The Retirement Plan for Salaried Employees of Specialty Chemicals - A Division of Honeywell ASCa Inc. - December 22, 2005

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

AND IN THE MATTER of a Proposal by the Superintendent of Financial Services to make an Order under subsection 78(4) of the Act consenting to a payment out of the The Retirement Plan for Salaried Employees of Specialty Chemicals - A Division of Honeywell ASCa Inc. (the Plan), Registration Number 0338889.

TO: Charlene Arje
Director Canadian Business Services
Honeywell ASCa Inc.
3333 Unity Drive
Mississauga ON L5L 3S6

NOTICE OF PROPOSAL

I PROPOSE TO MAKE AN ORDER under s. 78(4) of the Act, consenting to the payment, out of the The Retirement Plan for Salaried Employees of Specialty Chemicals - A Division of Honeywell ASCa Inc., to Honeywell ASCa Inc., as at September 23, 2001 in the amount of $17,412.86 plus interest to the date of payment for the following reason and such further reasons that may come to my attention:

  1. Honeywell ASCa Inc. is the employer as defined in the Plan.

  2. As a result of an Administrative oversight, the contributions were made directly from the company funds instead of the pension fund.

  3. Evidence of the Overpayment to the fund has been submitted to the Financial Services Commission of Ontario.

  4. There were no member submissions made about the repayment.

  5. The application appears to comply with section 78(4) of the Act.

YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the Tribunal) pursuant to subsection 89(6) of the Act if, within thirty (30) days after this Notice of Proposal is served on you, you deliver to the Tribunal a written notice that you require a hearing.*.

Your written notice requiring a hearing must be delivered to:
Financial Services Tribunal
5160 Yonge Street, 14th Floor
North York ON M2N 6L9

Attention: The Registrar

FOR FURTHER INFORMATION, contact the Registrar of the Tribunal by phone at 416-226-7752, toll-free at 1-800-668-0128, ext. 7752, or by fax at 416-226-7750.

IF YOU DO NOT DELIVER TO THE TRIBUNAL, WITHIN THIRTY (30) DAYS FROM THE DATE THIS NOTICE OF PROPOSAL IS SERVED ON YOU, A WRITTEN NOTICE THAT YOU REQUIRE A HEARING, I MAY MAKE THE ORDER PROPOSED HEREIN.

DATED at Toronto, Ontario, this 22nd day of December, 2005

K. David Gordon
Deputy Superintendent, Pensions

*NOTE—PURSUANT to section 112 of the Act any notice, order or other document is sufficiently given, served, or delivered if delivered personally or sent by first class mail and any document sent by first class mail shall be deemed to be given, served, or delivered on the seventh day after mailing.


 
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