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 Retirement Plan of the Ontario Cancer Institute, Registration Number 0285254 (the “Plan”).

 

TO:

University Health Network
R. Fraser Elliott Building
190 Elizabeth Street, Second Floor
Toronto ON M5G 2C4

Attention:

Emma Pavlov
Sr. Vice President, HR & OD

AND TO:

Mercer (Canada) Limited

Attention:

Catherine Graham

Applicant and Employer



CONSENT

ON OR ABOUT October 29, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of The Retirement Plan of the Ontario Cancer Institute, Registration No. 0285254, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to University Health Network, in the amount of $989,866.06, as at June 30, 2014, plus investment earnings thereon 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 Retirement Plan of the Ontario Cancer Institute, to University Health Network, in the amount of $989,866.06, as at June 30, 2014, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this 23rd day of December, 2014.

Original Signed By

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


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