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 for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc., Registration Number 0505875 (the “Plan”).
Colgate-Palmolive Canada Inc.
Two Morneau Shepell Centre, 5th Floor
895 Don Mills Road
Toronto ON M3C 1W3
Applicant and Employer
Canadian Benefits Law
66 Wellington Street West
PO Box 1159
Toronto ON M5K 1P2
Attention: J. David Vincent
Counsel for the Employer
Sack Goldblatt Mitchell LLP
1100-20 Dundas Street West
Toronto ON M5G 2G8
Counsel for the PWU Members
ON OR ABOUT October 8, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Retirement Plan for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc., Registration No. 0505875, to consent, pursuant to section 78(1) of the PBA, to payment out of the Plan to Colgate-Palmolive Canada Inc. in the amount of $275,000, as at September 30, 2014, plus adjustments to the actual 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 Retirement Plan for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc. to Colgate-Palmolive Canada Inc. in the amount of $275,000, as at September 30, 2014, plus adjustments to the actual date of payment.
DATED at Toronto, Ontario, this 26th day of November, 2015.
Original Signed By
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services
© Queen's Printer for Ontario, 2015