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 62.1(5) of the PBA to a payment out of the pension fund for the Pension Plan for Hourly-Rated Employees of Rubbermaid Canada Inc. Registration Number 0530022 (the “Plan”).
Newell Industries Canada Inc.
29 E. Stephenson Street
Freeport IL 61032 U.S.A.
Senior Manager, Global Benefits
Applicant and Employer
Mercer (Canada) Limited
120 Bremner Blvd., Suite 800
Toronto ON M5J 0A8
ON OR ABOUT July 22, 2016, the Superintendent of Financial Servicesissued a Notice of Intended Decision in respect of the Pension Plan for Hourly-Rated Employees of Rubbermaid Canada Inc., Registration No. 0530022, to consent, pursuant to section 62.1(5) of the PSA, to payment out of the Plan to Newell Industries Inc. in the amount of $64,736.70 as at October 31, 2015, pIus 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 PSA.
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 Hourly-Rated Employees of Rubbermaid Canada Inc. to Newell Industries Canada Inc. in the amount of $64,736.70 as at October 31, 2015, plus investment earnings thereon to the date of payment.
DATED at Toronto, Ontario, this 26th day of September, 2016.
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