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 the Employees of First Nickel Inc., Registration Number  1167451.

TO:

Deborah Thompson
Wind-up Customer Service Specialist
The Great-West Life Assurance Company
255 Dufferin Avenue
London ON  N6A 4K1

Administrator

AND TO:

Alfred Colas
Administrator
First Nickel Inc.
206-120 Front St. E.
Toronto ON  M5A 4L9

Employer

AND TO:

David Sieradzki
Managing Director
KSV KOFMAN Inc.
2308 – 150 King Street West
Toronto ON  M5H 1J9

Receiver

AND TO:

Ann Marie MacInnis
President
Sudbury Mine, Mill & Smelter Workers Union
Local 598/Unifor
2550 Richard Lake Road
Sudbury ON  P3G 0A3

Union Representative 

ORDER

NO REQUEST FOR HEARING (Form 1) 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 the Employees of First Nickel Inc., Registration Number 1167451 (the “Plan”).

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE ORDERS that the Plan be wound up in full under section 69 of the PBA effective August 20, 2015 for the reasons set out in the Notice of Intended Decision.

DATED at Toronto, Ontario, this 6th day of April, 2016. 

Original Signed By

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

© Queen's Printer for Ontario, 2016