Brown's Concrete Products Limited - September 4, 2007

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 by the Superintendent of Financial Services to make an Order under section 78(4) of the PBA consenting to a payment out of the Employee Retirement Plan of Brown's Concrete Products Limited (the Plan), Registration Number 1012558.

TO:

Brown's Concrete Products Limited
3075 Herold Drive
Sudbury, ON 
P3E 6K9

Attention: Richard M. Plaunt

Controller

 

NOTICE OF PROPOSAL

 

I PROPOSE TO MAKE AN ORDER under section 78(4) of the PBA, consenting to the payment out of the Plan, to Brown's Concrete Products Limited, as at February 14, 2006 in the amount of $1,788.12 plus interest to the date of payment.

REASONS:

  1. Brown's Concrete Products Limited is the employer as defined in the Plan.

  2. As a result of an administrative oversight, contributions were made to the Plan by the employer in 2006, in respect of a member for whom a separate Individual Pension Plan had been established as at January 1, 2006, under Registration Number 1151869.

  3. Evidence of the overpayment to the fund has been submitted to the Financial Services Commission of Ontario.

  4. Such further and other reasons as may come to my attention.

 

 

 

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Proposal is served on you.*

 

YOUR WRITTEN NOTICE must be delivered to:

 

Financial Services Tribunal
5160 Yonge Street
14th Floor
Toronto, Ontario
M2N 6L9

Attention: The Registrar

 

 

FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone  at 416- 590-7294,  toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.

IF YOU FAIL TO REQUEST A HEARING WITHIN THIRTY (30) DAYS, I MAY CARRY OUT THE PROPOSAL AS DESCRIBED IN THIS NOTICE.

 

 

DATED at Toronto, Ontario, this 4th day of September, 2007

 

 


_____________________________

K. David Gordon
Deputy Superintendent, Pensions


* NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the seventh day after the date of mailing.

 
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