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THE OAKVILLE BEAVER _ BUSINESS Fredrik Eaton, chancellor of the University of New Brunswick, presided over the ceremony naming the Dr. Jack McKenzie Limerick Pulp and Paper Research Centre on UNB‘s Fredericton campus. With Dr. Eaton (left) are Dr. Limerick and his wife Elsie. (Photo by Joy Cummings) Pulp paper research centre named after Oakville man newly created centre at the University of New Brunswick (UNB) pays tribute to the lifelong accomplishments of Fredericton native and Oakville resident, Jack McKenzie Limerick, to the pulp and paper industry. At a ceremony on May 27th, UNB dedicated the Dr. Jack McKenzie Limerick Pulp and Paper Research and Education Centre for distinguishing himself both as an accomplished professional in the pulp and paper industry and as a loyal and supportive alumnus of UNB. The centre is located in the Incutech complex on the university‘s Fredericton campus. Fredrik Eaton â€" chancellor of UNB â€" officiated the ceremony naming the centre. Other speakers included UNB president Robin Armstrong; Adriaan van Heiningen, senior chairholder of UNB‘s Industrial Research Chair in Pulping Technology; and Dr. Limerick. This research and education centre will allow UNB to have a sustained effort in research and education in the area of pulp and paper. The pulp and paper industry is of key importance for the economic health of Canada and is particularly dominant in Atlantic Canada. Research and development and a steady supply of qualified personnel in this area are essential to ensure our longâ€"term competitiveness in this global industry. "After so many years of traveling the world in the interests of the pulp and paper industry, I‘ve come back to receive two honors from UNB; an honorary degree and the naming of the pulp and paper research centre," he said. "Now I‘m so pleased that my name will remain on the campus of my alma mater forever." Born in Fredericton, Dr. Limerick received a BA with honors in chemistry and mathematics from UNB in 1931. He held, it was said, "every office that was open to him on campus," including editorâ€"inâ€"chief of the student newspaper The Brunswickan and valedictorian of his class. Dr. Limerick completed graduate work at both McGill and UNB, from which he received an MA in chemistry in 1934. His career in the pulp and paper industry commenced that same year with an appointment as research chemist for the Fraser Companies. Dr. Limerick joined Bathurst Paper Co. as chief chemist in 1937, rising to progressively more senior positions. He retired in 1971 as associate director of research and development but continued to work as a consultant to the industry until 1982. The director of numerous research projects, Dr. Limerick‘s activities and expertise took him to Sweden, Russia, Iran, and Brazil to provide technical assistance. He is the author of many technical papers and the holder of five patents. Dr. Limerick is a Fellow of the Chemical Institute of Canada and a Fellow and honorary life member of the Technical Association of the Pulp and Paper Industry, on whose publications committee he still sits. A regular contributor to UNB, Dr. Limerick served on the Board of Governors from 1947 to 1952 and as president of the Associated alumni in 1955â€"56. On May 26th, UNB awarded Dr. Limerick an honorary doctor of science degree, and Dr. Limerick gave the Encaenia address in FRIDAY, JUNE 24, 1994 PAGE 24 Changing retirement benefits would have big impact on business companies in Canada will become liable for providing retirement benefits for their employees. The ramifications of this predicament are huge. Without proper planning and enough lead time, the financial pressure could force many companies to go out of business. Yes, this would be a radical change from our present system, and no, this change will not occur during the next10 years â€" but it will happen. Many organizations currently have some program in place to help their employees; however, many of these programs are inadequate and some firms have no retirement or pension plan whatsoever. A 1994 survey done by a pension consultant firm found that 75% of Canadians expected to maintain or improve their standard of living during retirement. That is a very commendable statistic. However, 75% of those surveyed were taking little or no action to reach their objective. To put this idea of mandatory retirement benefits in the proper perspective, we should consider facts as they exist today and make some predictions about what will evolve in the future. Predictions Ipredict in the future that are difficult to make however; this mandatory benefit trend is gathering momentum. For starters, people live longer and in many cases they retire earlier. The old scenario of retiring at age 65 and living until age 72 meant that your retirement period was only seven years. Now many consider retiring at 60 and they could live until 90 and beyond. All of a sudden, you have to plan for 30 years of retirement. Imagine one third of your life without a pay cheque. To compound the problem â€" spending requirements have increased for seniors. Early in retirement, they will enjoy an active lifestyle that could include travel, maintaining two properties and club memberships. In the latter years, they will be more dependent on medical services and much of that cost will be paid on a user fee basis. Meanwhile, the government will not have the financial resources to help with this prolonged and _ expensive (See ‘Retirement‘ page 25) INSURANCE COMPANY OFFICE lb i: . lt ies Wt Bc Bc Ni ns B in io e Bs D n Bd Jn dn c nc d Province ok‘s $300,000 Repla loan * The Ontario Development Corporation (ODC) has approved a $300,000 term loan to Oakvilleâ€"based Repla Limited. This loan will enable the company to create 20 new jobs within a year and an additional 35 positions in three years. The ODC funds will be used to consolidate the company‘s operations in the plant. * "The government‘s investment will help create jobs in Ontario and establish this manufacturing company in this province," Ontario Economic Development and { Trade Minister Frances Lankin said. Walter Petersen, owner of Repla, set up the company in 1963 to manufacture his patented patio door which pioneered the use of rigid vinyl as a structural and insulating component. The company, manufactures windows including an allâ€"vinyl casement and awning type which comes in an assortment of shapes and sizes. All windows are madeâ€"toâ€"order. George Cooke, president and CEO of Dominion of Canada General Insurance Company, cuts the ceremonial ribbon to officially open the firm‘s new Metro West Regional Centre in Oakville. Assisting is Mayor Ann Mulvale. The new centre at The Ennisclaire Office Centre on the North Service Road, is the company‘s largest such operation. The office was formerly located in Mississauga.