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 Pension Plan for Corporate Employees of Honda Canada Inc., Registration Number 0972125 (the “Plan”).
TO:
Honda Canada Inc.
108 Honda Boulevard
Markham ON L6C 0H9
Attention:
Orlando Amicucci
Senior Manager, Tax & Pension
Applicant and Employer
CONSENT
ON OR ABOUT March 14, 2016, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Pension Plan for Corporate Employees of Honda Canada Inc., Registration Number 0972125, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Honda Canada Inc. in the amount of $39,288 as at April 15, 2014, plus investment earnings thereon to the date of payment.
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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 Plan for Corporate Employees of Honda Canada Inc. to Honda Canada Inc. in the amount of $39,288 as at April 15, 2014, plus investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 21st day of June, 2016.
Gino Marandola |
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