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 the Salaried Employees of Northern Breweries Ltd. and Doran's Beverages Inc. Registration Number 0578252
Northern Breweries Ltd.
503 Bay Street
Sault Ste. Marie, ON P6A 1X6
Administrator and Employer
Head, Compliance Canada
RBC Dexia Investor Services Trust
77 King Street West, 12th Floor
P.O. Box 7500, Station "A"
Toronto ON M5W 1P9
Trustee in Bankruptcy
No request requiring a hearing was delivered to the Financial Services Tribunal within the time prescribed by subsection 89(6) of the PBA requesting a Notice of Proposal to make an Order to wind up the Pension Plan for the Salaried Employees of Northern Breweries Ltd. and Doran's Beverages Inc. (the “Plan”).
IT IS THEREFORE ORDERED that the Plan be wound up in full effective June 30, 2006 for the following reasons:
- The employer failed to make contributions to the pension fund as required by the PBA.
DATED at Toronto, Ontario, this 14th day of August, 2008.
Director(Acting), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services