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 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 0290353 (the “Plan”).

 

TO:

Prysmian Power Cables and Systems Canada Ltd.
700 Industrial Drive
Lexington  SC
USA  29072

Attention:
Daniele Mazzarella

CFO, Prysmian Power Group North America


Applicant and Employer

AND TO:

Viktoria Maguire
Mercer (Canada) Limited
Brookfield Pl., P.O. Box 501
161 Bay Street
Toronto  ON  M5J 2S5


CONSENT

ON OR ABOUT July 21, 2014, the Superintendent of Financial Services caused to be served on Prysmian Power Cables and Systems Canada Ltd. a Notice of Intended Decision dated July 18, 2014 to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Prysmian Canada Pension Plan, Registration Number 0290353, to Prysmian Power Cables and Systems Canada Ltd. in the amount of $68,350, as at May 31, 2013, with interest thereon.

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 Prysmian Canada Pension Plan, Registration Number 0290353 to Prysmian Power Cables and Systems Canada Ltd. in the amount of $68,350, as at May 31, 2013, with interest thereon.

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

 

DATED at Toronto, Ontario, this this 24th day of October, 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