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, 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 ITW Canada Pension Plan, Registration Number 0230136.

 

TO:

ITW Canada
120 Travail Road
Markham  ON  L3S 3J1

Attention: Brenda Henry
Human Resources Manager

Applicant and Employer

AND TO:

Todd Hellstrom
Aon Hewitt
225 King Street West, Suite 1600
Toronto  ON  M5V 3M2

 

CONSENT

ON OR ABOUT April 7, 2014, the Superintendent of Financial Services caused to be served on ITW Canada a Notice of Intended Decision dated April 7, 2014 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the ITW Canada Pension Plan, Registration Number 0230136, to ITW Canada in the amount of $1,263,422, as at January 1, 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 ITW Canada Pension Plan, Registration Number 0230136, to ITW Canada in the amount of $1,263,422, as at January 1, 2013, plus adjustments to the actual date of payment.

DATED at Toronto, Ontario, this this 13th day of June, 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