Dutch Cabinet seeks to rein in mandatory sector scheme growth

first_imgAs an option for highlighting the limits, Klijnsma cited a “more systematic application of the requirements for the coherence between an industry-wide pension fund and voluntarily joining schemes”.During the past 20 years, mandatory sector schemes have seen their stake in the non-mandatory pension market – companies that are not forced to join a pension scheme – increase from 6% to 11% of the number of active participants.In the same period, non-mandatory sector schemes saw their share decline from 15% to 3%, while the stake of company pension funds fell from 47% to 23%.The growth of mandatory schemes is in part attributable to the low interest rate environment, which has made defined benefit (DB) arrangements at insurers much more expensive.In addition, some sector schemes have significantly extended their sphere of influence. For example PGB, initially the pension fund for the graphic design sector, now also covers the industries of rubber manufacturing, maritime fisheries and the wholesale of flowers and plants.“Without this extension, more employers would have had to diverge to the low-cost defined contribution vehicle PPI or insurers,” argued Klijnsma.The new multi-plan APF vehicle offers employers an additional alternative for DB arrangements.However, stricter financing conditions apply to providers starting an APF than to an existing mandatory sector pension fund, resulting in up to one-third lower costs for employers joining an industry-wide scheme.Klijnsma warned that “in particular temporary differences in the rules for calculating contributions could see APFs pushed out of the market by sector pension funds, even if the latter are less efficient”.She said the domain demarcation was also necessary to prevent industry-wide schemes getting into an even stronger position and dominating the market.Last summer, the government approved a bill that would allow mandatory sector pension funds to merge but keep their assets separated for a period of five years.Klijnsma also explained that the proposed new limitations would only apply to the current rules requiring companies to participate in a pension fund.Earlier, the government had indicated that it considered mandatory participation in pension arrangements – rather than a pension fund – as “an interesting and useful option” for the mid-term. The outgoing Dutch cabinet has called for clarity on the limits of mandatory industry-wide pension funds taking over schemes and companies in other sectors.In a letter to parliament, Jetta Klijnsma, state secretary for social affairs, said companies voluntarily joining mandatory sector schemes could put at risk the principle of mandatory participation in such schemes that is required under Dutch law.This trend could push the new general pension fund (APF) vehicles out of business, she warned.By tightening the rules, the government aims to ensure that mandatory industry-wide schemes only manage pension plans for their own sector.last_img read more

Bookstores refuse to sell Children’s Book of the Year

first_imgBookstores refuse to sell Children’s Book of the Year TVNZ 1 July 2013A judge is defending an award-winning children’s book, which has been taken off the shelves in some bookstores, saying the book’s descriptions of sex acts, drug-taking and coarse language help to tell the real story. Ted Dawe’s teen novel Into the River took out the New Zealand Post Margaret Mahy Book of the Year award and was also the winner of the Young Adult Fiction category. Some bookstores are refusing to sell the book and organisers of the awards have sent out a “explicit content” warning stickers to all booksellers.But its “unnecessarily graphic” content, coarse language including the c-word, drug and sex references has provoked response. Family First’s Bob McCoskrie said Mr Dawe and judges were out to “pollute the moral innocence of kids” and even adults would find it offensive. Beckett argues the story could not have been told without the coarse language, drug and sex references.http://tvnz.co.nz/national-news/bookstores-refuse-sell-children-s-book-year-5482557last_img read more

URSS Rebels join Sprint Series of Nebraska for Battle at Belleville

first_imgBELLEVILLE, Kan. – The United Rebel Sprint Series and the Sprint Series of Nebraska will com­bine for a dual-sanctioned show at the Belleville High Banks on Monday, July 3 for the first of four races in the URSS’ Summer Sizzler Week.With this being the first co-sanctioned event by the two IMCA RaceSaver sanctioned series, look for the best of the best to be on hand as they vie for the $1,000 winner’s share with $250 paid to start the main event.Rebel regulars Zach Blurton, Steven Richardson, J.D. Johnson, Jed Werner, Ty Williams, Brian Herbert and others battle it out with SSN’S best, among them Tyler Drueke, Toby Chapman, Adam Gullion, Matt Richards, Stu Snyder and Jason MartinThe Summer Sizzler Tour visits Thomas County Speedway in Colby, Kan., on Friday, July 7, Lin­coln County Raceway in North Platte, Neb., on Saturday, July 8 and finishes up at Lexington, Neb., Raceway on Sunday, July 9.More than $3,000 in point money will be distributed among the top five in total points for the four-race series with money also going to the hard charger and longest tow.last_img read more

