Staff Pension Plan for Employees of National Business Systems Inc. - December 10, 2008.

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

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under section 78(1) of the PBA consenting to a payment out of the Staff Pension Plan for Employees of National Business Systems Inc. (the Plan), Registration Number 0016177.

TO:

NBS Technologies Inc.
703 Evans Avenue, Suite 400
Toronto  ON  M9C 5E9

Attention:

Bryan Hills
Chief Financial Officer

Applicant and Employer

 

 

CONSENT

On or about October 22, 2008 the Superintendent of Financial Services caused to be served on NBS Technologies Inc. a Notice of Proposal dated October 22, 2008 to consent, pursuant to section 78(1) of the PBA, to payment out of the Staff Pension Plan for Employees of National Business Systems Inc., Registration No. 0016177, to NBS Technologies Inc. in the amount of $13,954.20 as at January 31, 1986 and to be further adjusted to the actual date of payment for income and expenses associated with the surplus distribution process.

No Notice requiring a hearing was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by section 89(6) of the PBA.

THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE CONSENTS to the payment out of the Staff Pension Plan for Employees of National Business Systems Inc., Registration Number 0016177, to NBS Technologies Inc. in the amount of $13,954.20 as at January 31, 1986 and to be further adjusted to the actual date of payment for income and expenses associated with the surplus distribution process.

 

 

DATED at Toronto, Ontario, this 10th day of December 2008.                

 

 

__________________________________________

Toni Mancini
Director(Acting), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 
Follow FSCO on social media  

Outage  Scheduled Online Service Disruption Notice
Please consult our outage schedule for more details.