Financial Services Commission of Ontario

Subscribe to Pension e-Bulletin
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 Employees of Nadeau et Fils 1354342 Ontario Inc. - March 7, 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 of the Superintendent of Financial Services to make an Order under section 69 of the Act, respecting the Pension Plan for Employees of Nadeau et Fils 1354342 Ontario Inc. (the Plan) Registration Number 1085372.

TO:

Melissa Lambert
Plan Design Specialist
Manulife Financial
P. O. Box 396
Delivery Station KC6
Waterloo, ON N2J 4A9

Administrator



AND TO:

Benoit Nadeau
President
Nadeau et Fils 1354342 Ontario Inc.
P.O. Box 166
Elk Lake, ON P0J 1G0

Employer

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 Plan.

IT IS THEREFORE ORDERED that the Plan be wound up in full effective March 31, 2003 for the following reasons:


There is a cessation or suspension of employer contributions to the pension fund.

The employer fails to make contributions to the pension fund as required by this Act.

The employer is bankrupt within the meaning of the Bankruptcy and Insolvency Act (Canada).

DATED at Toronto, Ontario, this 7th day of March, 2006.

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