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 Chemtura Canada Retirement Plan, Registration Number 0948620 (the “Plan”).
Chemtura Canada Co./Cie
c/o Chemtura Corporation
199 Benson Road
Middlebury CT 06762
Benefits Consultant – North America
Applicant and Employer
ON OR ABOUT May 13, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Chemtura Canada Retirement Plan, Registration No. 0948620, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Chemtura Canada Co./Cie in the amount of $447,738, as at October 31, 2014, plus investment earnings thereon to the date of payment.
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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 Chemtura Canada Retirement Plan to Chemtura Canada Co./Cie in the amount of $447,738, as at October 31, 2014, with investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 30th day of June, 2015.
Original Signed By
Director, Pension Plans Branch (Interim)
by Delegated Authority from the
Superintendent of Financial Services