Dutch social partners call for ‘transition regime’ to new pensions contract

first_imgTrade unions and employer organisation have written a letter to the Dutch cabinet asking for a “transition regime” to the new pensions contract to prevent “unnecessary” pension cuts and contribution hikes.Many pension funds are responding to their rapidly worsening financial situation by hiking pension premiums or cutting pension rights, trade union FNV and employer organisations VNO-NCW and MKB Nederland stated in the letter which was published yesterday.Until they make the transition to the new defined contribution contract by 2026, Dutch pension funds will continue to be governed by the current, much stricter rules that dictate pension funds will have to be cut if funding ratios are below 100%.The gradual introduction of a new, lower ultimate forward rate (UFR) from next year will lead to further pressure on already low funding ratios.  The social partners said they fear “social unrest and negative macroeconomic consequences” if companies have to increase their contributions in the coming years to prop up pension funds’ funding ratios.In the private sector, higher pension premiums are detrimental to economic activity, investment and purchasing power, they warned.When the government and social partners concluded negotiations about the new pensions contract last summer, the government called on pension funds to keep premiums and pension rights stable.Social affairs minister Wouter Koolmees reduced the minimum required funding ratios pension funds need to have at the end of this year to prevent having to cut pensions from 100% to 90%.Without this temporary emergency measure, which was also in force in 2019, pension funds would have already had to apply drastic cuts as the funding ratios of most of the largest pension funds currently hover around this 90% level.“But it’s now also important to provide clarity for the years hereafter,” said newly appointed VNO-NCW president Ingrid Thijssen, implicitly calling for a continuation of the reprieve.The three organisations stopped short, however, from communicating any other specific demands to the government about what the “transition regime” should look like.To read the digital edition of IPE’s latest magazine click here.last_img read more

Symposium to deal with implications of 2013 Treaty of Basseterre underway

first_img 5 Views   no discussions LocalNews Symposium to deal with implications of 2013 Treaty of Basseterre underway by: – November 8, 2011 Share Share Sharecenter_img Public Relations Officer of the DMA Severin McKenzie A major symposium to deal with the implications for Dominican manufacturers following the 2013 implementation of the Treaty of Basseterre is currently underway in Dominica.The event is being organized by the Dominica Manufacturers Association (DMA) in collaboration with the Invest Dominica Authority and the Dominica Association of Industry and Commerce (DAIC).Public Relations Officer of the DMA Severin McKenzie says Dominican manufacturers are already at a disadvantage hence today’s symposium is essential to their continued survival.“It appears that we have an attitude of don’t care in Dominica and manufactures are already at a disadvantage in the way business is being done within the OECS. There are quite a number of constraints that Dominican manufactures face as it relates to shipping, air access, lack of certain facilities and if we are to enter into the liberalized open space, we will find ourselves disadvantaged if we do not prepare ourselves,” he added.Meantime Chief Executive Officer of the Dominica Association of Industry and Commerce Achille Chris Joseph says there are certain aspects of the Economic Union that is already in effect.“A citizen of the OECS can move freely with an ID card and there is no limitation as to how long he can stay in any member country of the economic union. Even more than that is the fact that the provision for a business concern in any island of the OECS to locate or purchase business and operate in another island is also in effect. So a St Lucia businessman can come to Dominica and operate with no restriction,” he explained.Dominica Vibes News Tweet Sharing is caring!last_img read more

Guimaras wants return of LSIs suspended temporarily

first_imgILOILO City – The provincial government of Guimaras wants to temporarily suspend the return of their locally stranded individuals (LSIs). “We will not accept the LSIs for now para matutukan naton ang una nga batch, especially ang mga patients who are under quarantine period. (This is) to avoid man naton nga mangin crowded ang quarantine facilities naton. If they completed their quarantine period, then that’s the time nga mag-accept naman kita (liwat) sang LSIs,” Gando explained. As of July 16, 23 Guimarasnons tested positive for COVID-19. Some of them are undergoing isolation in three hotels in this city while others in the quarantine centers in the island province.“I hope na ma consider sang RIATF ang aton appeal. This is our strategy in order for others not to be infected and for the fast recovery (of those who tested positive),” said Gando.He reminded the public to always wear face masks and maintain social distancing, especially when riding the motorbancas going in and out of Guimaras./PN “We will not accept the locally stranded individuals for now para matutukan naton ang una nga batch, especially ang mga patients who are under quarantine period,” says Guimaras Vice Gov. John Edward Gando. ILOILO TODAY Vice Gov. John Edward Gando said the provincial government will write a letter about this to the regional inter-agency task force (RIATF) on the coronavirus disease 2019 (COVID-19) as they want to avoid crowding in the quarantine facilities here where the province houses most of their LSIs who returned.last_img read more

