I MHSAS MEH A YEE ANNIE TF a2”

Ady Ss Pee ERE MS ah BE

Cove marina owner

disputes News v:

Dear Editor:

Tam writing as owner/operator
of Seycove Marina in response to
your Dec. 20 News Viewpoint “Not
Neighborly.” 1 feel your editorial
incorrectly reflects upon my inten-
tions and actions.

Firstly, I did not “plead poverty”
when the upgrading of the docks for
the Indian Ann boat commuters was
raised. I simply pointed out that the
rental income from boaters could
neither pay nor justify the invest-
ment needed to provide new docks
and related facilities.

Like many municipal govern-
ments and private businesses I pro-

posed to capitalize (sell) some of |

my. land assets to pay: for needed

. Capital improvements.
Seven single-family residential
lots were proposed as being consis-
tent with the character of the

“neighborhood” adjoining our prop- *

erty.
Secondly, your editorial’s sug-
: gestion that our proposed security
gate was “not neighborly” and rep-
"resented “segregation” is also unin-
formed. i :

- We instalied our existing ‘“‘after-
hours” security gate two years ago
after’ numerous vandalism and

- break-in problems at the marina,
* and in response to concerns from

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DIAMOND GRADING: ted, Feb. 7- Apsl 3 }
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our Panorama Drive neighbors that
the marina parking area was attract-
ing late-night drinking parties and
traffic problems.

Following installation of the
gate, which allows entry for legiti-
mate marina users between 10 p.m.
and 6 am., vandalism and distur-
bances were reduced considerably.

Full public access to the marina
is available seven days a week dur-
ing the daytime.

In our situation we are basically
talking about a security gate for a
commercial business, with only a
few residential lots also behind the
gate (which is always open during
daylight hours), so it does not “sig-
nal” any kind of general change in
the use of gated access as your edi-
torial suggested.

More broadly speaking, security

iew

access and parking gates are not
new in the Lower Mainland or on
the North Shore. You can find them
at several townhouse developments
in the Indian River area and single
family homes in the Seymour area.
t hope I have shown that [ have
been a “good neighbor” by building
new, extra-wide modern docks for
commuters and by responding to
concerns raised by my Panorama
Drive “neighbors” regarding traffic
and vandalism in our “neighbor-
hood.”
K.J. Kim, Seycove Marina
North Vancouver

MAILBOX POLICY
LETTERS TO the editor must be
legible (preferably typewriten) and
include your name, full address and
telephone number.

If you're ready to get in shape, saving
money may be just the incentive you need

“ON ALL MEMBERSHIPS
Our club is spacious and well equipped

— no over crowding
- non-intimidating atmosphere

We promise to try our best to
provide you with what you would

expect —

personalized

service,

friendly staff and a clean, well-
maintained facility.
We want to give the

best value (in
your opinion) for
your fitness

dollar.

Childcare i is.

now available

f ment’s Chief
f estimates that GPP will be insolvent

a survivor
a eligbility may aiso ba considered.

j to compensate fer

Wednesday, January 17, 1996 ~ North Shore News - 9

Kelirement iZ Lanning
How «a

the business member

turn the page on his

retirement plan?

_(Visit one of our branches or
see our ad in Sunday’s edition.)

Neate CREDIT UNH
Petes ngern Commun.

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advertorial
dan. 17498

RENEWING CPP

During the
campaign, Reform warned thet the

f Canada Pension Plan (CPP) would

soon be in difficulty and needed to
be overhauied,- meiniy because it
was running “hand to mouth”, with
the contributions from today's
workers boing used to pay. the

benefits for yesterday's workers. ©

The statoments were attecked as

[ alarmist at the time, but in recent

weeks oven the — pregent

i Government has admitted thet

there is a CPP untdor-tunding
problem which must be addressed.

Bernard Ousgault, the Govern-
Pension Actuary,

by 2015 unless contrinution rates are
raised from the present 5.4% of

f earnings to around 14% of earnings -

by the yaar 2011. Unfortunately, this
9% increase in taxation would have a
very negative affect on the economy
by reducing disposable income for

A employees at the samme time as tt
f increases costs for employers.
§ Obviously
1 restructura CPP, or (b) cut federal

then we must (a)

sponding to the coint that a surplias

# could be used to reduce taxation and

compensate for ihe increased CPP

# deductions or (c) implement a
e combination of both.

ALTERNATIVES

Tho present Government nas

j announced that it will probably raise
5 . the retirement age to 67 to conserve

CPP -funds, although downsizing
benefits and . altering

Getting federal spending under
control so that taxes can be reduced
increased
premiums does not seem to be an the
agenda.-

Rather than tinker around with the
present system, Reform has
proposed the complete replacament
of CPP with a program called
“SUPER RRSP”, modelled along the
lines of tha vary successful privatized

j pension scheme introduced in Chite

in 1981. The Proposal has to be

; approved by party members at the
policy convention to be held in

Vancouver in June, but the reaction to
date from almost everyone who has

B seen the plan is very positive.

“SUPER RRSP" DETAILS

Under Reform's plan, CPP would
gradually be converted into

1993 election —

mandatory individual ARSPs. which |

would be invested in approved andj

safe securities, with tax. deferred -—

compounding of the retirement
savings.

privately managed, and have resulted

_In retirement benefits far superior to

anything previously available under’
the state managed program. Workers ::
there can-access thelr tile” via}
computer, enquire how. much they

need to contribute for a “specific Bie.

pension benefit, and then’ instruct’
thelr employers... to deduct. . the |

. Government has:no access’ to: tha |

funds so it canriot exploit the savings °
for its own use, bul. the ‘ ‘Chilean.
economy is now the strongest in Latin .

Amarica, possibly a direct result of the J
huge oot of . investment ‘ capital. a

produced by the plan over the past 15
years. vie
A major benefit of the “SUPER: |

RASP" is its transferability to a_
surviving sfcusa, resulting in much

more generous pensions for elderly ’
widows, even those who have never

worked. In addition, workers who are §
presently near retirement would be |
credited with “Recognition Bonds", as
they were, in..Chile during «the

introductory years of the plan, so that 9"

the expected mininium CPP benefits
could be collected. No one would lose “|
their present benafits, but those with
adequate time to, contribute to their
“SUPER RASP* would end up with a’
much higher pansion at the ‘time of |
retivemeni. tn addition, worrlas about

the collapse of CPP would no longer

. be an issue.

inaifective tinkering around. with
existing social programs has been a J.
trademark of the present §
Government, but we need urgent §
action to be taken on the issue of
pensions. . ‘

You could send your comments
and questions about the “SUPER: }
RRSP" to the Minister of Human |
Resources, Lloyd Axworthy, and
Reforn’s tluman Resources Critic, |
Jan Brown MP, at The House of
Commons, Ottawa, Ontario, K1A
OAG. ,
Lloyd's fax number is (613)947-4442
and Jan's fax number is {613)996-2791.

. ite,
a 1302-1200 Lynn Valley Rd.
: .. North Vancouver, B.C... V7} 2A2..
Tel-: 666-0585 ° Fax: 666-0509

tn Chile, the plans are |