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 Industrial Tires Limited, Registration Number 0467555 (the “Plan”).

 

TO:

Thompson Tomev Actuarial
206 Laird Drive, Suite 208
Toronto, ON   M4G 3W4

Attention:

Chris Tomev, FSA, FCIA

Partner and Actuary


AND TO:

Radek Costa-Sarnicki
Vice President of Finance
Dynamic Tire Corporation
211 Hunter’s Valley Road
Woodbridge, ON    L4H 3V9

CONSENT


ON OR ABOUT August 11, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Pension Plan for Employees of Industrial Tires Limited, Registration No. 0467555, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Dynamic Tire Corporation in the amount of $359,885, as at November 26, 2013, 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 Pension Plan for Employees of Industrial Tires Limited to Dynamic Tire Corporation in the amount of $359,885, as at November 26, 2013, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this this 15th day of October, 2014.

Original Signed By

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


© Queen's Printer for Ontario, 2014