Retirement Planning for Small and Medium-Sized Employers

Article Abstract:

Retirement planning in the small and medium-sized businesses is more complicated than for large employers, due the variability in their characteristics and needs. Potential legislation mandating a government-sponsored or employer-sponsored program should be adequate motivation for these employers to consider the available pension plans. Registered pension plans, deferred profit sharing plans (DPSPs) and registered retirement savings plans (RRSPs) are choices of employers, due to the tax- effective means of accumulating retirement income that they provide. A three-step plan, including design, implementation and communication, is the process taken in establishing a pension plan. Two types, defined- benefit and defined-contribution plans, are available. Generally, defined-contribution is more appropriate to a small business, cash flow, but it penalizes older employees. Pension reform in Canada has been a prime concern. This has led to some new choices for small employers. Tax implications of the three types of plans are outlined in a chart. Additional voluntary contributions can be permitted by employees under many circumstances. The 'flip-flop' technique is sometimes employed for this and is especially attractive to higher paid employees.

Officials and employees, Small business, Appointments, resignations and dismissals, Retirement pensions

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Employers: consider change carefully

Article Abstract:

A survey of Canadian employees' attitudes towards organisational change, merger and takeover is presented. The results show that change in the workplace is common and how it is managed affects employees' feelings directly.

Acquisitions and mergers, Surveys, Employee motivation, Organizational change, Downsizing (Management)

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The more things change ...

Article Abstract:

Issues are presented concerning the influence of electronic commerce on the trading performance and management of confectionary business Rogers' Chocolates. The history of the firm's growth is discussed.

Marketing, Management, Electronic commerce, E-commerce, Confectioners, Rogers' Chocolates Ltd.

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