The pension fund said the new arrangement would increase the chance that the current annual pensions accrual of 1.875% of a paid salary could not be continued.It indicated that its initial calculations, based on the discount rate for liabilities, suggested that the accrual would have to drop to 1.48%.“This is much lower than the accrual percentage expected by the employer and the unions, and approximately 20% less than the current accrual,” the pension fund said.Drawn on the interest rate level of May-end, the negotiating parties expected an annual pensions accrual of 1.79%.However, since then interest rates have dropped significantly.Court must decide on BPL’s disputed trustee appointmentThe €20bn Dutch pension fund for the agricultural sector (BPL) and its pensioners’ association (MLP) have failed to reach a settlement about the appointment of a trustee on behalf of the pensioners.They have asked the court to pass a final verdict in the long running dispute in which BPL refuses to appoint Arthur Theunissen, as it had suggested he was not capable of a board position.Last month, both parties – urged by the court – tried in vain to settle the conflict, which started two years ago and saw them in court six times since then.Both institutions declined to provide details about the reason why their settlement talks had collapsed.In a short response, MLP said the court would have to decide whether BPL had to pay up to €500,000 in penalties for non-compliance with earlier court decisions.Last year, pensioners elected Theunissen as one of their two representatives on the pension fund’s board, after BPL had been forced to allow him as a candidate on behalf of its pensioners.However, the industry-wide scheme has emphasised that it rejected Theunissen as a trustee.Whether he can join the board at all is still unclear, as supervisor De Nederlandsche Bank (DNB) hasn’t published the outcome of its examination on his suitability as a board member.Rockwool delays switching to new pensions providerDutch firm Rockwool has delayed its plan to pick a new pensions provider in the wake of the new pensions agreement, lower allowed assumptions for future returns as well as low interest rates.As a consequence, its €403m pension fund will keep on providing pensions for 3,100 participants, 40% of whom are active members, in 2020.On its website, the scheme announced that the pensions accord, the new return parameters as well as the low interest rates environment had changed the fund’s situation.Before deciding on changes, the board and the social partners wanted to have a better insight into the consequences of all developments, it said.Earlier this year, Rockwool said the employer and social partners had announced they wanted to seek a new provider.At the time, the options were to leave accrued pension rights with the pension fund while placing new accruals elsewhere, or transferring everything to a new provider, which could be another scheme, a general pension fund (APF), an insurer or a Belgian pensions vehicle.A survey had shown that participants, and pensioners in particular, preferred certainty and a stable pension, rather than a pension that could rise and fall.The Rockwool scheme said it was possible that it had to cut pension rights in 2020 due to insufficient recovery potential. At September-end, its funding stood at 95.5%.The pension fund further stated that, as a result of low interest rates, it expected its annual accruals to also fall short of the fiscally allowed 1.875% of the pensionable salary.This year, its annual accrual percentage was 1.774%. The pension fund of bank ABN Amro said that the introduction of a fixed contribution – as recently agreed between the trade unions and the employer – could lead to a 20% reduction in pensions accrual over the next five years.On its website, the €31bn scheme announced it was assessing whether it could implement such an arrangement, which is the backbone of the new collective labour agreement (CAO) at ABN Amro.During the past years, the premium paid by the employer varied. It currently stands at 46% of the pensionable salary.However, last month the unions and the plan sponsor agreed that the latter would contribute 37% over the next five years.
