Pension Plan for the Salaried Employees of Hamilton Specialty Bar Corporation - June 27, 2008.

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 Salaried Employees of Hamilton Specialty Bar Corporation Registration  Number: 1122415

TO:

Dominic Muro
Consultant, Legislation and Plan Governance
Standard Life Assurance Company of Canada
1245 Sherbrooke St. W.
Montreal, Quebec H3G 1G3

Administrator

AND TO:

Dunlop Hamish
Plan Administrator
Hamilton Speciality Bar Corporation
319 Sherman Avenue North
Hamilton, Ontario L8N 3R5

Employer

AND TO:

Daryl Grey
Standard Life Insurance
100 Sheppard Avenue East
Suite 1138
Toronto, ON M2N 6N5

Trustee


NOTICE OF PROPOSAL

I PROPOSE TO MAKE AN ORDER under section 69 of the PBA Pension Plan for the Salaried Employees of Hamilton Specialty Bar Corporation (the “Plan”) be wound up effective July 31, 2007.

 

REASONS:

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

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 27th  day of June, 2008


 

_______________________________________

 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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