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 Northern Breweries Ltd. and Doran's Beverages Inc. Wage Rate Employees' Pension Plan Registration Number 0210872
Northern Breweries Ltd.
503 Bay Street
Sault Ste. Marie, ON P6A 1X6
Administrator and Employer
Head, Compliance Canada
RBC Dexia Investor Services Trust
77 King Street West, 12th Floor
P.O. Box 7500, Station "A"
Toronto, ON M5W 1P9
Trustee in Bankruptcy
J Cameron Nelson
SEIU Local 2 Brewery, General and Professional Workers Union
238 Jane Street
Toronto, ON M6S 3Z1
No request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA requesting a Notice of Proposal to make an Order to wind up the Northern Breweries Ltd. and Doran's Beverages Inc. Wage Rate Employees' Pension Plan (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective June 30, 2006 for the following reasons:
- The employer failed to make contributions to the pension fund as required by the PBA.
DATED at Toronto, Ontario, this 14th day of August, 2008.
Director(Acting), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services