John Smith has been working as a sales manager at ABC Inc. for 10 years. He is paid monthly and earns $60,000 per year (earnings up to the end of October $50,000) plus a 4% commission (commission paid up to the end of October $18,000) on his sales. He also has a group life insurance plan with the company.

On November 15, 2023, John decides to retire and informs his employer. His last day of work is November 30, 2023. His total year-to-date sales are $500,000. John took vacation and was paid all vacation pay owing to him up to the end of December 31, 2022. John is also eligible for a retirement allowance of a percentage of his last annual salary: 1% for each year of service.

Assume John works 40 hours per week and 52 weeks per year.

Required:

1. Identify and calculate the payments due to John upon his retirement. Include the following items in your calculation if applicable:

Final pay

Vacation pay

Commission pay

Retirement allowance

Group life insurance benefits

Any other payments or benefits that may apply

2. Identify the filing requirements for Records of Employment (ROEs). Explain when, how, and where to file an ROE for John.