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 Retirement Annuity Plan for Salaried and Non-Union Hourly Paid Employees of John Crane Canada Inc., Registration Number 0385443 (the “Plan”).
TO:
John Crane Canada Inc.
423 Green Road, N
Stoney Creek ON L8E 3A1
Attention:
Nicole McLean
Controller
Applicant and Employer
COPY:
Fabiana Ferrin
Senior Associate
Mercer (Canada) Limited
120 Bremner Blvd., Suite 800
Toronto ON M5J 0A8
CONSENT
ON OR ABOUT April 25, 2018, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Retirement Annuity Plan for Salaried and Non-Union Hourly Paid Employees of John Crane Canada Inc., Registration Number 0385443, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to John Crane Canada Inc. in the amount of $462,160.01 as at December 31, 2017, 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 Retirement Annuity Plan for Salaried and Non-Union Hourly Paid Employees of John Crane Canada Inc. to John Crane Canada Inc. in the amount of $462,160.01 as at December 31, 2017, plus investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 19th day of June, 2018.
Original signed by
Gino Marandola
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services
© Queen's Printer for Ontario, 2018