Anne Corbett (Chair)

Elizabeth Shilton (Settlement Conference)

06/13/2006 (Settlement Conference continued); 03/27/2006 (Settlement Conference); 01/26/2006 (Pre-hearing Conference)

On October 25, 2005, the Board of Trustees of the Bricklayers & Trowel Trades International Pension Fund – Canada (the “Applicant”), requested a hearing regarding two Notices of Proposal of the Deputy Superintendent, Pensions, dated October 4, 2005, proposing to order the administrator of the Plan, referred to below, to prepare and file new actuarial valuation reports, as at January 1, 2003 and December 31, 2003, in respect of the Bricklayers & Trowel Trades International Pension Fund – Canada, Registration Number 0392175 (the “Plan”) that comply with sections 6, 14, 16 and 17 of Regulation 909 (the “Regulation”) and, specifically, which include either,

1. the results of such tests performed on both a going concern and solvency basis as will demonstrate the sufficiency of the contributions to provide for the benefits set out in the Plan without consideration of any provision for reduction of benefits set out in the Plan; or
   
2. where contributions are not sufficient to provide the benefits under the Plan as determined on both a going concern and solvency basis, a proposal by the actuary of options available to the administrator of the Plan that will have the result that the required contributions will be sufficient to provide the benefits under the Plan on both a going concern and solvency basis.

At a pre-hearing conference on January 26, 2006, the Applicant indicated that it was seeking the same disclosure of documents and replies to interrogatories that were being sought in the Labourers proceeding (FST File Number P0258-2005).  The Applicant did not intend to bring a separate motion in this proceeding but agreed to be bound by the results of the disclosure motion in the Labourers proceeding.  The matter was adjourned sine die on consent, pending the resolution of the disclosure motion in the Labourers proceeding.

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