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 78(1) of the PBA to a payment out of the pension fund for the Supplemental Pension Plan for the Employees of Chimo Youth and Family Services Inc., Registration Number 0380030.
Chimo Youth & Family Services Inc.
227 Kent Street W
Lindsay ON K9V 2Z1
Attention:
Margaret Rose-Jackson (is on extended leave)
Executive Director
AND TO:
Chimo Youth & Family Services Inc.
227 Kent Street W
Lindsay ON K9V 2Z1
Attention:
Robert Hunter
Acting Executive Director
Applicant and Employer
AND TO:
Industrial Alliance
Insurance and Financial Services Inc.
1080 Grande Allée West
PO Box 1907, Station Terminus
Quebec City QC G1K 7M3
Attention:
Patrick Godbout, FCIA
Actuarial Consultant
Group Pensions
Actuary for the Applicant
ON OR ABOUT April 22, 2015, the Superintendent of Financial Services caused to be served on Chimo Youth & Family Services Inc. a Notice of Intended Decision dated April 21, 2015 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Supplemental Pension Plan for the Employees of Chimo Youth and Family Services Inc., Registration Number 0380030, to Chimo Youth & Family Services Inc. in the amount of $23,732 as at April 30, 2013, with interest 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 pension fund for the Supplemental Pension Plan for the Employees of Chimo Youth and Family Services Inc., Registration Number 0380030, to Chimo Youth & Family Services Inc. in the amount of $23,732, as at April 30, 2013, plus interest thereon.
DATED at Toronto, Ontario, this this 17th day of June, 2015.
Original Signed By
Gino Marandola
Director, Pension Plans Branch (Interim)
by Delegated Authority from the
Superintendent of Financial Services