* Mandurriao – Santa Rosa, Taft North * Calajunan, Dungon C, Guzman-Jesena,Pali-Benedicto, PHHC Block 17, PHHC Block 22, and San Rafael in Mandurriao * Javellana, Luna and Sta. Isabel inJaro The regional oversight committee onthe government’s antidrug campaign identified the 27 barangays yesterday perdistrict: * no drug protector, coddler orfinancier * Banuyao, Aguinaldo and Lopez JaenaSur in La Paz The 34 barangays previously declaredas drug-cleared were: * no drug pusher, user or dependent But there are more barangays to becleared. The city has a total of 180 villages. “I am very happy that 27 morebarangays were drug-cleared by the oversight committee. I thank everyone fortheir support to this most important program,” said Mayor Jerry Treñas. Aerial photo shows a portion of the Iloilo River Esplanade along Diversion Road, Iloilo City. PHOTO FROM PROJECTLUPAD.COM * no drug laboratory or clandestinechemical warehouse The Dangerous Drugs Board set theguidelines declaring a village as drug-cleared. These were the following: * Avanceña, Poblacion, San Antonio,South Fundidor, and Taal in Molo Also, barangay officials must beactive in antidrug activities. Sangguniang Kabataan must be involved in thedrive to maintain a drug-free community. There must be consistent awareness,preventive education and information programs on illegal drugs, and there mustbe voluntary and compulsory barangay drug treatment rehabilitation processingdesk. * no transit or transhipment activity * City Proper – Danao, Flores, Gloria,Hipodromo, Kahirupan, Kauswagan, Legaspi De La Rama, Magsaysay, Maria Clara,Ortiz, Osmeña, President Roxas, Rizal Ibarra, Veterans Village * no drug den * no marijuana cultivation site * Arevalo – Mohon, Sta. Filomena The goal, he said, is make all the 180barangays free from illegal drugs by next year. * no illegal drugs supply The Philippine Drug Enforcement Agencychairs the regional oversight committee. The members are the Department ofInterior and Local Government, Department of Health, Philippine NationalPolice, and local government units. * Jaro – Democracia, El 98, Castilla,Lopez Jaena, Our Lady of Fatima, Our Lady of Lourdes, San Jose, San Roque,Seminario * Arsenal Aduana, Inday, Nonoy,Rima-Rizal, Sto. Rosario Duran, Tanza Timawa Zone 1, Tanza Timawa Zone 2, YuloArroyo, Ed Ganzon, Roxas Village, Sampaguita, and San Jose in the City Proper ILOILO City – With 27 more barangayshere declared as “drug-cleared”, the total number of Iloilo City villages withsuch status rose to 61. * Loboc and Punong in Lapuz * Lapuz – Libertad * Quezon and San Jose in Arevalo./PN
Armed with an arrest warrant, the Calatrava police staged Aburido’s apprehension around 4 p.m. on June 2.The suspect was detained in the custodial facility of the Calatrava police station. BACOLOD City – A man facing an illegal gambling charge was nabbed in Barangay Suba, Calatrava, Negros Occidental. Police identified him as 59-year-old Carlito Aburido, a resident of the village. The court recommended a P30,000 bail bond for his temporary liberty./PN
Nigeria born English footballer Hakeem Odoffin is hoping that his new club Hamilton Academical can pick their first three points of the new season this Saturday. The 22-year-old defender, who started out in Tottenham’s youth system, played 18 months at the Lions before moving to Accies this summer on a contract until 2021. Looking forward to the visit of St Mirren in the Premiership , Odoffin, who has had previous spells at Northampton, Eastleigh, Wolves and Barnet, expressed disappointment that the team has lost two matches in a roll but insists it is not late to pick up. He described his move from Livingston to Hamilton last month as smooth. “It was actually really easy. It was seamless.“It is still up in Scotland and I have played in the league before. “Everyone has been brilliant since I got here. They are nice people, good lads, and the gaffer has been great. “I want to play as long as possible at as high a level as possible.Advertisement Loading… Promoted Content11 Most Immersive Game To Play On Your Table TopTop 10 Most Romantic Nations In The World7 Black Hole Facts That Will Change Your View Of The UniverseBirds Enjoy Living In A Gallery Space Created For Them7 Of The Wealthiest Universities In The WorldIs This The Most Delicious Food In The World?Top 7 Best Car Manufacturers Of All TimeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreThe Most Exciting Cities In The World To VisitSome Impressive And Almost Shocking Robots That Exist6 Interesting Ways To Make Money With A