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 78(1) of the PBA, to a payment out of the pension fund for the Pension Plan for Employees of Superior Propane, A division of Superior Plus LP (formerly the Superior Propane Inc. Employees' Pension Plan), Registration Number 0939041.
Superior General Partner Inc., in its capacity as General Partner of Superior Plus LP
c/o Mr. Lorne O'Reilly
Superior Propane Inc.
1111-49th Avenue N.E.
Mr. Lorne O'Reilly
Applicant and Employer
I INTEND TO CONSENT, under section 78(1) of the PBA, to the payment out of the pension fund for the Pension Plan for Employees of Superior Propane, A division of Superior Plus LP (formerly the Superior Propane Inc. Employees' Pension Plan), Registration Number 0939041 (the “Plan”), to Superior General Partner Inc., in its capacity as General Partner of Superior Plus LP, in the amount of $724,870.50 as at January 1, 2013 plus investment earnings and other adjustments thereon to the date of payment.
I INTEND TO MAKE THE CONSENT effective only after the Applicant satisfies me that all benefits pursuant to the surplus distribution agreement set out in paragraph 4 below have been paid or otherwise provided for.
I INTEND TO CONSENT FOR THE FOLLOWING REASONS:
YOUR WRITTEN NOTICE must be delivered to:
Financial Services Tribunal
5160 Yonge Street
Attention: The Registrar
FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone at 416- 590-7294, toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.
IF YOU FAIL TO REQUEST A HEARING WITHIN THIRTY (30) DAYS, I MAY CARRY OUT THE INTENDED DECISION AS DESCRIBED IN THIS NOTICE.
DATED at Toronto, Ontario, this 21st day of March, 2013.
Original Signed By
Deputy Superintendent, Pensions (Acting)
1NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the fifth day after the date of mailing.
© Queen's Printer for Ontario, 2013