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Family Services, Hamilton - August 30, 2006
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 Proposal of the Superintendent of Financial Services to make an Order under section 69 of the PBA, respecting the Pension Plan for the Employees of Family Services, Hamilton Registration Number 1032374
TO:
Dominic Muro
Consultant, Legislation and Plan Governance
The Standard Life
1245 Sherbrooke Street West
Montreal, Quebec H3G 1G3
Administrator
AND TO:
Charlene Klynstra
Plan Administrator
Family Services, Hamilton
105 Main Street East, Siute 101
Hamilton, ON L8N 1G6
Employer
AND TO:
Trevor B. Pringle
BDO Dunwoody limited
25 Main Street West, Suite 805
Hamilton, ON L8P 1H1
Trustee in Bankruptcy
ORDER
NO request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the Act respecting a Notice of Proposal to make an Order to wind up the Pension Plan for the Employees of Family Services, Hamilton (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective March 17, 2006 for the following reasons:
The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).
DATED at Toronto, Ontario, this 30th day of August, 2006
Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services
Financial Services Commission of Ontario