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 Notice of Intended Decision of the Superintendent of Financial Services to make an Order under section 83 of the PBA, respecting the Pension Plan for Employees of Slough Estates Canada Limited, Registration Number 0297150 (the “Plan”)
TO: |
The Superintendent of Financial Services
5160 Yonge Street, 17th Floor
Toronto, ON
M2N 6L9
|
In his capacity as Administrator of the Plan
AND TO: |
Mrs. Sandra McKinnon
c/o Mr. James Pierlot
Pierlot Pension Law
181 University Avenue
Suite 2200
Toronto ON M5H 3M7
|
ORDER
ON OR ABOUT March 29, 2012, the Superintendent of Financial Services served on Mrs. Sandra McKinnon a Notice of Intended Decision dated March 29, 2012 to make an order under section 83 of the PBA declaring that the Pension Benefits Guarantee Fund applies to the Plan.
ON APRIL 3, 2012, Mrs. McKinnon waived in writing her right to a hearing pursuant to section 89(6) of the PBA, respecting the Notice of Intended Decision.
The Superintendent of Financial Services, in his capacity as Administrator of the Plan, also waives his right to a hearing pursuant to section 89(6) of the PBA, respecting the Notice of Intended Decision.
THE SUPERINTENDENT OF FINANCIAL SERVICES, IN HIS CAPACITY AS REGULATOR UNDER THE PBA, THEREFORE MAKES THIS ORDER pursuant to section 83 of the PBA declaring that the Pension Benefits Guarantee Fund applies to the Plan, for the reasons set out in the Notice of Intended Decision.
DATED at Toronto, Ontario, this 5th day of April, 2012.
K. David Gordon Deputy Superintendent, Pensions |