Pension plan for the employees of Oxford Plastics Inc. Registration Number 1086545

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 69 of the PBA, respecting Pension Plan for the employees of Oxford Plastics Inc. Registration Number 1086545

 

 

TO:
Lisa Horton
Windup Specialist
Group Retirement Services
Great-West Life
255 Dufferin Avenue
London ON N6A 4K1 
 
                              Administrator
 
 

 

AND TO:
Homer Vandervecht
President
Oxford Plastics Inc.
375058 County Road # 6
P.O. Box 119
Embro ON N0J 1J0 
                            
                             Employer
 
 
AND TO:
Aldis Makovskis
Senior Vice-President
PricewaterhouseCooper Inc.
2600-18 Pork Street, PWC Tower
Toronto ON  M5J 0B2
 

                              Receiver

 

 

NOTICE OF INTENDED DECISION

  
I INTEND TO MAKE AN ORDER under section 83 of the PBA declaring that the Pension Benefits Guarantee Fund applies to the Pension Plan for the employees of Oxford Plastics Inc. Registration Number 1086545 (the “Plan”) be wound up effective April 11, 2011

  

 

I INTEND TO MAKE THE ORDER FOR THE FOLLOWING REASONS:

  
  1. There was a cessation or suspension of employer contributions to the pension fund.
  2. Failure of employer to make contributions to the pension fund as required by the Act or the Regulations.
  3. A significant number of members have ceased to be employed by the employer as the result of the discontinuance or reorganization of all or part of business of the employer.

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Intended Decision is served on you.1

 
            YOUR WRITTEN NOTICE must be delivered to:

 

                                   
            Financial Services Tribunal

 

            5160 Yonge Street

 

            14th Floor
            Toronto, Ontario

 

            M2N 6L9

 

  
Attention: The Registrar
 

 

FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone  at 416- 590-7294,  toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.
           
If you fail to request a hearing within thirty (30) days, I may carry out the intended decision as described in this notice.
                       

  

 

DATED at Toronto, Ontario, this 30th day of March, 2012.  
                                                                                                                                               

 

  
K. David Gordon
Deputy Superintendent, Pensions
 
 
 


 1     NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the fifth day after the date of mailing.

 

 
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