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, as amended (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 Gilbarco Canada LP Employees' Pension Plan, Registration Number 0252049 (the “Plan”).

TO:

Gilbarco Canada LP
204-9 Broad Street
Brockville ON  K6V 6Z4

Attention:

Nancy Jowett
Manager, Finance & Accounting

Applicant and Employer

AND TO:

Lewis Gottheil
Legal Counsel
UNIFOR Canada National Office
205 Placer Court
Toronto ON  M2H 3H9

CONSENT

ON OR ABOUT July 30, 2015, the Superintendent of Financial Services caused to be served on Gilbarco Canada LP a Notice of Intended Decision dated July 29, 2015, to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Gilbarco Canada LP Employees' Pension Plan, Registration Number 0252049, to Gilbarco Canada LP in the amount of $458,410 as at January 1, 2011, plus adjustments to the actual date of payment.

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 Gilbarco Canada LP Employees' Pension Plan, Registration Number 0252049, to Gilbarco Canada LP in the amount of $458,410 as at January 1, 2011, plus adjustments to the actual date of payment.

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

DATED at Toronto, Ontario, this 12th day of  May,  2016 .

 

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

© Queen's Printer for Ontario, 2016