Pension Enforcement Action

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 Standard Induction Castings Inc. C.A.W. Retirement Income Plan, Registration Number 0385757 (the “Plan”).

TO:

Standard Induction Castings Inc.
c/o Linamar Corporation
287 Speedvale Avenue W
Guelph ON N1H 1C5

Attention:
Michael Annable
Executive Vice President

Applicant and Employer

AND TO:

Mike Werbowecki
Vice President, Operations
Corporate Benefit Analysts, Inc.
102 - 515 Riverbend Drive
Kitchener ON N2K 3S3

CONSENT

ON OR ABOUT May 13, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Standard Induction Castings Inc. C.A.W. Retirement Income Plan, Registration No. 0385757, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Standard Induction Castings Inc. in the amount of $21,155.08, as at January 31, 2015, plus investment earnings thereon to the date of payment.

Si vous désirez recevoir cet avis en français, veuillez envoyer votre demande immédiatement à: Adjointe, audiences, Greffe, Commission des services financiers de l’Ontario, 5160 rue Yonge, boîte 85, Toronto ON M2N 6L9.

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 Standard Induction Castings Inc. C.A.W. Retirement Income Plan to Standard Induction Castings Inc. in the amount of $21,155.08, as at January 31, 2015, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this 8 day of July, 2015.

Original Signed By

Gino Marandola
Director, Pension Plans Branch (Interim)
by Delegated Authority from the Superintendent of Financial Services