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 of Intended Decision of the Superintendent of Financial Services to make an Order under section 83 of the PBA,respecting the Retirement Plan for Salaried Employees of Northern Sawmills Inc. Registration Number 1192400.
Morneau Shepell Ltd.
895 Don Mills Road
Tower One, Suite 700
Toronto, ON M3C 1W3
Northern Sawmills Inc.
Mc Intyre Centre
PO Box 29039
Thunder Bay, ON P7B 6P9
Fasken Martineau Dumoulin LLP
Bay Adelaide Centre, Box 20
2400-333 Bay Street
Toronto, ON M5H 2T6
Legal Counsel for Administrator
Tracey C. Sandler
Osler, Hoskin & Harcourt LLP
1 First Canadian Place
PO Box 50, Stn. 1st Cdn. Place
Toronto, ON M5X 1B8
Legal Counsel for the Receiver
I INTEND TO CONSENT, under section 78(1) of the PBA, to the payment out of the pension fund for the London Life Staff Pension Plan, Registration Number 343668 (the “Plan”), to London Life Insurance Company, in the amount of $44,046,400.00 (consolidated amount) as at the date of the five partial wind ups effective December 31, 1995, December, 31, 1995, December 31, 1997, December 31, 1998 and April 1, 2001, plus adjustments to the actual date of payment.
I INTEND TO CONSENT FOR THE FOLLOWING REASONS:
YOU ARE ENTITLED TO A HEARING by the Financial Services Tribunal (the “Tribunal”) pursuant to section 89(6) of the PBA. To request a hearing, you must deliver to the Tribunal a written notice that you require a hearing, within thirty (30) days after this Notice of Intended Decision is served on you.1
YOUR WRITTEN NOTICE must be delivered to:
Financial Services Tribunal
5160 Yonge Street
Attention: The Registrar
FOR FURTHER INFORMATION on a Form for the written notice, please see the Tribunal website at www.fstontario.ca or contact the Registrar of the Tribunal by phone at 416- 590-7294, toll free at 1-800-668-0128, ext. 7294, or by fax at 416-226-7750.
IF YOU FAIL TO REQUEST A HEARING WITHIN THIRTY (30) DAYS, I MAY CARRY OUT THE INTENDED DECISION AS DESCRIBED IN THIS NOTICE.
DATED at Toronto, Ontario, this 23rd day of May, 2013.
Original Signed By
Deputy Superintendent, Pensions (Acting)
1NOTE - Pursuant to section 112 of the PBA any Notice, Order or other document is sufficiently given, served or delivered if delivered personally or sent by regular mail and any document sent by regular mail shall be deemed to be given, served or delivered on the fifth day after the date of mailing.
© Queen's Printer for Ontario, 2013