| File Type: | Pension |
|---|---|
| File Number: | P0346-2009 |
| File Name: | Imperial Oil Limited (St. Clair West) |
| Act: | Pension Benefits Act |
| Plan Name: | Imperial Oil Limited Retirement Plan, Registration Number 347054 |
| Applicant: | Imperial Oil Limited, Counsel: Brett Ledger, Osler Hoskin & Harcourt LLP |
| Respondent: | Superintendent of Financial Services, Counsel: Deborah McPhail |
| Party: |
Jean Townsend, |
| Panel: |
Ralph Scane (President), Heather Gavin, Shiraz Bharmal |
| Hearing Date Information: |
04/23/2009 Pre-hearing Conference; 07/28/2009 Pre-hearing Conference; 08/19/2009 Pre-hearing Conference; 09/03/2009 Pre-hearing Conference; 10/01/2009-10/02/2009 Hearing - adjourned; 12/14/2009 - 12/18/2009 Hearing |
| Next Appearance Date: |
12/14/2009 |
|
File Summary: (Go to latest update) |
On February 11, 2009, Imperial Oil Limited (the “Applicant”), filed a request for hearing regarding the Notice of Proposal of the Deputy Superintendent, Pensions, dated January 16, 2009, to make an Order under section 69(1) (e) of the PBA that Imperial Oil Limited Retirement Plan, Registration Number 347054 (the “Plan”) be partially wound up in relation to those members and former members of the Plan who ceased to be employed by Imperial Oil Limited at its location at 111 St. Clair Ave. West Toronto during the period September 28, 2004 until June, 30, 2006. Updated to February 13, 2009 A pre-hearing conference is scheduled for April 23, 2009. Updated to March 13, 2009 The hearing in this matter is scheduled for October 1-2, 2009. Updated to May 21, 2009 During the month of June 2009, several applications for party status were filed with the Tribunal. At a further pre-hearing conference on July 28, 2009, several of the applicants for party status withdrew their applications. The Tribunal granted full party status to The 111 Pension Rights Association, an unincorporated association represented by three members in a representative capacity, who are on the Association’s steering committee. Limited party status was granted to Janeen Bowes, Catherine Schell, Jean Townsend and Linda Zwicker. Updated to August 14, 2009 On August 26, 2009, the 111 Pension Rights Association filed a motion to vary the matters in issue that were approved by the Tribunal at a pre-hearing conference on April 23, 2009. The issues approved by the Tribunal related to the applicability of s.69(1)(e) of the PBA as authority for the order of a partial wind up of the Plan by the Superintendent, and if applicable, the extent of such wind up. The motion sought to vary those issues to include the applicability of s.69(1)(d) of the PBA as an alternative ground to authorize the partial wind up and the extent of such wind up. At the motion hearing on September 3, 2009, Imperial Oil submitted that the Tribunal lacks jurisdiction to extend the hearing to a consideration of s.69(1)(d) of the PBA as an alternative ground for the proposed wind up, on the grounds that the subsection was not referred to in the Superintendent’s Notice of Proposal. In its Decision on Motion dated September 23, 2009, the Tribunal concluded that it lacked jurisdiction to make the order as requested and it dismissed the motion. On September 29, 2009, the October hearing dates were briefly adjourned to December 14 – 18, 2009. |
| Additional Notes: |
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