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 Pension Plan for Employees of Brookfield Homes (Ontario) Limited, Registration Number 0238451 (the “Plan”).

TO:

Brookfield Homes (Ontario) Limited
100 - 7303 Warden Avenue
Markham ON L3R 5Y6

Attention:

Cynthia Bautista
Director, Human Resources

Applicant and Employer

AND TO:

Stephanie J. Kalinowski
Hicks Morley Hamilton Steward Storie LLP
39th Floor, Box 371, TD Centre
77 King Street West
Toronto ON M5K 1K8

CONSENT

ON OR ABOUT July 26, 2017, the Superintendent of Financial Services caused to be served on Brookfield Homes (Ontario) Limited a Notice of Intended Decision dated July 26, 2017, to consent, pursuant to section 78(1) of the PBA, to payment out of the pension fund for the Pension Plan for Employees of Brookfield Homes (Ontario) Limited to Brookfield Homes (Ontario) Limited in the amount of $181,700 as at December 31, 2015, 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 pension fund for the Pension Plan for Employees of Brookfield Homes (Ontario) Limited, Registration Number 0238451, to Brookfield Homes (Ontario) Limited in the amount of $181,700 as at December 31, 2015, plus adjustments to the actual date of payment.

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

DATED at Toronto, Ontario, this 4th day of October, 2017.

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

© Queen's Printer for Ontario, 2017