IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, as amended (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 Kraft Canada Inc. Retirement Plan for Mini-Dessert Division Employees, Registration Number 0983023 (the “Plan”).
Kraft Canada, Inc.
Three Lakes Drive
Northfield IL 60093
U.S.A
Attention: Sharleen Uddenberg-Adams
Associate Director, Retirement Plans
Applicant and Employer
Towers Watson
Attention: Darrell Peters
ON OR ABOUT March 31, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Kraft Canada Inc. Retirement Plan for Mini-Dessert Division Employees, Registration No. 0983023, to consent, pursuant to section 62.1(5) of the PBA, to a payment out of the Plan to Kraft Canada Inc., in the amount of $4,684.59 as at April 22, 2013, plus investment earnings thereon.
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 Kraft Canada Inc. Retirement Plan for Mini-Dessert Division Employees to the Kraft Canada Inc. in the amount of $4,684.59 as at April 22, 2013, plus investment earnings thereon.
DATED at Toronto, Ontario, this this 13th day of June, 2014.
Original Signed By
John Avgeris
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services