Pension Plan For Employees of 174616 Canada Inc./Furs By Vincenzo - August 21, 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 Employees of 174616 Canada Inc./Furs By Vincenzo Registration Number: 683201

TO:

Darlene Sundercock
Wind-up Customer Service Specialist
Group Retirement Services
255 Dufferin Avenue
London, ON N6A 4K1

Administrator

AND TO:

Peter Andor
Plan Administrator
174616 Canada Inc./Furs By Vincenzo
5300 Rue Molson
Montreal, QC H1Y 3B5

Employer

 

ORDER

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.

 

 

_______________________________________

Toni Mancini 
Director, Pension Plans Branch
by Delegated Authority from 
the Superintendent of Financial Services

 
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