FST Hearing - Montreal Trust
| File Type: | Pension |
|---|---|
| File Number: | P0307-2008 |
| File Name: | Montreal Trust |
| Act: | Pension Benefits Act |
| Plan Name: | Montreal Trust Pension Plan (2001), Registration Number 0279034 (Canada Revenue Agency) and 6428 (Régie des rentes du Québec) |
| Applicant: |
Montreal Trust Company of Canada, Counsel: Brett Ledger, Osler Hoskin & Harcourt LLP Montreal Trust Member Surplus Committee, Counsel: Mark Zigler, Koskie Minsky LLP |
| Respondent: | Superintendent of Financial Services, Counsel: Deborah McPhail |
| Party: |
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| Panel: |
Lily Harmer (Chair), Elizabeth Shilton, Ralph Scane |
| Hearing Date Information: |
06/05/2008 (Pre-Hearing Conference); 09/02/2008 & 09/05/2008 (Hearing) adjourned; 10/17/2008 (Hearing) |
| Next Appearance Date: |
10/17/2008 |
|
File Summary: (Go to latest update) |
On April 8, 2008, the Montreal Trust Company of Canada and the Montreal Trust Member Surplus Committee each requested a hearing regarding the Notice of Proposal of the Deputy Superintendent, Pensions, dated March 10, 2008, proposing to refuse to consent to the Application dated July 12, 2007 for consent to payment of money that is surplus to the employer out of the pension fund in respect of the Montreal Trust Pension Plan (2001), Registration Number 0279034 (Canada Revenue Agency) and 6428 (Régie des rentes du Québec) (the “Plan”) under sections 78(1) and 79(3) of the PBA as it relates to Ontario members or former members of the Plan. A pre-hearing conference is scheduled for June 5, 2008. Updated to May 9, 2008 At the pre-hearing conference on June 5, 2008, the hearing was scheduled for September 2 and 5, 2008. Updated to June 26, 2008 On October 17, 2008 the Tribunal heard submissions from the parties and reserved its decision. Updated to October 24, 2008 On January 7, 2009, the Tribunal issued its Reasons for Decision. |
| Additional Notes: |
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Financial Services Tribunal