Drone7 Universities In The World Where Education Costs Too Much “As a footballer you just want to play the best you can, do the best you can for the team you are in, showcase your talents and get the best results you can. “My focus is the here and now. I take it week by week. I let the gaffer focus on the long term. “My focus is on the game at the weekend and being ready if I’m picked.” Hamilton have lost their first two games – a 5-1 defeat at Celtic Park and a 1-0 home loss to Ross County – but Odoffin remains optimistic. He said: “We take positives from every game we play in. Last week we were disappointed not to get anything from the game but there are definitely bits and bobs we can work on, get better at. Read AlsoComplacency: Gerrard issues warning to Aribo, Balogun, teammates “There is definitely things that we are doing well that we can progress on, so it is just a process and it is about taking everything we do well in training into Saturday and try to get a result. “We go into every game at home thinking we can win it so we have to have that mindset.” FacebookTwitterWhatsAppEmail分享
RelatedPosts EPL: Vardy primed for another prolific season after brace at West Brom De Bruyne wins Premier League Player of the Season Vardy wins Premier League Golden Boot Jamie Vardy has agreed a contract extension with Leicester City Football Club, which will keep him at the club until June 2023.The 33-year-old striker produced one of his best seasons in 2019/20, scoring 23 times to win the Premier League Golden Boot as City secured fifth place and a return to European competition. Vardy is fourth on the Club’s all-time leading scorer list with 129 goals.Jamie was named Player of the Season by both the Club’s supporters and his team-mates in Leicester City’s End of Season Awards after her became the 29th player to pass 100 Premier League goals last month.Tags: Jamie VardyLeicester City Football ClubPremier League Golden Boot
Press Association With qualification for the knockout stages well out of their reach, Leinster head coach Leo Cullen handed starting places to some of the younger members of his squad – including three Academy stars – and he was delighted with their performances on the night. Cullen, who fielded six first-time European starters, said: “Yeah, guys are working really hard, and some of those young guys, we talked about it yesterday, they’re the guys that are showing really positive characteristics, day in, day out, and they showed it on the field. There’s no real coincidence, I suppose. Ian Madigan finished with an impressive personal tally of 20 points as Leinster finally secured the first win in this season’s European Champions Cup, beating Bath 25-11 at the RDS. “They work hard all the time, and they put in a good shift. Certainly, they lack in experience, but they made up for it with the endeavour and work that they put in. Delighted for them, that they got a really good, positive reception as well from the crowd, which was fantastic. Unbelievable noise out there tonight.” Madigan’s 15 kicked points had Cullen’s side in the driving seat, before a 59th minute try from Leroy Houston helped Bath to work their way back into contention. However, the Blues responded with a try of their own from replacement Sean Cronin just three minutes later – and Cullen felt they learnt from some of the errors they made in attack during the opening period. He explained: “We got the ball straight back (following Houston’s try), pretty much from the kick-off. Built a bit of pressure there. We probably learnt from some of the mistakes we made in the first half in how we managed our way in the 22. Sean Cronin did very well to get in.” Bath boss Mike Ford is familiar with Cullen from this time in the Ireland international set-up alongside Eddie O’Sullivan, and although he acknowledged that the visitors underperformed in a number of areas, he was particularly disappointed his charges were outmuscled as their Champions Cup hopes petered out in Dublin. “A few things, a few areas. I think our set piece wasn’t great, was it? Line-out, we didn’t win too many collisions, and our discipline was poor. Madigan picked us off, kicking his goals,” conceded Ford. “We knew Leinster didn’t want to lose here in all the three Champions Cup games, so we pretty much knew they were going to come at us, but we couldn’t handle it. “That’s disappointing really, that we couldn’t win a collision. Because you know what we did last week at Toulon, against a very, very big side. We did that last week, and couldn’t do it this week.”
