Pension Plan for Hourly-Paid Employees of Loblaw Supermarkets Limited Registration Number - July 17, 2008.

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 Proposal of the Superintendent of Financial Services to Refuse to Consent to a transfer of assets under section 81 of the PBA from the  Willett Foods Inc. Retirement Plan Registration Number 954941 to the  Pension Plan for Hourly-Paid Employees of Loblaw Supermarkets Limited Registration Number 340174

TO:                

Loblaws Companies Limited
22 St. Clair Avenue East,
Suite 1901
Toronto  Ontario
M4T 2S7

Attention: Employer and Administrator

 

ORDER

ON or about July 13, 2007 , the  Superintendent of Financial Services (“Superintendent”) issued a NOTICE OF PROPOSAL (the “Notice of Proposal”) wherein he proposed TO REFUSE TO CONSENT TO A TRANSFER OF ASSETS effective December 31, 2001 from the Willett Foods Inc. Retirement Plan Registration Number 954941 (the “ Plan”) to the Pension Plan for Hourly-Paid Employees of Loblaw Supermarkets Limited Registration Number 340174 (the “Loblaw Plan”) under section 81 of the PBA.

NO REQUEST FOR HEARING was delivered to the Financial Services Tribunal by the Employer and Administrator or any other person within the time set out in section 89(6) of the PBA.

For the Reasons set out in the Notice of Proposal, the Superintendent REFUSES TO CONSENT to a transfer of assets effective December 31, 2001, from the Plan to the Loblaw Plan, under section 81 of the PBA.

 

DATED at Toronto, Ontario, this 17th day of July, 2008

 

 

_____________________________________

Toni Mancini
Director (Acting), Pension Plans Branch
by Delegated Authority from
the Superintendent of Financial Services

Copy:

Towers Perrin
175 Bloor Street East, South Tower, Suite 1501
Toronto, Ontario    M4W 3T6

Attention: Rosario Cristiano


 
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