FST Hearing - ACSYS Automotive
| File Type: | Pension |
|---|---|
| File Number: | P0406-2009 |
| File Name: | ACSYS Automotive |
| Act: | Pension Benefits Act |
| Plan Name: |
ACSYS Hourly-Rate Employees Pension Plan, Registration Number 1040146 and |
| Applicant: | ACSYS Automotive Component Systems of Canada, Inc., Counsel: Caroline Helbronner, Blake, Cassels & Graydon LLP |
| Respondent: | Superintendent of Financial Services, Counsel: Mark Bailey |
| Party: |
Eugen Weber |
| Panel: |
Elizabeth Shilton (Chair) |
| Hearing Date Information: |
08/26/2009 Pre-hearing Conference (adjourned); |
| Next Appearance Date: |
|
|
File Summary: (Go to latest update) |
On April 14, 2009, ACSYS Automotive Component Systems of Canada Inc. filed a request for hearing regarding the Notice of Proposal of the Deputy Superintendent, Pensions, dated March 12, 2009, to refuse to consent to a transfer of assets effective August 31, 2001, from the ACSYS Plan to the GM Plan under section 80 of the Pension Benefits Act. A pre-hearing conference is scheduled for August 26, 2009. Updated to May 21, 2009 On July 2, 2009, the parties requested on consent an adjournment of the pre-hearing conference in order to commence settlement discussions. The Tribunal granted the adjournment and rescheduled the pre-hearing conference to October 14, 2009. Updated to September 18, 2009 On September 22, 2009, the parties requested on consent a further adjournment of the pre-hearing conference to permit more time to continue settlement discussions. The Tribunal granted the adjournment and rescheduled the pre-hearing conference to February 18, 2010. Updated to October 20, 2009 On February 4, 2010, a further adjournment of the pre-hearing conference was requested by the parties. The Tribunal granted the adjournment and the pre-hearing conference is being rescheduled. On February 5, 2010, an application for party status was filed by Mr. Eugen Weber, a member of the plan. Updated to February 25, 2010 The pre-hearing conference is rescheduled for May 11, 2010. Updated to March 12, 2010 On May 17, 2010, the pre-hearing conference was rescheduled for July 26, 2010. Updated to May 20, 2010 On July 5, 2010, the parties requested a further adjournment of the pre-hearing conference. The Tribunal granted the adjournment and the pre-hearing conference is rescheduled for October 12, 2010. Updated to July 19, 2010 On October 12, 2010, the Applicant requested a further adjournment of the pre-hearing conference with the consent of the Superintendent. The purpose of the adjournment is that General Motors is in the process of settling an amendment to its hourly plan which amendment, if accepted by the Superintendent, will eliminate the need for the asset transfer which is the subject of the present FST proceedings. The Tribunal granted the adjournment and the pre-hearing conference is rescheduled for December 13, 2010. Updated to October 15, 2010 At the pre-hearing conference on December 13, 2010 the matter was further adjourned to January 14, 2011. Updated to December 14, 2010 On January 13, 2011 the applicant withdrew its request for hearing in this matter. The Tribunal cancelled the January 14, 2011 pre-hearing conference and closed its file. |
| Additional Notes: |
|
Financial Services Tribunal