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 of 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 Pension Plan for Employees of Givaudan Canada Co., Registration Number 0286765 (the “Plan”).
Givaudan Canada Co.
2400 Matheson Blvd. E.
Mississauga ON L4W 5G9
Applicant and Employer
ON OR ABOUT July 22, 2016, the Superintendent of Financial Services caused to be served on Givaudan Canada Co., a Notice of Intended Decision dated July 21, 2016, to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Pension Plan for Employees of Givaudan Canada Co., Registration Number 0286765, in the amount of S266,650, as at April 30, 2015, plus adjustments to the actual 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 Pension Plan for Employees of Givaudan Canada Co. Registration Number 0286765, to Givaudan Canada Co. in the amount of $266,650 as at April 30, 2015, plus adiustments to the actual date of payment.
DATED at Toronto, Ontario, this 26th day of September, 2016.
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