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 Refuse to Make an Order under section 87 of the PBA relating to the Colleges of Applied Arts and Technology Pension Plan, Registration Number 0589895.

TO:

K.A.

Applicant

AND TO:

Board of Trustees
Colleges of Applied Arts and Technology
2900 - 250 Yonge Street
PO Box 40
Toronto ON  M5B 2L7

Attention:
Evan Howard
Vice President, Pension Management

Plan Administrator

ORDER

ON OR ABOUT April 5, 2018, the Superintendent of Financial Services (the “Superintendent”) issued a Notice of Intended Decision (the “NOID”) to refuse to order the Board of Trustees of the Colleges of Applied Arts and Technology Pension Plan (“CAAT”) to continue indexation for pre-1992 service under the Colleges of Applied Arts and Technology Pension Plan, Registration No. 0589895 (the “Plan”), pursuant to section 87 of the PBA.

A REQUEST FOR HEARING dated April 23, 2018, was received by the Financial Services Tribunal (the “Tribunal”) from K.A. on April 24, 2018.

AN APPLICATION FOR PARTY STATUS was filed with the Tribunal by CAAT on May 9, 2018.

A PRE-HEARING CONFERENCE was held by the Tribunal on July 10, 2018. Full party status was ordered for CAAT.

A FURTHER PRE-HEARING CONFERENCE was held by the Tribunal on November 15, 2018.

A NOTICE OF INTENTION TO DISMISS the Request for Hearing was issued by the Tribunal on January 16, 2019.

THE TRIBUNAL DISMISSED the Request for Hearing on February 22, 2019.

I REFUSE TO ORDER CAAT to continue indexation for pre-1992 service under the Plan pursuant to section 87 of the PBA, for the reasons set out in the NOID.

DATED at Toronto, Ontario, this 4th day of June, 2019.

Original signed by

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

 

Queen's Printer for Ontario, 2019