A U T U M N  1 9 9 9

I N  T H I S  I S S U E

Signature Autumn 1999

Welcome Aboard!



Retail Wholesale Union of British Columbia
With 1,700 members, the Retail Wholesale Union of British Columbia (RWU) forms one of British Columbia’s leading labor organizations. Penad will provide a new administration solution to replace the organization’s legacy software, which is not Y2K compatible.

Credit Union Central of British Columbia
A banking and trade association uniting 86 independent credit unions, the Credit Union Central of British Columbia (CUCBC) is the largest financial network in western Canada. Its plan began in 1971 as a money-purchase plan and now covers both defined benefit and defined contribution options. Penad will provide the CUCBC with a PX3000 multi-employer pension administration system, which has the unique ability to service the administration needs of multiple employers while handling both defined benefit and defined contribution pension options.


Hoover Canada -- division of Maytag Limited
Penad will provide administration services for the registered pension plan (RPP) of Brantford, Ontario-based Hoover Canada - a division of Maytag Limited.


Beloit Corporation
Penad has been appointed administrator for the RPP of Beloit Corporation, which offers pension coverage to employees in the U.S. and Canada.


Colina Financial Group
The Colina Financial Group, located in Nassau, Bahamas, has licensed Penad Partner pension administration software for defined contribution pension administration. Colina is using Penad Partner to administer several registered pension plans covering a large number of employees throughout their offices. Penad provided Colina with a complete turnkey solution including on-site installation and training.