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 Refuse to Make an Order under section 77.3 of the PBA relating to the INVISTA Canada Pension Plan, Registration No. 0242727
INVISTA (Canada) Company
455 Front Road, PO Box 2100
Kingston ON K7L 4Z6
Attention: Mark Lichty
Director Human Resources
Employer and Administrator of the Plan
ON OR ABOUT January 23, 2014, the Superintendent of Financial Services (the “Superintendent”) issued a Notice of Intended Decision (the “NOID”) in respect of the INVISTA Canada Pension Plan, Registration No. 0242727 (the “Plan”), proposing to refuse to order a partial wind up of the Plan under section 77.3 of the PBA.
NO REQUEST FOR HEARING was delivered to the Financial Services Tribunal by the Applicant or any other person within the time prescribed by section 89(6) of the PBA.
For the reasons set out in the NOID, I REFUSE TO ORDER that the Plan be partially wound up under section 77.3 of the PBA.
DATED at Toronto, Ontario, this 3rd day of June, 2014
Original Signed By
Deputy Superintendent, Pensions
Nelligan O’Brien Payne
50 O’Connor, Suite 1500
Ottawa ON K1P 6L2
Counsel for the Applicant
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