PPG Canada Inc. Non-Contributory Pension Plan for Salaried Employees - January 3, 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 Revoke the Registration of an Amendment under section 89(1) of the PBA in respect of the PPG Canada Inc. Non-Contributory Pension Plan for Salaried Employees, Registration Number 0337048

AND IN THE MATTER OF a Proposal of the Superintendent of Financial Services to Make an Order under section 87 of the PBA in Respect of the PPG Canada Inc. Non-Contributory Pension Plan for Salaried Employees, Registration Number 0337048  

TO:                

PPG Canada Inc.
834 Caledonia Road
Toronto ON  
M6B 3X9

Attention: Mark F. Shoemaker
Director, Finance and Human Resources

Employer and Administrator


ORDER

 

ON OR ABOUT December 18, 2006, the Superintendent of Financial Services (the “Superintendent”) issued a Notice of Proposal (the “NOP”) in respect of the PPG Canada Inc. Non-Contributory Pension Plan for Salaried Employees, Registration Number 0337048 (the  “Plan”).

A REQUEST FOR HEARING dated January 17, 2007 was received by the Financial Services Tribunal (the “Tribunal”) on January 18, 2007 in connection with this matter and a hearing was held on September 19 and 20, 2007.

THE TRIBUNAL, in its Reasons for Decision dated November 26, 2007 (the “Decision”), directed the Superintendent to proceed with the NOP and revoke the registration of Amendment 8 to the Plan.

NO APPEAL has been taken from the Decision under section 91 of the PBA by PPG Canada Inc. and, therefore, the Decision is final.

For the reasons set out in the Decision, I ORDER that the registration of Amendment 8 in respect of the PPG Canada Inc. Non-Contributory Retirement Plan for Salaried Employees, Registration Number 0337048, is revoked.

 

DATED at Toronto, Ontario, this  3rd day of January, 2008.

 

 

 

______________________________                          

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

 

 

Copy:  

Mercer Human Resource Consulting
BCE Place
161 Bay Street, P.O. Box 501
Toronto ON 
M5J 2S5

Attention: Duncan B. Richardson

Copy:

Gowling Lafleur Henderson LLP
Suite 1600, 1 First Canadian Place
100 King Street West
Toronto ON
M5X 1G5

Attention: Clifton P. Prophet

 
Follow FSCO on social media  

Outage  Scheduled Online Service Disruption Notice
Please consult our outage schedule for more details.