IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “PBA”);
AND IN THE MATTER OF of a Notice of Intended Decision of the Superintendent of Financial Services to make an Order under section 69 of the PBA respecting the Pension Plan for the Employees of Sport Alliance of Ontario and Participating Affiliates, Registration Number 0592329.
London Life Insurance Company
255 Dufferin Avenue
London ON N6A 4K1
Sport Alliance of Ontario
313 - 3 Concorde Gate
Don Mills ON M3C 3N7
Collins Barrow Toronto Limited
11 King Street West
Suite 700, Box 27
Toronto ON M5H 4C7
Trustee in Bankruptcy
Ontario Minor Hockey Association
3 – 25 Brodie Dr.
Richmond Hill ON L4B 3K7
Canadian Sports Institute of Ontario
Toronto Pan Am Sports Centre
875 Morningside Ave., Suite 100
Toronto ON M1C 0C7
104 – 3 Concorde Gate
Toronto ON M3C 3N7
Ontario Volleyball Association
304 – 3 Concorde Gate
Toronto ON M3C 3N7
The Ontario Soccer Association
7601 Martin Grove Rd.
Vaughan ON L4L 9E4
Ontario Lacrosse Association
306 - 3 Concorde Gate
Toronto ON M3C 3N7
NOTICE OF INTENDED DECISION
I INTEND TO MAKE AN ORDER under section 69 of the PBA that the Pension Plan for the Employees of Sport Alliance of Ontario and Participating Affiliates, Registration Number 0592329 (the “Plan”) be wound up effective April 10, 2015.
Si vous désirez recevoir cet avis en français, veuillez envoyer votre demande immédiatement à: Adjointe, audiences, Greffe, Commission des service financiers de l’Ontario, 5160 rue Yonge, boîte 85, Toronto ON M2N 6L9.
YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the Tribunal) pursuant to section 89(6) of the PBA. A hearing before the Tribunal about this Notice of Intended Decision may be requested by completing the enclosed Request for Hearing (Form 1) and submitting it to the Tribunal within thirty (30) days after this Notice of Intended Decision is served on you.1
Additional copies of the enclosed Form 1 can be obtained by visiting the Tribunal’s website at www.fstontario.ca.
If a Request for Hearing (Form 1) is submitted to the Tribunal within thirty (30) days after this Notice of Intended Decision is served on you, subsection 89(8) and 89(9) of the PBA provide that the Tribunal shall appoint a time for and hold a hearing, and by order may direct the Superintendent of Financial Services (Superintendent) to make or refrain from making the intended decision indicated in this notice and to take such action as the Tribunal considers the Superintendent ought to take in accordance with the PBA and the regulations, and for such purposes, the Tribunal may substitute its opinion for that of the Superintendent.
IF NO WRITTEN REQUEST FOR A HEARING IS MADE within thirty (30) days after this Notice is served on you, TAKE NOTICE THAT the Superintendent will carry out the ORDER pursuant to section 89(7) of the PBA.
A completed Request for Hearing form must be received by the Tribunal within 30 days of this Notice is served on you. The Request for Hearing form may be mailed, faxed or delivered to:
Financial Services Tribunal
5160 Yonge Street
Attention: The Registrar
The hearing before the Tribunal will proceed in accordance with the Rules of Practice and Procedures for Proceedings before the Financial Services Tribunal made under the authority of the Statutory Powers Procedure Act, R.S.O. 1990, c.S.22. Those Rules are available at the website of the Tribunal: www.fstontario.ca. Alternatively, a copy can be obtained by telephoning the Registrar of the Tribunal at 416-590-7294, or toll free at 1-800-668-0128 ext 7294.
REASONS FOR PROPOSAL:
DATED at Toronto, Ontario, this 19th day of February, 2016.
Original Signed By
Lester J. Wong
Deputy Superintendent, Pensions
By delegated authority from the
Superintendent of Financial Services