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 78 (1) of the PBA to a payment out of the pension fund for the Pension Plan for Unionized Employees of Best Foods Canada Inc. at Cardinal, Ontario, Registration Number 0240366.
TO:
Unilever Canada Inc.
800 Sylvan Avenue
Englewood Cliffs NJ 07632
USA
Attention:
Ms. Susan Long
Benefits Manager - Retirement Plans
Applicant and Employer
AND TO:
Ms. Ariella Fuhrmann
Mercer (Canada) Limited
800 - 120 Bremner Boulevard
Toronto ON M5J 0A8
CONSENT
ON OR ABOUT January 6, 2017, the Superintendent of Financial Services caused to be served on Unilever Canada Inc. a Notice of Intended Decision dated January 6, 2017, to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Pension Plan for Unionized Employees of Best Foods Canada Inc. at Cardinal, Ontario, Registration Number 0240366, to Unilever Canada Inc. in the amount of $79,000 as at June 30, 2015, plus adjustments to the actual 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 Unionized Employees of Best Foods Canada Inc. at Cardinal, Ontario, Registration Number 0240366, to Unilever Canada Inc. in the amount of $79,000 as at June 30, 2015, plus adjustments to the actual date of payment.
THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that any payments pursuant to the Surplus Distribution Agreement to which the members, former members and any other persons are entitled, and any other payments to which the members and any other persons are entitled, have been paid, purchased, or otherwise provided for.
DATED at Toronto, Ontario, this 15th day of March, 2017.
Gino Marandola |
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