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 Dow Chemical Canada ULC Sarnia Hourly Employees Pension Plan, Registration Number 366609 (the “Plan”).

 

TO:

Dow Chemical Canada ULC
2020 Dow Centre
Midland MI  48674
USA

Attention:
Bryan Jendretzke

Senior Benefits Manager

Applicant and Employer

AND TO:

Trevor Cartlidge
Senior Consulting Actuary
Towers Watson Canada Inc.
1701-175 Bloor Street E
South Tower
Toronto ON  M4W 3T6



CONSENT

ON OR ABOUT May 13, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Dow Chemical Canada ULC Sarnia Hourly Employees Pension Plan, Registration No. 366609, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Dow Chemical Canada ULC in the amount of $7,138,609.64, as at January 31, 2015, plus investment earnings thereon to the date of payment.

Si vous désirez recevoir cet avis en français, veuillez envoyer votre demande immédiatement à: Adjointe, audiences, Greffe, Commission des services financiers de l’Ontario, 5160 rue Yonge, boîte 85, Toronto ON M2N 6L9.

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 Dow Chemical Canada ULC Sarnia Hourly Employees Pension Plan to Dow Chemical Canada ULC in the amount of $7,138,609.64, as at January 31, 2015, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this 28 day of July, 2015.

Original Signed By

Gino Marandola
Director, Pension Plans Branch (Interim)
by Delegated Authority from the Superintendent of Financial Services

© Queen's Printer for Ontario, 2015