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 consent, under section 78(1) of the PBA, to a payment out of the pension fund for the Prysmian Canada Pension Plan, Registration Number 290353.
Prysmian Power Cables and Systems Canada ltd.
700 Industrial Drive
Attention: Daniele Mazzarella
CFO, Prysmian Power Group North America
Applicant and Employer
Mercer (Canada) Limited
I INTEND TO CONSENT, under section 78(1) of the PBA, to the payment out of the Prysmian Canada Pension Plan, Registration Number 290353 (the “Plan”), to Prysmian Power Cables and Systems Canada Ltd., in the amount of $68,350 as at May 31, 2013 plus adjustments to the actual date of payment.
I INTEND TO MAKE THE CONSENT effective only after the Applicant satisfies me that 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.
I INTEND TO CONSENT FOR THE FOLLOWING REASONS:
the surplus in the Plan at the date of payment, after deduction of expenses, is to be distributed:
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 18th day of July, 2014
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, 2014