FST Hearing - Wescan Systems Limited Pension Plan
| File Type: | Pension |
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| File Number: | P0308-2008 |
| File Name: | Wescan Systems Limited Pension Plan |
| Act: | Pension Benefits Act |
| Plan Name: | Wescan Systems Limited Pension Plan, Registration Number 1029701 |
| Applicant: |
Wescan Systems Limited, Counsel: Gary Nachshen, Stikeman Elliott LLP Marilyn Valenti, Counsel: Andrew Hatnay, Koskie Minsky LLP |
| Respondent: | Superintendent of Financial Services, Counsel: Deborah McPhail |
| Party: |
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| Panel: |
Paul Litner (Chair) |
| Hearing Date Information: |
07/08/2008 (Pre-Hearing Conference) adjourned; 10/02/2008 (Pre-Hearing Conference) adjourned; 12/19/2008 (Pre-Hearing Conference) adjourned; 02/20/2009 (Pre-Hearing Conference) adjourned; 03/27/2009 (Pre-Hearing Conference) adjourned; 05/13/2009 (Pre-Hearing Conference) |
| Next Appearance Date: |
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File Summary: (Go to latest update) |
On April 7, 2008, Wescan Systems Limited filed a request for hearing regarding the Notice of Proposal of the Deputy Superintendent, Pensions, dated March 3, 2008, proposing to make an Order under section 69(1)(b) of the PBA that the Wescan Systems Limited Pension Plan, Registration Number 1029701 (the “Plan”) be wound up as at November 9, 2007, and an Order under sections 55(2) and 87(2)(c) of the PBA that Wescan Systems Limited remit all outstanding contributions to the Plan. On April 9, 2008, a request for hearing was also filed by Ms. Marilyn Valenti. A pre-hearing conference is scheduled for July 8, 2008. Updated to May 9, 2008 On June 3, 2008, the Applicant requested on consent of the parties, that the pre-hearing conference be adjourned to a later date in order to permit time for settlement discussions to take place. The Tribunal granted the request and rescheduled the pre-hearing conference to October 2, 2008. Updated to June 26, 2008 On August 29, 2008, the Applicant requested on consent of the parties, that the pre-hearing conference be adjourned to a later date in order to permit additional time for settlement discussions to take place. The Tribunal granted the request and rescheduled the pre-hearing conference to December 19, 2008. Updated to September 12, 2008
On November 21, 2008, the parties requested a further adjournment of this matter to a date in February 2009 to permit additional time for resolution of the matter. The Tribunal granted the adjournment and rescheduled the pre-hearing conference to February 20, 2009. Updated to November 24, 2008 On January 20, 2009, the parties requested a further adjournment to permit more time for a resolution of this matter. The Tribunal granted the adjournment and rescheduled the pre-hearing conference to March 27, 2009. Updated to February 13, 2009 On February 23, 2009, the parties requested a short adjournment of the pre-hearing conference as they work towards a settlement in this matter. The Tribunal granted the adjournment and rescheduled the pre-hearing conference to May 13, 2009. Updated to March 13, 2009 On April 24, 2009, Wescan Systems advised the Tribunal that the matter was settled and withdrew its request for hearing. On April 28, 2009, Marilyn Valenti withdrew her request for hearing. The Tribunal cancelled the pre-hearing conference and closed its file. Updated to May 21, 2009
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| Additional Notes: |
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Financial Services Tribunal