Weyerhauser Company Limited  - October 9, 2007

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(4) of the PBA consenting to a payment out of the Weyerhaeuser Company Limited Employees' Pension Plan (Plan 02) (the Plan), Registration Number 202549.

TO:

Weyerhaeuser Company Limited
925 West Georgia Street
Vancouver, BC
V6C 3L2

 

ORDER

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.

 

IT IS THEREFORE ORDERED to consent to the payment, out of the Plan, to Weyerhaeuser Company Limited, as at September 7, 2005 in the amount of $12,649.98 plus interest to the date of payment for the following reasons:

  1. Weyerhaeuser Company Limited is the employer as defined in the Plan.

  2. As a result of the employer funding the 2005 contributions (current service and    solvency payments) on the basis of the January 1, 2002 valuation report, when the valuation report as at January 1, 2005 was filed, such contributions exceeded those required by the new report.

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

 

DATED at Toronto, Ontario, this 9th day of October, 2007

 

 


__________________________

Tom Golfetto
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

 
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