KPMG
700-21 King Street West
Hamilton ON L8P 4W7

Trustee in Bankruptcy

AND TO:

Frank Arcuri
United Steel, Paper and Forestry, Rubber, Manufacturing,
Energy, Allied Industrial and Service Workers
International Union (USW)
1031 Barton Street East
Hamitlon ON L8L 3E3

Union Representative

ORDER

NO REQUEST FOR HEARING was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA respecting the Notice of Intended Decision to make an order, under section 69 of the PBA, to wind up the Pension Plan for Universal Handling Equipment Company Limited, Registration Number 0382515 (the “Plan”).

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE ORDERS that the Plan be wound up in full under section 69 of the PBA effective December 5, 2014 for the reasons set out in the Notice of Intended Decision.

DATED at Toronto, Ontario, this 9th day of September, 2015.

Original Signed By

Gino Marandola
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services