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 Retirement Plan for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc., Registration Number 0505875 (the “Plan”).

 

TO:

Colgate-Palmolive Canada Inc.
Two Morneau Shepell Centre, 5th Floor
895 Don Mills Road
Toronto ON M3C 1W3

Attention:
Kathy Conneely

Applicant and Employer

AND TO:

Canadian Benefits Law
66 Wellington Street West
PO Box 1159
Toronto ON M5K 1P2

Attention: J. David Vincent

Counsel for the Employer

AND TO:

Sack Goldblatt Mitchell LLP
1100-20 Dundas Street West
Toronto ON M5G 2G8

Attention:

Doug LeFaive

Counsel for the PWU Members


CONSENT

ON OR ABOUT October 8, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Retirement Plan for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc., Registration No. 0505875, to consent, pursuant to section 78(1) of the PBA, to payment out of the Plan to Colgate-Palmolive Canada Inc. in the amount of $275,000, as at September 30, 2014, plus adjustments to the actual 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 Retirement Plan for Hourly-Rated Bargaining Employees of Colgate Palmolive Canada Inc. to Colgate-Palmolive Canada Inc. in the amount of $275,000, as at September 30, 2014, plus adjustments to the actual date of payment.

DATED at Toronto, Ontario, this 26th day of November, 2015.

Original Signed By

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


© Queen's Printer for Ontario, 2015