58 - Sunday, December 13, 1987 - North Shore News

A NORTH Vancouver company is distributing an ingenious
new product for nearsighted swimmers.

Ingenious Sports Products Inc.,
a wholesale swim accessory com-
pany operated by Harold Calla, is
bringing a watery world into focus
for the myopic with the I-SPI optic
correction swim goggle.

The goggle is an injection mold-
ed, solid piece of polycarbonate
with a bug eye design. The product
is produced for the company in
Taiwan and is available for a sug-
gested retail price of $23.95.

business
briefcase

by Michael
Becker

Available in clear or smoke tint,
the goggles come in diopter
strengths of -2.00, -2.25, -2.50, -
2.75, -3.00, -3.25, -3.50, -3.75, -
4.00, -4.25, -4.50, -4.75, -5,00, -
5.25, -5.50, -6.00 and -6.25,

The goggle is available locally in
North Vancouver at Time Out
Sports in Lynn Valley Mall; Ultra
Sight Optical, 1531 Lonsdale Ave.;

Larry’s Sport Shop, 2029 Lonsdale
Ave.; Tru-Valu Optical, 1456
Lonsdale Ave. Find it in West
Vancouver at Douglas Optical,
1685 Marine Drive; Optic Zone,
859 Park Royal Shopping Centre.

Distributing the product since
February, the company has sold
over 2,000 pairs in the Vancouver
area.

For more information call In-
genious 2t 987-2234,

ed

SENIOR BUSINESS managers
trying to play catch-up with the in-
formation technology explosion
are offered a perceptive overview
of developments in the field in a
new handbook produced by Ar-
thur Anderson & Co.

Trends in Information Techno-
logy is a jargon-free primer to
some of the business applications
made possible by the latest
research and development in data,
text, image and voice communica-
tion.

“The hard reality is that while
some executives have yet to type
their names on a microcomputer,
others already are installing the
first artificial intelligence systems.
Given the continuing pace of
change, I can’t think of any
business that can afford to be left
behind at the starting gate,’’ said
Mike Bass, managing partner of
Arthur Anderson & Co.’s Western
Canada consulting practice.

The handbook jooks at trends in
the four key fields of telecom-
munications, artificial intelligence,
computer-integrated software

photo submitted

A NORTH Vancouver company, Ingenious Sports Products Inc., has a hit on its hands with an ingenious new
product called the I-SPI optic correction swim goggle. Nearly 60 per cent of all people require some form of
optical correction. Almost as many people in North America swim.

engineering and com-
puter-integrated manufacturing.
The guide explores the competitive
advantages afforded in each.

‘The commercial information
services firm developed the book
with Harvard strategic planning
guru Michael Porter in developing
the concept of information for
competitive advantage.

Pension plan not for saving

MANY YOUNG people are impa-

tient with company pension plans .

because retirement seems so far
away and their money will be
locked up for a long period of
time,

“How can I get my money out if
I want it?’* they ask.

“The point is, of course, that
pension plans are not savings
plans. They are not designed to be
pools of savings from which you
can remove money for spur-of-
the-moment purchases. They are
designed to take care of you when
your active working life ends.
And, to get maximum benefit from
a pension plan, you have to leave
the money in the pian until you
retire,’’ said Ron Park, FCA exec-
utive vice-president of the Institute
of Chartered Accountants of B.C.

Tiere are two types of pension
plans. One is a money purchase
plan, and the other is a defined
benefit pian.

The money purchase plan is the
simplest. You pay money into it
each year. The fund builds up to a
certain sum at retirement at which
time you start taking money out,
instead of paying it in. The
employer pays money into the
fund, too, which means you will

Pensions based on salaries and
wages often offer the best protec-
tion against inflation as employ-
ment income levels are responsive
to inflation. Consequently, pen-
sion income will reflect inflation to
retirement. You don’t have to
worry about interest rates earned
by the fund because the employer
has to make up any shortfall.

If you have to ‘retire’ from one
company..and seek employment
elsewhere, it may make sense to
leave your pension to mature in the
company while you start to build a
second pension with the new
employer. Where pensions are por-
table, there is no problem.

Yon can own a tax
shelter with 1987/88 it’s too late,
’ tax deductions to
564,000, an
immediate $7,000
tax credit, and §
weeks of personal

Pension plans are often regarded
as dull and boring. To many peo-
ple, especially the young, they lack
pizzazz.

However, pension plans can
provide the best retirement in-
come, especially if you join at the
most beneficial time in your work-
ing life, typically, by age 30.

“Pension plan money is money
locked away out of harm's — and
temptation’s — way. It’s money
you’re not likely to miss because
you don’t have it — but it could
turn out to be one of the best in-
vestments you have when you
retire,’’ said Park.

Call us before
(604)669-3361, or

send ws your
business card for a
brochure. 1811
Maritime Mews,

For more information call Bass at
643-2566.

kek ee

SHELL CANADA haé opened a
toll-free phone service to field cus-
tomer complaints and inquiries
across Western Canada from its
Calgary headquarters.

| 605.99]

The Siiell Heips: Centre at !-
800-661-1600 will handle inquiries
dealing with technical matters,
promotions, new products, diesel
or propane locations as well as
credit card questions. my

The service was tested for eight-

months in 1986-87. During the
period, over 15,000 calls were
received. : :

467.32 :
472.38
477.85
483.75
490.13

. All incomes quoted are based on guaranteed interest rate products. Other type:

of RRIFs and annuities are also avaitable.

. {ncomes commencing only at ages 60-71 ara illustrated here. However, incomes
may commence at any age prior to age 72, at the option of the purchaser.

3. All incomes illustrated start one month after purchase.
. All incomes shown are on a level basis though they can be indexed if the initial

year's income is reduced.

. The "Single Life Annuity’ pays for as long as the recipient lives.
. The “Joint & Last Survivor Annuity’’ pays for as tong as the recipient and his/her

spouse fives.

. The RRIFs illustrated will pay a level income to age $0 but sharter payout periods,
as well as flexible income amounts, are now available.

Tp cee etna tn eatnanatiee ae car der md as a At np ne Ml act aad aR et OE pine atte tec bese wc leat

Vancouver
V6H 3W?.

use in the Caribbean
or British Columbia.
And you get to
choose from 30, 35,
38 or 41 foot CAC.

get that extra benefit when you
retire. The pension from a money
plan is not related to your salary or
wages prior to retirement.

The defined benefit plan pro-
vides a pension which is based on
your salary or wages and/or years
of service with your employer.

. Use this table as a quide only. Annuity and RRIF rates change frequently.

Table researched and prepared by Jim Rogers. THE JAMES E. ROGERS GROUP LTO. .
COPYRIGHT © ..

Wouldn't you rather have a RRIF?

The RRIF (Registered Retirement Income Fund) bas emerged as 2 popular choice for
people who want — or need — to withdraw their RRSP funds.

The RRIF allows you to control your income and your money is always available.
However, It's a competitive market, so’ make sure you find the hest RRIF. |

For a free, nore complete, written description of all the available RRIF
and annuity alternatives, and lips on how to find the best buy, phone PAT
ALDER of THE JAMES E, ROGERS GROUP LTD., between 8:00 a.m. and
5:00 p.m. weekdays at 732-6551.

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