Pension Plan for the Employees Idlewyld Manor - November 1, 2006

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 Pension Plan for the Employees Idlewyld Manor, Registration Number 0957837.

TO:

Idlewyld Manor
449 Sanatorium Rd
Hamilton, ON L9C 2A7

Attention: Dave Drywood
Manager Financial Services

NOTICE OF PROPOSAL

I PROPOSE TO MAKE AN ORDER under section 78(4) of the PBA, consenting to the payment, out of Pension Plan for the Employees Idlewyld Manor (the “Plan”), to Idlewyld Manor, as at December 31, 2004 in the amount of $7,267.82 plus interest to the date of payment.

REASONS:

  1. Idlewyld Manor is the employer as defined in the Plan.

  2. An audit of 2005 pension contributions revealed an overpayment for December 2004.

  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.

In accordance with section 105(1) of the PBA, an extension of the time limit under section 78(4) has been given.

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 1st day of November, 2006



K. David Gordon
Deputy Superintendent, Pensions

*NOTE—PURSUANT to section 112 of the Act any notice, order or other document is sufficiently given, served, or delivered if delivered personally or sent by first class mail and any document sent by first class mail shall be deemed to be given, served, or delivered on the seventh day after mailing.

 
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