Nigeria Open cancelled, LOC plans alternate tournament

first_img Promoted Content7 Black Hole Facts That Will Change Your View Of The UniverseBirds Enjoy Living In A Gallery Space Created For Them6 Extreme Facts About HurricanesYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime7 Facts About Black Holes That Will Blow Your MindThe Very Last Bitcoin Will Be Mined Around 2140. Read MorePortuguese Street Artist Creates Hyper-Realistic 3D GraffitiWhat Happens When You Eat Eggs Every Single Day?Top 10 Most Romantic Nations In The World10 Risky Jobs Some Women Do7 Ways To Understand Your Girlfriend Better5 Of The World’s Most Unique Theme Parks Loading… “We are pained that we have to cancel the tournament this year because all plans were in place to stage a befitting tournament while our sponsors are also looking forward to an exciting tournament considering what we witnessed in 2019. But we are constrained by this pandemic to cancel this year’s edition and we are looking forward to being part of the new World Table Tennis (WTT) series in 2021,” he said. read also:ITTF chief executive proposes getting rid of individual World Championships However, there are plans by the LOC, Nigeria Table Tennis Federation (NTTF) and the Lagos State Sports Commission (LSSC) to stage a special invitational tournament toward the end of the year with top players across the world expected to grace the tournament. FacebookTwitterWhatsAppEmail分享 Global pandemic, COVID-19 has forced the Local Organising Committee (LOC) and the International Table Tennis Federation (ITTF) to cancel the 2020 edition of the Challenge Plus Nigeria Open scheduled for August 18 to 22, 2020. The tournament which is Africa’s elite tournament has attracted top global stars from the world’s top 200 players and the LOC has decided to cancel the tournament this year due to the Coronavirus Pandemic that has ravaged the globe. According to the Chairman of the LOC, Wahid Oshodi, it is pertinent to be realistic about what is presently happening globally and that is why we have decided to cancel the tournament this year because nobody knows when the pandemic would disappear. He stated that the athletes’ health is always our main priority because they are the main actors. We also have to think about the safety and health of the large numbers Of fans that throng the stadium to watch the event.Advertisementlast_img read more

Gattuso charges Napoli players to step up their game

first_imgNapoli coach Rino Gattuso has said they need to step up a level ahead of facing Champions League opponents Barcelona. Napoli will go to Barca for the second-leg of their Champions League round 16 tie with the scores locked at 1-1. After victory over Sassuolo, Gattuso warned they must be better facing Barca – and Lionel Messi. “They have someone, Messi, who can get the ball, go past ten players and score,” he said.Advertisement “If we go into the match against Barça thinking they are in poor form, we’re closer to the hospital or cemetery than we are a victory. read also:Conte set to replace Gatuso at AC Milan “We can’t make any mistakes against Barcelona. If they have half a chance, they’ll put it into the top corner. We need to concentrate for 90 minutes. People think that’s easy but it really isn’t. We need to be smart, cover the spaces in the right way and maintain our focus.” FacebookTwitterWhatsAppEmail分享 Loading… center_img Promoted ContentWho Earns More Than Ronaldo?5 Of The World’s Most Unique Theme ParksBirds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable WayYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeWhich Country Is The Most Romantic In The World?Best Car Manufacturers In The World8 Superfoods For Growing Hair Back And Stimulating Its Growth14 Hilarious Comics Made By Women You Need To Follow Right Now10 Characters Who Deserve To Be Official Disney PrincessesThe Highest Paid Football Players In The World5 Of The World’s Most Unique Theme Parkslast_img read more

