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 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 Unified Pension Plan for Salaried Employees of  Cascades Boxboard Group, a division of Cascades Canada Inc., Registration Number 0592360.

 

TO:

Cascades Canada Inc.
100-1601 Parent Street
St. Bruno  QC  J3V 6R7

Attention:

Caroline Tremblay
Corporate Direct, Human Resources

Applicant and Employer

AND TO:

Isabelle Trudeau
Mercer (Canada) Limited

 

CONSENT


ON OR ABOUT July 10, 2013, the Superintendent of Financial Services caused to be served on Cascades Canada Inc . a Notice of Intended Decision dated July 9, 2013 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Unified Pension Plan for Salaried Employees of  Cascades Boxboard Group, a division of Cascades Canada Inc., Registration No. 0592360, to Cascades Canada Inc.  in the amount of $3,269,611, as at September 30, 2012,  plus adjustments to the actual 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 CONSENTS, for the reasons set out in the Notice of Intended Decision, to the payment out of the of the pension fund for the Unified Pension Plan for Salaried Employees of Cascades Boxboard Group, a division of Cascades Canada Inc.  Registration Number 0592360, to Cascades Canada Inc. in the amount of $3,269,611, as at September 30, 2012, plus adjustments to the actual date of payment.

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


DATED at Toronto, Ontario, this 4th day of September, 2013

Original Signed By

John Avgeris
Director (Ag), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services


© Queen's Printer for Ontario, 2013