Financial Services Tribunal & Pension Commission of Ontario Case Summaries/
Summaires des dcisions du Tribunal des services financiers et de la Commission des rgimes de retraite de l'Ontario

Case Name/nom du dossier:Dominion Stores Limited v. Canada Trust Company, and Retail Wholesale and Department Store Union, Local 414 - XDEC-03

Type/type:Pensions/Rgime de retraite

Decision Date/Date de la dcision:89-09-28

Tribunal/tribunal:PCO/CRRO




Franais

Dominion Stores Limited v. Canada Trust Company, and Retail Wholesale and Department Store Union, Local 414

Index No. XDEC-03

Date of decision: September 28, 1989

Panel members: John P. Kruger Chair, L. Gordon, J.M. St. Georges, E. Gillese, M. Townson, G. Pattinson.

Parties to hearing: Domgroup Ltd.
Canada Trust Company
Retail Wholesale and Department Store Union, Local 414
Certain individual employees

SUBJECT: JURISDICTION
PARTIAL WIND-UP
SURPLUS DISTRIBUTION

Summary:

This was an application by the Trustees of Dominion Stores Union Pension Fund Settlement Trust for the Commission’s consent to the payment out of surplus funds with respect to Proposed Distribution Rules in relation to Dominion Stores Limited Retirement Income Plan (1975) and the Dominion Stores Limited Retirement Income Plan for Union Employees (1979), C-016249 (now Domgroup Ltd.) and C-005188.

The Commission held that it had jurisdiction to consider questions of fairness and equity relating to the distribution of the pension plan surplus. Subsection 80(4) was found to broadly encompass applications with respect to the wind-up of a pension plan, and is not limited to situations where money is being paid to an employer.

The Commission consented to the application from Domgroup for payment out of surplus and appointment of trustees in accordance with section 3.08 of the settlement agreement. To the extent that this consent would apply to Quebec members of the plan, it was subject to the approval of the appropriate regulatory authorities in that province.

The Commission had jurisdiction to determine the issue of the locking-in provisions and decided that the locking-in provision applied to all plan members regardless of age.

Cases referred to:

Re Collins v. Pension Commission of Ontario, (1986), 56 O.R. (2d) 275
Windsor Airline Limousine Services v. Ontario Tax Association (1980), 30 O.R. (2d) 732

This summary is offered as a public service and should not be relied upon as legal advice. Many factors unknown to us may affect the applicability of any statement or comment made in the summary to your particular circumstances.

Dominion Stores Limited c. La Socit Canada Trust et le Syndicat des dtaillants, grossistes et magasins B rayons, section locale 414

Numro d’index : XDEC-03

Date de la dcision : Le 28 septembre 1989

Groupe d’experts : John P. Kruger, prsident, L. Gordon, J.M. St. Georges, E. Gillese, M. Townson, G. Pattinson.

Parties B l’audience : Domgroup Ltd.
La Socit Canada Trust
Syndicat des dtaillants, grossistes et magasins B rayons, section locale 414
Certains employs individuels

OBJET : COMPTENCE
LIQUIDATION PARTIELLE
DISTRIBUTION DE L’EXCDENT

Sommaire :

Les fiduciaires du Dominion Stores Union Pension Fund Settlement Trust ont prsent une requLte en vue d’obtenir le consentement de la Commission au paiement de l’excdent de la caisse selon les rPgles de distribution proposes relativement au rgime de revenu de retraite de Dominion Stores Limited (1975) et au rgime de revenu de retraite pour les employs syndiqus de Dominion Stores Limited (1979), C-016249 (maintenant Domgroup Ltd.) et C-005188.

La Commission a tabli qu’elle avait comptence pour envisager les questions de justice et d’quit relativement B la distribution de l’excdent du rgime de retraite. Le paragraphe 80(4) a t jug largement applicable B la liquidation d’un rgime de retraite et ne pas se limiter aux situations oj des sommes sont payes B un employeur.

La Commission a consenti B la demande de Domgroup relativement au paiement de l’excdent de la caisse et B la nomination des fiduciaires conformment B la section 3.08 de l’entente de rPglement. Dans la mesure oj ce consentement s’appliquerait aux participants du rgime au Qubec, il tait assujetti B l’approbation des organismes de rglementation de cette province.

La Commission avait comptence pour trancher la question des dispositions relatives B l’immobilisation des cotisations et a dcid que la disposition d’immobilisation s’appliquait B tous les participants du rgime, peu importe leur ge.

Jurisprudence :

Re Collins v. Pension Commission of Ontario, (1986), 56 O.R. (2d) 275
Windsor Airline Limousine Services v. Ontario Tax Association (1980), 30 O.R. (2d) 732

Ce sommaire est offert B titre de service public et ne saurait constituer des avis juridiques. Nombreux sont les facteurs que nous ignorons et qui peuvent avoir une incidence sur l’application de nos commentaires B votre cas particulier.