Barnes anger at drugs test timings

first_img Barnes and team-mate Michael Conlan were singled out for random testing after training on Monday and the 27-year-old double Olympic bronze medallist was kept up until two o’clock in the morning by doping officials. Barnes told Press Association Sport: “They pulled me at eight o’clock when I was still in my sweat gear and dehydrated and they had me sitting for about an hour. “For me it is all about defending my title. “I drew with the world number one (Zou Shiming) in the semi-finals in London and that proved to me that on my day I can beat anyone.” Northern Ireland’s general team manager Alison Moffitt said the timing of the drugs tests caused “discomfort” for the athletes concerned. Moffitt said: “Team NI is fully supportive of the anti-doping programme and all athletes and support staff fully adhered to the requirements of the procedures. “Unfortunately the timing of a recent request caused discomfort for a number of athletes who had just finished training and were in a state of dehydration as they make weight for competition which starts in a few days’ time. “All personnel performed their roles efficiently and within the published guidelines.” Conlan was able to fulfil his own drugs testing requirements and return to the athletes’ village shortly after 11pm. He said: “Paddy is one of the grumpiest people you’ll ever meet when he is woken up early in the morning. “Usually it’s hilarious to see his face at moments like that but I had to feel sorry for him this morning.” Conlan went into his first Commonwealth Games in Delhi four years ago as a top-level novice but is now very much the man to beat in the 56kg division. He won bantamweight bronze at the London 2012 Olympics and followed it with a European silver medal last year. Conlan said: “I think I’ve grown massively since Delhi – I was only a boy and I was the youngest and least experienced on the team. “Now I’m one of the most experienced and I’m very confident coming into these Games. I feel the expectation but it pushes me on and I’m very confident I’m going to go out and do the job.” Northern Ireland boxer Paddy Barnes has branded Commonwealth Games drug test timings a “disgrace” and insisted the procedure could have put his participation in Glasgow in doubt. “I could have got cold or sick but they didn’t care – they just cared about getting urine. “In the end they decided they would let me go and get changed but they kept me until two o’clock when they gave me two towels and told me I had to go to sleep on a physio bed. “Eventually they voided the test and I could go back to my room but at half past seven this morning it happened again after four and a half hours’ sleep. “It’s a disgrace. The timing of the test was terrible – to do it two days before the competition, I’ve never heard such a thing in my life.” Barnes has a reputation as a combustible character in the sport having famously derided the Olympic bronze medal he won in Beijing in the wake of a one-sided semi-final defeat. But the Belfast boxer maintained he would be able to put the drug-test issue aside as he focuses on retaining the Commonwealth light-flyweight title he claimed in Delhi in 2010. Barnes added: “If you’re angry it affects your performance and it doesn’t let you focus properly. “This my third Commonwealth Games and since I made my debut in Melbourne eight years ago I have won medals all over the world and I have trained and fought properly. Press Associationlast_img read more

It was Not Easy Playing Nigeria, Keita Admits

first_imgLiverpool and Guinea midfielder, Naby Keita, has revealed it was not easy playing against Nigeria.The Syli Nationale suffered a 1-0 defeat to the Super Eagles on Wednesday and are left with just one point from two matches.Keita is, however, refusing to give up on the possibility of Guinea making it to the last 16 of the 2019 Africa Cup of Nations in Egypt despite their current situation. “It wasn’t our day (Wednesday) but we did all we could and played to our level best.“We have to keep our heads high and move to the next match with an aim to win. It is not yet over and we will fight till the end,” Keita summed up. Guinea, who are now third in Group B following Madagascar’s 1-0 victory over Burundi on Thursday, must defeat The Swallows in their last Group B game at the All Salam Stadium Cairo on Sunday, June 30 to stand a chance of reaching the knockout phase.Nigeria and Madagascar will also clash on Sunday at the Alexandria Stadium in the other Matchday-3 Group B match. The two games will be played simultaneous 15:00 GMT.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Cameroon suspend French coach Lavagne

first_imgThe coach of the Cameroon football team Denis Lavagne has been evicted by the country’s sports minister Adoum Garoua. A press release from the sports ministry says the decision is due to poor results by the team, the most recent being the two -nil defeat to little rated Cape Verde in the last round qualifiers for the 2013 african cup of nations.The same decision also appoints Jean Paul Akono as the coach to be assisted by Martin Ndtoungou Mpile, who was also deputy to Lavagne.Lavagne will continue receiving his bonuses until the 31st of October 2012 when his contract expires. The frenchman who is contesting the minister’s decision,said “?The minister has no right to suspend me” ?”I’m still the coach of the indomitable lions until I have a contrary decision from the football federation fecafoot.”In the meantime, the federation’s secretary general Tombi a Roko Sidiki told supersports.com this morning that the minister’s decision was not taken unanimously.?We back the decision to suspend Lavagne because we saw it as the best way to take Cameroon’s football out of the sorry situation now,’ he said ?we need someone who can pilot the team through the turbulent waters.’However, the cause of disagreement remains the choice of his successor. ?Jean Paul Akono does not have the right profile to lead the team, Tombi said. Nevertheless, he refused to name the federation’s choice of coach. Denis Lavagne coached the lions for ten months and won the LG cup in Marraketch Morocco last November. On his part, Akono will be in his second stint at the helm of the lions after a short stay between 2000 and 2001. He won gold for Cameroon at the summer Olympics in 2000.last_img read more

