Jim Pattison Industries Ltd. - June 15, 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 Ripley’s Canada Pension Plan (Formerly The Revised Pension Plan for Employees of Ripley’s Believe It Or Not!, A Division of Jim Pattison Industries Ltd.), Registration Number 0387225.

TO:    

Jim Pattison Entertainment Ltd.
7576 Kingspointe Parkway, Suite 188
Orlando, FL   32819
USA

Attention:         

Darren Loblaw,
Chief Financial Officer

 

Applicant and Employer

CONSENT

On or about April 24, 2007 the Superintendent of Financial Services caused to be served on Jim Pattison Entertainment Ltd. (Formerly Jim Pattison Industries Ltd.) a Notice of Proposal dated April 24, 2007 to consent, pursuant to section 78(1) of the PBA, to payment out of the Ripley’s Canada Pension Plan, Registration No.0387225, to Jim Pattison Entertainment Ltd., in the amount of $66,617 as at August 30, 1993, the date of the partial windup, plus investment earnings thereon to the date of payment and net of investment management fees and custody fees in the form of a transfer to the continuing portion of the Plan.

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 Ripley’s Canada Pension Plan, Registration Number 0387225, to Jim Pattison Entertainment Ltd. in the amount of $66,617 as at August 30, 1993, the date of the partial windup, plus investment earnings thereon to the date of payment and net of investment management fees and custody fees in the form of a transfer to the continuing portion of the Plan.

DATED at Toronto, Ontario, this 15th day of June, 2007

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

 
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