		Advanced Search
		Home \| Sitemap \| Forms \| Online Services \| Français \| Contact

Insurance Pensions Hearings & Decisions Licensing & Registration Who We Regulate About FSCO Publications

dots
Pension Bulletin Online
dots
About Pensions
dots
Pension Plan Information Access
dots
What's New in Pensions?
dots
Locked-In Accounts
dots
Financial Hardship Unlocking
dots
Consumer Information
dots
Pension Policies
dots
Ongoing Pension Issues
dots
Consultations and Proposed Legislation
dots
Pension Decisions
dots
Pension Brochures
dots
Filing Information for Pension Plan Administrators
dots
Pension Forms
dots
Schedule of Required Fees
dots
Statutes and Regulations
dots
Enforcement Activities
dots

Pension Plan for Hourly Employees of Electrohome Ltd. - January 23, 2006

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the Act);

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under subsection 78(1) of the Act consenting to a payment out of the Pension Plan for Hourly Employees of Electrohome Limited , Registration Number 0551788.

TO:

Electrohome Limited
809 Wellington Street North
Kitchener ON N2G 4J6

Attention:

Mr. Gary Dumoulin
Vice President and Secretary

Applicant and Employer

CONSENT

ON or about October 26, 2005, the Superintendent of Financial Services caused to be served on Electrohome Limited a Notice of Proposal dated October 26, 2005 to consent, pursuant to subsection 78(1) of the Act, to the payment out of the Pension Plan for Hourly Employees of Electrohome Limited , Registration Number 0551788, to Electrohome Limited in the amount of $440,000 as at April 30, 2001 adjusted for expenses and investment income.

NO NOTICE requiring a hearing was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by subsection 89(6) of the Act.

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE CONSENTS to the payment out of the Pension Plan for Hourly Employees of Electrohome Limited , Registration Number 0551788, to Electrohome Limited in the amount of $440,000 as at April 30, 2001 adjusted for expenses and investment income.

THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that
all benefit and benefit enhancements pursuant to the surplus distribution agreement and any other payment to which the members, former members and any other persons entitled to payments have been paid, purchased or otherwise provided for.

DATED at Toronto, Ontario, this 23rd day of January, 2006.

Tom Golfetto,
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services