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 Retirement Plan for Staff Employees of FCI Canada Inc. (the Plan), Registration Number 0588756.
TO:
FCI Canada Inc.
825 Old Trail Road
Etters PA 17319
Attention:
Jill Steps
Vice President & Secretary
CONSENT
On or about February 24, 2009 the Superintendent of Financial Services caused to be served on FCI Canada Inc. a Notice of Proposal dated February 24, 2009 to consent, pursuant to section 78(1) of the PBA, to payment out of the Retirement Plan for Staff Employees of FCI Canada Inc., Registration No. 0588756, to FCI Canada Inc. in the amount of $166,500 as at August 31, 2007, adjusted for investment earnings and expenses thereon 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 Retirement Plan for Staff Employees of FCI Canada Inc., Registration Number 0588756, to FCI Canada Inc. in the amount of $166,500 as at August 31, 2007, adjusted for investment earnings and expenses thereon to the actual date of payment.
THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that
the members' portion of the surplus pursuant to the Surplus Sharing Proposal has been paid or otherwise provided for.
DATED at Toronto, Ontario, this 20th day of April, 2009
_________________________________________
Brian Mills
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services
Copy: Peggy McCallum, Fasken Martineau DuMoulin LLP