Pension Plan for the Salaried Employees of Signature Aluminum Canada Inc., Registration Number 0311035

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 83 of the PBA, respecting the Pension Plan for the Salaried Employees of Signature Aluminum Canada Inc., Registration Number 0311035




Alicia Westmaas

Associate Consultant

Morneau Shepell Ltd.

895 Don Mills Road, Tower One

Suite 700

Toronto ON  M3C 1W3






Parminder Punia

Canadian Controller

Signature Aluminum Canada Inc.

1850 Clements Road

Pickering ON   L1W 3R8                               






Nigel Meakin

FTI Consulting Canada Inc.

TD Waterhouse Tower

Suite 2010, P.O. Box 104

Toronto ON  M5K 1G8





Kerry Zanetti
Trust Administrator
Canadian Western Trust Company
600-750 Cambie Street
Vancouver BC V6B 0A2






I INTEND TO MAKE AN ORDER under section 83 of the PBA declaring that the Pension Benefits Guarantee Fund applies to the Pension Plan for the Salaried Employees of Signature Aluminum Canada Inc, Registration Number 0311035 (the “Plan”).




  1. The Plan is registered under the PBA.
  2. The Plan provides defined benefits that are not exempt from the application of the Pension Benefits Guarantee Fund by the PBA or the Regulations made thereunder.
  3. The Plan was wound up effective May 10, 2010.

  4. There are reasonable and probable grounds that the funding requirements of the PBA and regulations cannot be satisfied. Based on the latest actuarial certification, there is an estimated claim against the Pension Benefits Guarantee Fund of $3,340,800 as at December 31, 2011. If funds become available from the estate of the employer, the administrator will be required to make an appropriate refund of any allocation amount received by the Plan from the Pension Benefits Guarantee Fund.

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Intended Decision is served on you.1

            YOUR WRITTEN NOTICE must be delivered to:
            Financial Services Tribunal
            5160 Yonge Street
            14th Floor
            Toronto, Ontario
            M2N 6L9
Attention: The Registrar
FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at or contact the Registrar of the Tribunal by phone  at 416- 590-7294,  toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.
If you fail to request a hearing within thirty (30) days, I may carry out the intended decision as described in this notice.


DATED at Toronto, Ontario, this 18th day of April, 2012.  


K. David Gordon
Deputy Superintendent, Pensions

 1     NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the fifth day after the date of mailing.




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