Disclaimer
This is a reproduction of a Consent as issued and is provided for reference purposes only. In the event of an inconsistency, the Consent as issued takes precedence over this reproduction.

 

 
Superintendent of
Financial
Services
 
Ontario Coat of Arms
 
Surintendant des
services
financiers
 

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 78(1) of the PBA, to a payment out of the pension fund for the John Deere Defined Benefit Pension Plan for Salaried Employees and Defined Contribution Pension Plan, Registration Number 0245415.

 

TO:

John Deere Canada ULC
295 Hunter Road, P.O. Box1000
Grimsby  ON  L3M 4H5

Attention:
Attention: Gail E. McCombs

General Counsel and Secretary

Applicant and Employer

AND TO:

David Vincent
Canadian Benefits Law



CONSENT

ON OR ABOUT June 23, 2014, the Superintendent of Financial Services caused to be served on John Deere Canada ULC a Notice of Intended Decision dated July 19, 2014 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the John Deere Defined Benefit Pension Plan for Salaried Employees and Defined Contribution Pension Plan, Registration Number 0245415, to John Deere Canada ULC in the amount of $110,500 as at December 31, 2013, plus adjustments to the actual date of payment.

NO REQUEST FOR 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, for the reasons set out in the Notice of Intended Decision, to the payment out of the pension fund for the John Deere Defined Benefit Pension Plan for Salaried Employees and Defined Contribution Pension Plan, Registration Number 0245415, to John Deere Canada in the amount of $110,500 as at December 31, 2013, plus adjustments to the actual date of payment.

THIS CONSENT IS EFFECTIVE ONLY AFTER the Applicant satisfies me that any payments pursuant to the Surplus Sharing Distribution Agreement to which the members, former members and any other persons are entitled to, have been paid, purchased, or otherwise provided for.

DATED at Toronto, Ontario, this this 19th day of August, 2014.

Original Signed By

John Avgeris
Director, Pension Plans Branch
by Delegated Authority from the
Superintendent of Financial Services

© Queen's Printer for Ontario, 2014