Employee Retirement Plan for the Employees of Moczik Tool & Die (Canada) Limited - August 14, 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 Employee Retirement Plan for the Employees of Moczik Tool & Die (Canada) Limited Registration Number: 279414

TO:

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

Administrator

AND TO:

Kim Sutton
Plan Administrator
Moczik Tool & Die (Canada) Limited
21 Gregory Drive West
P.O. Box 489
Chatham, ON N7M 5K6

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 Employee Retirement Plan for the Employees of Moczik Tool & Die (Canada) Limited (the “Plan”).

IT IS THEREFORE ORDERED that the Plan be wound up in full effective April 30, 2006 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 14th day of August, 2008.

 

 

________________________________________

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


 
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