Disclaimer
This is a reproduction of a CONSENT as issued and is provided for reference purposes only. In the event of an inconsistency, the CONSENT as issued takes precedence over this reproduction.

 

 
Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, (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 Pension Plan for Employees of Garlock of Canada Ltd., Registration Number 0252593 (the “Plan”).

TO:

Mercer
161 Bay Street, P.O. Box 501
Toronto ON  M5J 2S5

Attention:

Mariette Matos
Principal

Applicant

 

CONSENT

ON OR ABOUT May 17, 2012, the Superintendent of Financial Services issued a Notice of Intended Decision, dated in error April 17, 2012, in respect of the Pension Plan for Employees of Garlock of Canada Ltd., Registration No. 0252593, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Garlock of Canada Ltd. in the amount of $178,700, as at December 31, 2011, plus interest to the date of payment.

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 Pension Plan for Employees of Garlock of Canada Ltd. to Garlock of Canada Ltd. in the amount of $178,700, as at December 31, 2011, plus interest to the date of payment.

 

DATED at Toronto, Ontario, 5th day of July, 2012.

Original Signed By

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


© Queen's Printer for Ontario, 2012