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 the Employees of Moloney Electric Inc., Registration Number 0279026.

TO:

London Life Insurance Company, a subsidiary of
The Great-West Life Assurance Company
255 Dufferin Avenue
London ON N6A 4K1

Attention:

Deborah Thompson
Plan Administrator

AND TO:

Moloney Electric Inc.
312, Embassy Wood, Cunningham Road
Bangalore, Karnataka
India

dhruvatal@upt.in

Attention:

Dhruva Talwalkar
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 Moloney Electric Inc., Registration Number 0279026 (the “Plan”).

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE ORDERS that the Plan be wound up in full under section 69 of the PBA effective March 31, 2016, for the reasons set out in the Notice of Intended Decision.

DATED at Toronto, Ontario this 3rd day of February, 2017.

Original signed by

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