IN THE MATTER OF the Pension Benefits Act, R.S.O. 1990, c. P.8, (the “PBA”);
AND IN THE MATTER OF a Notice of Intended Decision of the Superintendent of Financial Services to consent under section 62.1(5) of the PBA to a payment out of the pension fund for the Non-contributory Pension Plan For Hourly-Paid Employees of Ifastgroupe 2004 L.P., Ingersoll Fasteners Division, Registration Number 0385518 (the “Plan”).
Ifastgroupe 2004 Limited Partnership
c/o Mercer (Canada) Limited
1981 McGill College Avenue, Suite 800
Montreal QC H3A 3T5
Acting Director – Human Resources and Employee Benefits
Applicant and Employer
Mercer (Canada) Limited
I INTEND TO CONSENT, under section 62.1(5) of the PBA, to the payment out of the pension fund for the Plan to the Ifastgroupe 2004 Limited Partnership, in the amount of $322,800 as at July 31, 2013 plus investment earnings thereon to the date of the payment.
I INTEND TO CONSENT FOR THE FOLLOWING REASONS:
I am satisfied that the Company’s application for overpayment has been filed within the time limits set out in 62.1(4) of the PBA.
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 15th day of November, 2013.
Original Signed By
Deputy Superintendent, Pensions
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