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 62.1(5) of the PBA to a payment out of the pension fund for the Cascades Boxboard Group – Toronto, a division of Cascades Canada Inc. Pension Plan for Employees who are Members of the CEP Locals 1112 and 333, Registration Number 0459636 (the “Plan”).

 

TO:

Cascades Canada Inc.
1061 Parent Street  
St. Bruno  QC  J3V 6R7

Attention:

Caroline Tremblay 
Corporate Director, Human Resources  


AND TO:

Isabelle Trudeau
Principal
Mercer (Canada) Limited
1981 McGill College Avenue, Suite 800
Montreal  QC  H3A 3T5



CONSENT

ON OR ABOUT September 10, 2014, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Cascades Boxboard Group – Toronto, a division of Cascades Canada Inc. Pension Plan for Employees who are Members of the CEP Locals 1112 and 333, Registration No. 0459636, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Cascades Canada Inc. in the amount of $2,984,427, as at May 31, 2014, plus investment earnings thereon to the date of the 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 Cascades Boxboard Group – Toronto, a division of Cascades Canada Inc. Pension Plan for Employees who are Members of the CEP Locals 1112 and 333 to Cascades Canada Inc. in the amount of $2,984,427, as at May 31, 2014, plus investment earnings thereon to the date of the payment.

DATED at Toronto, Ontario, this this 3rd day of November, 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