After opening game cold as ice, Taylor remains confident, emerges as hero in final seconds

first_imgKammron Taylor stood all alone at center court, arms aloft and jumping in ecstasy, urging the crowd that was chanting his name to share in his sheer unfiltered joy after hitting the deciding shot at the buzzer in Wisconsin’s 54-51 second-half barn burner against UNC-Wilmington. “I was excited, man,” a beaming Taylor said of his moment being enveloped in the din of the sold-out Kohl Center. “I don’t know what else to say.”The image was one of a player who had overcome every obstacle imaginable over a 40-minute game finally reaching paydirt, and was beautiful enough to make the first half of play (maybe the ugliest, most agonizing half as has ever been played in basketball, undoubtedly causing basketball inventor Dr. James Naismith to roll in his grave somewhere) very much worthwhile. Taylor had already played the hero, having tied the game at 41 with a three pointer minutes earlier, and then having given Wisconsin a three-point lead on a driving “and one” layup. “He was big,” junior Alando Tucker said of Taylor’s late game heroics. “For him to struggle the whole first half and then to still have the guts … to make those shots, I think that set it up, for his confidence and for the last shot.”So with the game tied and six seconds left on the clock Taylor put on his cape one more time. After the Seahawks tied the game 51-51 on a layup in the post, freshman Joe Krabbenhoft immediately called timeout. During the timeout Wisconsin head coach Bo Ryan hammered into his players the fundamentals that are run over at the end of most practices, when the Badgers work on last-second shots while Tucker encouraged his teammate to take the shot if it was open.”We talked right before,” Tucker said. “And I said ‘get it and drive it down the right side. I’ll be ready, but if you get a great shot, shoot it.'”At the same time ninety feet down the floor, UNC-Wilmington head coach Brad Brownell mapped out to his players the defensive strategy for the final six seconds, but made a critical error.”I probably made a mistake. I was going to put a man on the ball and I changed my mind at the last second,” Brownell said after the game. “It probably cost my kids the game, and I need to take responsibility for that.”Taylor received the inbounds pass from sophomore Michael Flowers and immediately broke to his right and briskly made his way up the court.”I thought we did a good job of slowing [Tucker],” Brownell said. “But we did not contest [the shot] well.”With about two and a half seconds left Taylor broke half court and found an opening darting towards the right wing. As time ticked away, Taylor stopped, popped and fired a long three as time expired.Just as the red backboard lights lit up, the ball dropped through the net and bedlam ensued, from fans and players alike.”I saw [freshman DeAaron Williams] just spring off the bench,” Tucker said. “I saw him wait until the shot hit the bottom of the net and I was like ‘well at least wait until time runs out.'”The shot was nothing less than pure redemption for Taylor, who had started the night 0-for-8 and twice earlier found himself taken out of the game following some ill-advised shots.”There’s times to attack when the shot clock is running down and it’s time to take a three,” Ryan said. “There are certain things we like to get done when the shot clock is running down … and it certainly wasn’t what we were doing today.””I hadn’t been playing that well until the last [few] minutes of the game, but my teammates believed in me and that gave me confidence,” Taylor said.Taylor’s confidence proved to be boundless as the point guard hit his final four shots of the game, plus a free throw. He also quietly led the team in rebounds, with seven, to almost single-handedly lift the Badgers to their eighth victory of the season. Over the final five minutes of the game, Taylor had done everything possible to help Wisconsin win and after the final horn and whistle had blown, there was only one thing left to do. Celebrate.”That’s what we play for, to see things like that,” Tucker said of Taylor’s post-game jubilation. “And I love it.”last_img read more

