IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8 (the “PBA”);
AND IN THE MATTER OF a Notice of Intended Decision of the Superintendent of Financial Services to consent under section 62.1(5) of the PBA to a payment out of the pension fund for The Retirement Plan of the Ontario Cancer Institute, Registration Number 0285254 (the “Plan”).
University Health Network
R. Fraser Elliott Building
190 Elizabeth Street, Second Floor
Toronto ON M5G 2C4
Attention:
Emma Pavlov
Sr. Vice President, HR & OD
AND TO:
Mercer (Canada) Limited
Attention:
Catherine Graham
Applicant and Employer
ON OR ABOUT October 29, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of The Retirement Plan of the Ontario Cancer Institute, Registration No. 0285254, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to University Health Network, in the amount of $989,866.06, as at June 30, 2014, plus investment earnings thereon to the date of payment.
NO REQUEST FOR HEARING was delivered to the Financial Services Tribunal by the Applicant or any other party within the time prescribed by section 89(6) of the PBA.
THE SUPERINTENDENT OF FINANCIAL SERVICES THEREFORE CONSENTS, for the reasons set out in the Notice of Intended Decision, to the payment out of The Retirement Plan of the Ontario Cancer Institute, to University Health Network, in the amount of $989,866.06, as at June 30, 2014, plus investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 23rd day of December, 2014.
Original Signed By
John Avgeris
Director, Pension Plans Branch
by Delegated Authority from the Superintendent of Financial Services
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