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 Intended Decision of the Superintendent of Financial Services to consent under section 78(1) of the PBA to a payment out of the pension fund for the Ethyl Canada Inc. Salaried Employees' Pension Plan, Registration Number 0410167 (the “Plan”).

 

TO:

Ethyl Canada Inc.
220 St. Clair Parkway
Corunna ON   N0N 1G0

Attention:

Luigi Cicchini
Director

Applicant and Employer

AND TO:

Anthony Devir
Osler, Hoskin & Harcourt LLP
Toronto ON   M5X 1B8

 

CONSENT

ON OR ABOUT April 18, 2012, the Superintendent of Financial Services caused to be served on Ethyl Canada Inc. a Notice of Intended Decision dated April 18, 2012 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Ethyl Canada Inc. Salaried Employees' Pension Plan, Registration Number 0410167, to Ethyl Canada Inc. in the amount of $825,000, as at April 8, 2011, with interest thereon.

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 fund for the Ethyl Canada Inc. Salaried Employees' Pension Plan, Registration Number 0410167 to Ethyl Canada Inc. in the amount of $825,000, as at April 8, 2011, with interest thereon.

THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that
any payments pursuant to the Surplus Sharing Agreement to which the members, former members and any other persons are entitled, and any other payments to which the members, former members and any other persons are entitled, have been paid, purchased or otherwise provided for.

 

DATED at Toronto, Ontario, this 20st 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