FIFA admits luxury watches gifted to top officials

first_imgDays before the World Summit on Ethics in Sports, host FIFA is calling for its top executives to hand over designer watches dished out as gifts during the World Cup.FIFA president Sepp Blatter and the 26 ExCo members received luxury Parmigiani watches worth about $25,000 each from the Brazilian Football Confederation in June. According to a Sunday Times report, they were left in gift bags in their hotel rooms.FIFA’s code of ethics prohibits its officials accepting gifts of more than “symbolic or trivial value”.FIFA said its ethics committee had been notified about the gifts.“The Brazilian Football Federation (CBF) distributed commemorative watches at the FIFA World Cup in Brazil from their own sponsor (as part of the association’s centennial celebrations) to various people, including the members of the FIFA Executive Committee,” a FIFA statement said.“The ethics committee was informed about this accordingly and is dealing with the matter.” FIFA’s ethics chiefs are understood to be asking all ExCo members to hand over the luxury watches, if they haven’t already done so. It also emerged that Michael Garcia, FIFA’s top investigator, had already prevented ExCo members receiving a different set of watches before the World Cup.In its statement on this issue, FIFA said Hublot, the official timekeeper of the 2014 World Cup “provided FIFA with watches as part of the contract and as a form of value in kind”.“In accordance with internal governance processes, FIFA formally asked the independent chairman of the investigatory chamber of the FIFA Ethics Committee, Michael J. Garcia, and the independent chairman of the Audit & Compliance Committee, Domenico Scala, in June 2014 if it would be acceptable to provide its Executive Committee and the FIFA president with these watches as a souvenir of the 2014 FIFA World Cup,” the statement said.“The two chairmen determined in June 2014 that this would not be permitted under the organisation’s compliance rules and as such it was decided not to distribute any of the watches to any members.” Garcia last week submitted his 350-page report on allegations of corruption in the 2018 and 2022 World Cup bidding process to FIFA’s ethics judge Hans-Jochim Eckert, who will decide if any punishments should be handed down to individuals or bidding countries.The luxury watches incident comes as Blatter prepares to officially open the World Summit on Ethics in Sports at FIFA’s Zurich headquarters on Friday.The Swiss will give a welcome speech. Garcia and Eckert are listed among the speakers for the inaugural conference, which will be streamed live on You Tube.last_img read more

Rookie Cody Bellinger’s power numbers are hard to ignore – but he does

first_img“I don’t really look at stats or whatever,” the Dodgers rookie said. “You see them on the big screen. But other than that, I don’t pay too much attention to it. I did know about my dad’s home run total.“Other than that, I don’t like to know. It’s pointless. Whether you know or don’t know, you don’t want to think about it. You just want to go out and play the game.”Bellinger also has to play the game within the game. As opposing teams gather information on Bellinger, scouting reports become more refined and pitchers have more detailed gameplans to attack him.“It’s interesting because there are teams that try to crowd him and elevate late. And there’s some teams that try to stay away from him,” Dodgers manager Dave Roberts said. “Cody, to his credit, has made adjustments in the batter’s box as far as his position. He’s backed off the plate and given himself a little more room.“But I think his ability to differentiate strike and ball puts him in good counts. The only other piece for me is that there’s some tendency to miss fastballs in the strike zone. The first part of it is getting good pitches to hit. The other part is – you’ve got to put them in play. He’s aware of that. But he’s got the first part of that down.” The Dodgers have been down a similar path with another young power hitter. As a rookie in 2015, Joc Pederson hit his 20th home run of the season on June 29, making him one of only three rookies in major-league history to hit 20 home runs before July (Wally Berger and Albert Pujols are the others). But Pederson hit just six more that year while batting .175 the rest of the season.“I’ve talked to Joc as well and he told me some things,” said Bellinger, who also got advice from Pederson and Corey Seager this spring on being a top prospect in waiting.Bellinger wouldn’t be more specific about that advice, saying only that “we had some good conversations about it.”“This kid is a special young man. He’s a heckuva baseball player. He’s only going to get better,” Roberts said. “Cody’s doing great. He’s a great worker. He’s a winning ballplayer and we certainly know we wouldn’t be here without him.”All-starIn the first vote totals released by Major League Baseball, Seager led all National League shortstops. Seager was selected as a reserve on last year’s NL All-Star team but a Dodger shortstop has not started the All-Star Game since Bill Russell in 1980.“He should be,” Roberts said of Seager’s standing (with a narrow lead over Cubs shortstop Addison Russell). “He’s the best shortstop in the National League. Obviously we have some very good young shortstops in our game. … To see him at the top, rightfully so.”Justin Turner was third among NL third basemen in the voting and Yasmani Grandal fifth among NL catchers.AlsoRoberts confirmed Tuesday that left-hander Hyun-Jin Ryu would start Wednesday in Alex Wood’s place. Wood went to the DL with sternoclavicular joint inflammation but is expected to miss only one start.Seager was not in the starting lineup Tuesday. Roberts said he told Seager to “Take a spa day — show up when you want. Hang out in the trainer’s room. Be ready come the fifth inning and beyond to help us if need be.”Kiké Hernandez started in place of Seager at shortstop on Tuesday and will probably give Yasiel Puig a day off in right field on Wednesday, Roberts said. ST. LOUIS >> Cody Bellinger doesn’t want to talk about numbers – even as his numbers add up impressively.With his 11th home run in Monday’s win, Bellinger is the fastest player in Dodgers history to reach that total. Since 1913, only four players in the majors have hit more home runs through the first 32 games of their careers.Going into Tuesday’s game, Bellinger, who made his big-league debut on April 25, had hit nine home runs and driven in 27 runs in May. Only one player had more RBI in the month (Cincinnati’s Adam Duvall with 28) and one more home run would make him the first rookie in Dodgers history to hit 10 in a calendar month. No Dodger has hit 10 home runs in a month since Matt Kemp hit 12 in April 2012.And his next home run will match his dad. Clay Bellinger hit 12 home runs in 183 big-league games with the New York Yankees and Angels from 1999-2002. That number Cody does know.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Warriors GM on free agency: ‘I feel like all of our players are happy and want to stay with us’

