Pension Plan For Hourly-Rated Employees of Dominion Bridge-Steel Service Center/Cooksville, A Unit of United Dominion Industries Corporation - March 11, 2009.

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8 (PBA)

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under section 78(1) of the PBA consenting to a payment out of the Pension Plan For Hourly-Rated Employees of Dominion Bridge-Steel Service Center/Cooksville, A Unit of United Dominion Industries Corporation (the Plan), Registration Number 0575696.

TO:

United Dominion Industries Corporation
13515 Ballantyne Corporate Place
Charlotte NC 28277
USA

Attention:

Elaine Krom
SPX Corporation
Manager, Retirement Plans

Applicant and Employer

 

CONSENT

On or about December 12, 2008 the Superintendent of Financial Services caused to be served on United Dominion Industries Corporation a Notice of Proposal dated December 12, 2008 to consent, pursuant to section 78(1) of the PBA, to payment out of the Pension Plan For Hourly-Rated Employees of Dominion Bridge-Steel Service Center/Cooksville, A Unit of United Dominion Industries Corporation, Registration No. 0575696, to United Dominion Industries Corporation in the amount of $55,852.50 as at December 31, 2007 plus adjustments to the actual date of payment.

No Notice requiring a 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 to the payment out of the Pension Plan For Hourly-Rated Employees of Dominion Bridge-Steel Service Center/Cooksville, A Unit of United Dominion Industries Corporation, Registration Number 0575696, to United Dominion Industries Corporation in the amount of $55,852.50 as at December 31, 2007 plus adjustments to the actual date of payment.

THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that all benefits and any other payments to which the former member is entitled has been paid, purchased or otherwise provided for.

DATED at Toronto, Ontario, this 11th day of  March, 2009

____________________________________________

Brian Mills
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 

Copy: Stephanie Kauffman, Osler, Hoskin & Harcourt LLP



 
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