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 Citibank Canada Pension Plan, Registration Number 580001 (the “Plan”).
123 Front Street W
Toronto ON M5J 2M3
SVP, Compensation & Benefits
Applicant and Employer
ON OR ABOUT September 3, 2015, the Superintendent of Financial Services issued a Notice of Intended Decision in respect of the Citibank Canada Pension Plan, Registration No. 580001, to consent, pursuant to section 62.1(5) of the PBA, to payment out of the Plan to Citibank Canada in the amount of $3,572.82 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 Citibank Canada Pension Plan to Citibank Canada in the amount of $3,572.82 plus investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 28th day of October, 2015.
Original Signed By
Director, Pension Plans Branch (Interim)
by Delegated Authority from the Superintendent of Financial Services
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