Steve Kean ‘forced to resign’ as Blackburn Rovers manager

first_imgSteve Kean says he has been “forced to resign” as manager of Championship side Blackburn Rovers.The Scot, 44, has left Ewood Park with immediate effect because his position had become “untenable”, he said in a statement.Blackburn owners Venky’s held talks with Kean at the weekend following a 2-1 home defeat by Middlesbrough.Kean said earlier on Friday that he believed the talks had been “positive and constructive”.Rovers managing director Derek Shaw insisted he knew “nothing” about Kean’s departure immediately after the release of his statement, before Blackburn later confirmed the Scot’s resignation.Rovers were relegated from the Premier League in May but are third in the Championship table after taking 14 points from their first seven matches. Kean had been in charge of the Lancashire club since December 2010 when he replaced the sacked Sam Allardyce.The statement, which was issued through Kean’s lawyers on Friday, said: “For reasons that I cannot discuss on legal advice, it is with deep regret, given my hard work and service for the club for a number of years, that I have been forced to resign as manager of Blackburn Rovers Football Club with immediate effect, due to my position as team manager becoming untenable.“I wish to thank all the players and coaching staff for their great support and the majority of the fans, who now see their club heading towards an automatic promotion position back to the Premiership. I wish the club all the very best for the future.”A large number of Blackburn supporters have held protests against Kean for much of his 21-month reign, but he had continued to retain the backing of Indian owners Venky’s.There were more calls for his exit from a sizeable majority of the home crowd throughout Friday’s loss against Middlesbrough, which was Rovers’ first defeat of the Championship season. A fans’ boycott has led to attendances at Ewood Park falling significantly, with the 13,405 crowd against Middlesbrough more than 9,000 down on the average crowds they were attracting in the Premier League last season.Former Scotland striker Kevin Gallacher, who helped Blackburn win the Premier League title in 1995, says it is vital for the club to unite following Kean’s departure.“I know a lot of the fans will be out celebrating tonight,” he told BBC Radio Lancashire. “But there are two halves to a football club, and they haven’t joined together at Blackburn for the last 18 months.“They’ve got to get the boardroom right, they’ve got to get the management right and they have got to work together – and not just with each other, but for the people of Blackburn.”Following Kean’s appointment, Rovers only avoided relegation from the Premier League on the final day of the 2010-11 season with a 3-2 victory at Wolves. However, he was unable to save them from the drop last season, ending the club’s 11-year stay in the top flight.last_img read more

Read which Indian boxer has been seeded 1st in Asian Olympic Qualifiers!

first_imgImage Courtesy: Getty/tokyo2020.orgAdvertisement wie0NBA Finals | Brooklyn Vs1dsWingsuit rodeo📽Sindre Etx( IG: @_aubreyfisher @imraino ) tegWould you ever consider trying this?😱27jofCan your students do this? 🌚aid5Roller skating! Powered by Firework The 2020 Tokyo Summer Olympics are just a few months away, and while the recent weeks will see athletes competing to enter the qualifiers for the grand event, India’s medal hopes have taken a leap forward. Former international silver medallist Amit Panghal has successfully secured top position in the upcoming Asian Olympic Qualifiers, coming out as 1st seeded to participate in the qualifying championship starting tomorrow in Amman, Jordan.Advertisement Image Courtesy: Getty/tokyo2020.orgPanghal, who competes in the 52 kg category, is the only male Indian boxer who has secured a seeded place into the qualifying tournament. The no. 1 pugilist in International Olympic Committee’s (IOC) Boxing Task Force list earlier won a silver at the 2019 World Championships. Pandgal’s experience is expected to be fruitful for India hoping to clinch a gold in Tokyo.On the other hand, superstar female pugilist MC Mary Kom has seeded 2nd in the 51 kg category. Along with Mary, Lovlina Borgohain and Pooja Rani both also secured a place each in the qualifiers.Advertisement Borgohain, who has won two bronze medals at the World Boxing Championships, came second in the women’s 69 kg category. The 2019 Asian Amateur Championship gold medallist Rani, competing in the 71 kg category, entered as 4th.The Asian Olympic Qualifiers is conducted by by the International Olympic Committee’s Boxing Task Force. They will also be in charge for the boxing events in Tokyo coming July and August.Advertisement Following a successful training period in the city of Assisi, Italy, the Indian boxing team touched down in the capital of Jordan for the event on 29th February. A total of 63 boxers, including eight men and five women Indian boxers will be battling out to secure an entry into the semi final of the event, which will automatically secure a berth for them at the Olympics.Santiago Nieva, the High Performance Director for the Indian team expressed confidence on the pugilists. “Everything is fine here. The team is in high spirits and we are looking forward to a strong performance,” Nieva said in an interview with PTI.“We have worked on some areas to ensure that our opponents do not stand a chance,” the director added.Also read-Boxer Amit Panghal reaches historic world number 1 spot ahead of Tokyo 2020Vinesh Phogat explain exactly why she will return from Tokyo 2020 medal in hand! Advertisementlast_img read more