December 1, 1997 -- Kitchener, Ontario, Canada.
Penad Pension Services has been contracted to provide a PX/2000 defined benefit administration system for Boehringer Ingleheim (Canada).

A national manufacturer and supplier of specialized medical equipment, Boehringer Ingleheim required a flexible administration system for maintaining records and transactions for plan members across the country. Working in conjunction with Penad’s consulting staff, Boehringer Ingleheim will define the provisions of its benefits arrangement and customize the PX/2000 system for its benefits plan. Penad will also provide extensive training in system management to Boehringer Ingleheim staff.

"This arrangement shows the range of Penad’s capabilities," commented Dan Blokland, Vice President of Penad. "Our ability to customize a system to the specifics of an organization and to train staff in implementation will help Boheringer Ingleheim develop a system precisely tailored to its needs."