IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (the “Act”), in particular sections 87 and 89;
AND IN THE MATTER OF the Pension Plan for the Employees of Higginson Equipment Inc., Registration Number 0259606 (the “Plan”).
On June 13, 2024, pursuant to section 89 of the Act, by delegated authority from the Chief Executive Officer of the Financial Services Regulatory Authority of Ontario (the “Chief Executive Officer”), the Head, Pension Plan Operations and Regulatory Effectiveness (the “Head”) issued a Notice of Intended Decision to make an order under section 87 of the Act, respecting the Plan.
The Notice of Intended Decision was delivered to Higginson Equipment Inc. on June 24, 2024, and section 89(6) of the Act provides that any person on whom a Notice of Intended Decision is delivered has thirty (30) days after the Notice of Intended Decision is received to request a hearing by the Financial Services Tribunal (the “Tribunal”).
On July 26, 2024, the Registrar of the Tribunal confirmed that Higginson Equipment Inc. did not request a hearing by the Tribunal in accordance with section 89 of the Act. Therefore, pursuant to section 89(7) of the Act, and by delegated authority from the Chief Executive Officer, the Head makes the following decision.
An Order requiring Higginson Equipment Inc. to remit contributions of $34,931.46, plus interest payable from the date contributions were due to the date payment is made, to the custodian of the Pension Plan for the Employees of Higginson Equipment Inc., Registration Number 0259606, is hereby issued, for the reasons set out in the Notice of Intended Decision.
DATED at Toronto, Ontario, August 13, 2024.
Original signed by
David Bartucci
Head, Pension Plan Operations and Regulatory Effectiveness
By delegated authority from the Chief Executive Officer
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