first_imgWarriors general manager Bob Myers doesn’t believe any of the team’s stars want to leave Golden State after the season.  Kevin Durant and Klay Thompson could both enter free agency following 2018-19. Myers was asked at a press conference Monday if he thought both players would re-sign with the Warriors this summer. “I honestly think all of our guys really like the game of basketball,” Myers said. “As much as it goes around that, it’s still basketball. If you can find the focus, direct it there and enjoy your teammates and be competitive, our guys are competitive. I think that allows you not to be distracted.”The Warriors will enter their game Wednesday against the Spurs in a tie for first place in the Western Conference standings with a 37-15 record. “I don’t think you can honestly answer anything. That goes for players, too, until the season is over,” Myers said. “You can ask anybody in the organization and say, ‘What kind of season are you having?’ They’ll say, ‘Ask me when the season is over.’ I don’t know. It’s hard to say.”Myers said he believes the team is doing a good job of paying attention to the present, as well. NBA free agency rumors: Knicks have ‘strong chance’ to sign Kevin Durant if he leaves Warriorscenter_img Warriors star Klay Thompson has no issue with Lakers rumors “I feel like all of our players are happy and want to stay with us and continue with us,” Myers said, via the Mercury News. “That’s how I feel. But again, I’ve only worked in the NBA as an agent and in this capacity.”The Knicks are reportedly preparing to make an offer to Durant this offseason while Thompson has been linked to the Lakers. But, Myers said he’s focusing on the present. Related Newslast_img read more

Wellington Fire/EMS incident report Jan. 27-29, 2014

first_img Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Wellington Fire/EMS incident report for Jan. 27 – 29, 2014: 1/27   11:58 AM      Medical Emergency           600 block E. 20th Avenue1/28   8:45 AM        Natural Gas Leak                Lincoln & Woodlawn1/28   12:50 AM      Medical Emergency           US 160 & Greenwich1/28   9:20 AM        Medical Emergency           16th & Blaine1/28   9:58 AM        Medical Emergency           100 block North B1/28   10:48 AM      Medical Trauma                 400 block South C1/28   12:51 PM      Medical Emergency           2100 block North A1/28   5:23 PM        Grass Fire                              300 block E. 40th Street1/29   8:19 AM        Medical Emergency           600 block E. Hillside1/29   11:24 AM      Medical Emergency           300 block E. 15th1/29   12:32 PM      Medical Trauma                 1300 block E. Lincoln1/29   1:54 PM        Transfer to Wichita1/29   4:08 PM        Medical Emergency           Kansas Turnpikelast_img read more

Mason City man sentenced to jail for harassment

first_imgNEVADA — It’s another 30 days in jail for a Mason City man accused of harassment and extortion charges. 19-year-old Christian Gossweiler was sentenced on Friday in Story County to 30 days in jail with credit for time served after pleading guilty to third-degree harassment That sentence will be served after he serves five-year sentences for extortion in Scott and Black Hawk counties. In those two cases, authorities say a woman who was a student at the University of Northern Iowa had sent Gossweilier videos and nude photos via a social media app, with Gossweiler then demanding that she sent more photos and videos or he’d post online the material he already had received. The woman made a report to the Scott County Sheriff’s Department, which forwarded the complaint to UNI Police, who later set up a sting to meet Gossweiler. Gossweiler also pleaded guilty to an extortion charge and was given probation in Story County where he targeted an Iowa State University student in 2018.last_img read more