Royal Oak Dairy - February 12, 2007

IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8 (PBA);

AND IN THE MATTER OF a Proposal by the Superintendent of Financial Services to make an Order under section 78(1) of the PBA consenting to a payment out of the Royal Oak Dairy Retirement Plan, Registration Number 465922.

TO:

Parmalat Food Inc.
405 The West Mall, 10th Floor
Etobicoke ON M9C 5J1

Attention:

Mr. John Dalton
Pension Advisor

Applicant and Employer

 

CONSENT

On or about December 18, 2006, the Superintendent of Financial Services caused to be served on Parmalat Food Inc. a Notice of Proposal dated December 18, 2006 to consent, pursuant to section 78(1) of the PBA, to the payment out of the Royal Oak Dairy Retirement Plan, Registration Number 465922, to Parmalat Food Inc. in the amount of $448,409 as at July 31, 2005 plus interest to the actual date of payment.

No Notice requiring a 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 to the payment out of the Royal Oak Dairy Retirement Plan, Registration Number 465922, to Parmalat Food Inc. in the amount of $448,409 as at July 31, 2005 plus interest to the actual date of payment.

THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that the members’ surplus entitlements have been paid or otherwise provided for.

DATED at Toronto, Ontario, this 12th day of February, 2007

 

Tom Golfetto,
Director, Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

Anthony Devir, Osler, Hoskin & Harcourt LLP