Disclaimer
This is a reproduction of a 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 Brains II, Inc., Registration Number 0386359.

 

TO:

Claire Mroz
Principal
Mercer (Canada) Limited
120 Bremner Boulevard
Suite 800
Toronto ON  M5J 0A8

Administrator

AND TO:

Charles Hanna
President
Brains II, Inc.
165 Konrad Crescent
Markham ON  L3R 9T9

Employer

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 Brains II, Inc., Registration Number 0386359 (the “Plan”).

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE ORDERS that the Plan be wound up in full under section 69 of the PBA effective January 31, 2014,for the reasons set out in the Notice of Intended Decision.

DATED at Toronto, Ontario this 10th day of April, 2017.

Original signed by

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

 

© Queen's Printer for Ontario, 2017