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 the Employees of Basell Canada Inc./Régime de Retraite des Employés de Basell Canada Inc., Registration Number 494997(the “Plan”).

 

TO:

Basell Canada Inc.
LyondellBasell Benefits Department
LyondellBasell Tower
300-1221 McKinney Street
Houston TX  77010
USA

Attention:
Peggy J. Pfister

Senior Manager, North American Qualified Plans



CONSENT

ON OR ABOUT  December 30, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Pension Plan for the Employees of Basell Canada Inc./Régime de Retraite des Employés de Basell Canada Inc., Registration No. 494997, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the pension fund for the Plan to Basell Canada Inc. in the amount of $2,394,193, as at March 31, 2014, with interest 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 fund for the Plan to Basell Canada Inc. in the amount of $2,394,193, as at March 31, 2014, with interest thereon to the date of the payment.

DATED at Toronto, Ontario, this 11th day of March, 2015.

Original Signed By

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

© Queen's Printer for Ontario, 2015