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l mu ill noumomt'u.cumin-sud» rim. I7 :01 l . is Th ' ' ' f ' l f ' r e 1' lsmg Importance 0 [38118101] I) ans 01° busmesses n ”we ol' significant employees in companies with ingand retaining skilled employees. term lor business, government or the ‘ importance tor employ» . ‘ w ~~ ‘ I less than 500 workers are mem- As government fiscal pressures mount, employees, l ers across Waterloo -.\ l y i l l = N t bers of an RPP. while 80 percent alternatives to the (PP must be examined for «- r Region and (armada is pensions ‘ ‘ ‘ I‘ f of employees in companies of meeting escalating current and future 3 and the retirement income sys- more than 500 workers are cov~ requirements. [an Mclzan ts presulemund tern. ered. A heavy dependence on taxpayer-funded (II-IO oflhe Greater IO N Interest in [his portfolio is not To reverse this trend for the programs is not sustainable over the longer (Ihamberufffiummen‘e confined to business owners. ‘, private sector and small busi- labour unions and other related ‘. '95 ness in particular. the House of associations have also been 9;; I Commons passed Bill (3-25 in highly active in ongoing debates f .. lune 2012, which provides a Nobody ever plans to make the taxman for ensuring that the Canadian ‘ ‘ framework for Pooled Regis» - - . . population is financially pre- ‘ tered Pension Plans (PRPPs). a benefIC'ary Of thelr WI“.- pared for their post~w0rking This new option for retirement years and subsequently limits income is a relatively uncompli» government responsibility, par- r" ' ,, ' , ' cared defined contribution plan Planning ahead can help you avOld leaving your loved Russ McEamme CFP CPCA. CDFA ticularly as all levels struggle with large that COUECIS assets from multiple employers ones With a tax burden. ensuring they receive the deficits and debt levels. Bl" (3'25 applies [0 workers in federally maxtmum amount from your estate 5: Em Fm“ Cm "m A major component ofthe current discus regulated sectors such as telecommunica- m ‘ sion is the number of workers currently cow “OTIS. banks and transportation. Workers in Call me to find out how The Plan by Investors GNP a ”M m ered by a Registered Pension Plan (RPM and other sectors that are provincially regulated ‘3" W W“ W“ '°' m" ”9°?” W” cm “5““ mm mm on 24- the need for additional options to increase are “OI eligible until pmincial governments nowand overtime. this coverage. pass enabling legislation ‘ Statistics released last September by the Our chamber recently hosted an event on ‘ M t .4 n-t ( .r 3.- Canadian 1er and Health Insurance Associa» lune 14 With presentations from Tom Reid of tion indicated that the proportion of employ- Sun Life. Nancy Campbell of Manulife. and . ees paying into these plans dropped by Mo Teresa Norris-[lie from the Oowan lnsuranoe www.russmceachme.com percent to 39 per cent overall during the past G"0UP “3881’de the benefits 0! PRPPS Our decade. Most notably. only 24 per cent of Chamber and 0018f businms organizations m PM workers in the private sector have coverage. 30055 Canada have been strong supporters . h, compared to 28 per cent 10 years ago of PRPP implementation. Many of our mem- McEachnie 319951013 Of higher significance is the variance bers. particularly smaller employers, have CFP. CPCA. CDFA I‘Dup' between employees of large and small organ. indicated that the provision of an adequate "mm-.5 owned by (334 Fmanna. lrr ar: “an” m M “wimp, mo... m lam- he izations. Approximately 10 per cent of pension PM" is a key factor for how attract- “"‘°""°"5 MPl‘l‘leIl l . ' . \_‘ _ (I 5‘ ?REM|UM ClJTJGF SPEClALTY BEEF. 3 RA I BURGERS.SAUSAGES AND II t f «’ 1 ,. t f‘ . A ,_./ S uROUND BEEF LOCALLY RAISED ,QMn tNCALEDON ONTARIO. .‘ . l I f _, ,- 777,, " ' \ 1:1lNll’5‘fJ)!Nl' RUAL‘ "‘ 13:)‘u.0le~F«‘!0 LQV 1‘ ’i= ‘30“) llfi‘tl 32‘)? V . a . . » ' , 9 . > low.- r“.01L;~,:~.;<"- _ . _ ' .