Pension Plan for the Employees of the Ontario Public Service Employees Union - January 27, 2009.

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 of the Ontario Public Service Employees Union (the Plan), Registration Number 339861.              

TO:

Ontario Public Service Employees Union
Board of Trustees
c/o Eckler Partners Ltd.
110 Sheppard Avenue East
Suite 900
Toronto ON  M2N 7A3

Attention:

Ms. Catherine Robertson

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 the Ontario Public Service Employees Union (OPSEU), as at December 27, 2007 in the amount of $10,144.72 plus interest to the date of payment.

REASONS:

  1. OPSEU is the employer as defined in the Plan.

  2. As a result of an administrative error, the employer continued to remit contributions for two employees who were on a leave of absence during the period April 23, 2007 to December 27, 2007.

  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 27th day of  January, 2009.                          ,

__________________________________________

K. David Gordon
Deputy Superintendent, Pensions



 
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