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 Employees of 174616 Canada Inc./Furs By Vincenzo Registration Number: 683201
Wind-up Customer Service Specialist
Group Retirement Services
255 Dufferin Avenue
London, ON N6A 4K1
174616 Canada Inc./Furs By Vincenzo
5300 Rue Molson
Montreal, QC H1Y 3B5
No request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA respecting a Notice of Proposal to make an Order to wind up the Pension Plan For Employees of 174616 Canada Inc./Furs By Vincenzo (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective June 20, 2000 for the following reasons:
- There was a cessation or suspension of employer contributions to the pension fund.
- The employer failed to make contributions to the pension fund as required by the PBA.
- A significant number of members of the pension plan ceased to be employed by the employer as a result of the discontinuance of all or part of the business of the employer or as a result of the reorganization of the business of the employer.
- All or a significant portion of the business carried on by the employer at a specific location was discontinued.
DATED at Toronto, Ontario, this 21st day of August, 2008.
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services