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 Pension Plan for Employees of Panolam Industries Ltd., Registration Number 1031939 (the “Plan”).

 

TO:

Panolam Industries Ltd.
P.O. Box 7500, Muskoka Road 3
Huntsville ON  P1H 2J7

Attention:
Mr. Al Stobbart

Plant Manager

Applicant and Employer

 

CONSENT

ON OR ABOUT May 13, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Pension Plan for Employees of Panolam Industries Ltd., Registration No. 1031939, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Panolam Industries Ltd. in the amount of $454,091 as at March 31, 2015, plus investment earnings thereon to the date of payment.

Si vous désirez recevoir cet avis en français, veuillez envoyer votre demande immédiatement à: Adjointe, audiences, Greffe, Commission des services financiers de l’Ontario, 5160 rue Yonge, boîte 85, Toronto ON M2N 6L9.

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 Plan for Employees of Panolam Industries Ltd. to Panolam Industries Ltd. in the amount of $454,091 as at March 31, 2015, plus investment earnings thereon to the date of payment.

DATED at Toronto, Ontario, this this 7th day of July, 2015.

Original Signed By

Gino Marandola
Director, Pension Plans Branch (Interim)
by Delegated Authority from the Superintendent of Financial Services

© Queen's Printer for Ontario, 2015