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, as amended (the “PBA”);

AND IN THE MATTER OF a Notice Intended Decision of the Superintendent of Financial Services to consent under section 78(1) of the PBA to a payment out of the pension fund for The Benjamin Moore & Co., Limited Pension Plan, Registration Number 0278952.

 

TO:

Benjamin Moore & Co., Limited

101 Paragon Drive
Montvale NJ  07645
USA

Attention:
Anne Beliveau
Benefits Specialist

Applicant and Employer

AND TO:

Guillaume Richard
Mercer (Canada) Limited
800 - 120 Bremner Boulevard
Toronto ON  M5J 0A8


CONSENT

ON OR ABOUT February 25, 2016, the Superintendent of Financial Services caused to be served on Benjamin Moore & Co., Limited, a Notice of Intended Decision dated February 25, 2016, to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for The Benjamin Moore & Co., Limited Pension Plan, Registration Number 0278952, to Benjamin Moore & Co., Limited, in the amount of $512,000 as at December 31, 2012, adjusted for investment returns, actual expenses, and any outstanding benefit payments, plus any adjustments thereon 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 THEREFORE CONSENTS, for the reasons set out in the Notice of Intended Decision, to the payment out of the pension fund for The Benjamin Moore & Co., Limited Pension Plan, Registration Number 0278952, to Benjamin Moore & Co., Limited, in the amount of $512,000 as at December 31, 2012, adjusted for investment returns, actual expenses, and any outstanding benefit payments, plus any adjustments thereon to the actual date of payment.


DATED at Toronto, Ontario, this 26th day of April, 2016.

Original Signed By

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

© Queen's Printer for Ontario, 2016