A crowd of faculty and students stood silently, their heads bowed in a semi-circle around Tommy Trojan. Behind them, the American flag hung at half-mast, fluttering in a slight breeze. At noon Wednesday, the group had gathered for a time of remembrance and celebration for the life of former USC president Steven Sample, who died Tuesday. He was 75.“Today we celebrate the life of an extraordinary man, a dear friend to all of us, a beloved colleague, a gifted scholar and a leader of international caliber,” President C. L. Max Nikias said, standing on a podium before the crowd. “Steven Sample has left a legacy on our University, on our Trojan family, our community and on America’s higher education.”Throughout the next hour, the crowd listened as faculty and campus religious leaders praised Sample’s life and his impact on the university. The memorial served as the first step for the Trojan Family to begin healing from the loss of one of its most influential leaders.In his 19 years as president, Sample transformed the national reputation of USC, improving the University’s diversity, outreach and competitiveness. When he came into office in 1991, USC suffered from a struggling reputation as the “University of Second Choice” — the back-up school for competitive students who were rejected from other universities.Sample dedicated himself to changing that image, and in less than two decades, he succeeded. In 2000, Sample’s final year at USC, the middle 50 percent SAT scores had risen to 1,309. The acceptance rate had dropped under 24 percent, and a once majority-white student body had expanded to become one of the most racially diverse in the country.Faculty pulled in twice as many research grants, and the University landed its first Nobel Prize. The USC that current students know — competitive, diverse, prestigious — is the University that Sample built.“Under his exemplary leadership, USC rose dramatically in academic rankings to become one of the nation’s elite universities,” said Mark Ridley-Thomas, Los Angeles County supervisor and a USC graduate. “I will always cherish our friendship, which spanned more than 25 years.”During Sample’s presidency, USC’s endowment rose to $4 billion before the recession hit, almost 10 times the initial $450 million endowment that existed when he took office. His Building On Excellence program raised more than $2.85 billion, allowing the University to expand many of its programs.In 2000, after nine years of Sample’s presidency, Time Magazine named USC the College of the Year. He proudly had 600,000 copies of the article made.“Every living Trojan got at least two copies,” Sample told the Chronicle of Higher Education. “Every dead Trojan got at least one.”But Sample’s impact at USC extends beyond statistics and awards. He was the president who slept in his office and ate every meal in the dining halls during the L.A. riots, hoping to comfort the students left on campus. He served nine years after receiving a diagnosis of Parkinson’s that left a tremble in his left hand. He approached every personal interaction as a way to make the University better.At a time when most of the country felt Los Angeles was dying, he dedicated himself to bettering both his University and the city surrounding it. He created the Good Neighbors Campaign and Neighborhood Academic Initiative to pour more funding into University Park and transform relations with the community for future generations.And when he felt that he had reached a point when he couldn’t give USC the energy it deserved, Sample stepped aside with grace.Sample devoted himself to every aspect of leadership, and those who worked with him remembered him as both a skilled leader and a devoted friend. Although Nikias’ words were tinged with grief, he encouraged the Trojans gathered on Wednesday to use Sample’s legacy to drive their own actions as they move forward.“The story of Steve Sample passes forever into the loving memory of our worldwide Trojan family,” Nikias said. “It will remain powerfully alive, inspiring Trojans for generations to come, driving us all to bring out the best in ourselves, to sense great possibility as he did and to transform possibility into life-changing reality as he did.”Sample is a graduate of the University of Illinois at Urbana-Champaign and the author of The Contrarian’s Guide to Leadership, in which he dealt with his approach to leading at USC. Sample is survived by his wife, his daughters, Michelle and Elizabeth, and two grandchildren.
So you think you can dance?The football team was back inside the Coliseum yesterday — rather than Cromwell Field — for yesterday’s spring practice. In the spirit of training to perform in front of a crowd, the middle of practice featured a special performance that wasn’t exactly related to football.Coach Steve Sarkisian interrupted practice midway through the day for a team dance off. Each unit of the team selected a representative to break it down in front of the rest of the team.Sarkisian said it was a chance to “break up the monotony” of practice and have some fun. He told the players after the dance off that they need to be able know when to have fun and when to get serious and go back to working hard.Sarkisian added that freshman offensive lineman Roy Hemsley had the most impressive moves on the team. He even took to Twitter to announce “I’m declaring @leagueme_roy the dance-off winner.”Can’t stick with StevenRising redshirt sophomore wide receiver Steven Mitchell arguably had the play of the day during practice. Mitchell caught a short screen pass and took it almost 50 yards for a touchdown.He even caused rising sophomore corner back and last year’s Pac-12 freshman defensive player of the year Adoree’ Jackson to lose his footing while trying to make a tackle on the play.Mitchell will likely see a much bigger role at receiver this upcoming season, especially after the departure of Nelson Agholor. The speedy Mitchell will likely see most of his snaps at the slot receiver position.Mitchell had seven catches for 82 yards and two touchdowns last season. He started the last two games of the season but sprained his knee early in the Nebraska game. Mitchell, a Mission Hills Bishop Alemany product, missed all of his freshman season and redshirted in 2013 after tearing ligaments in his knee during summer practice.Taking a standSarkisian said he was standing behind Athletic Director Pat Haden’s decision not to attend a College Football Playoff selection committee meeting this week in Indianapolis.“I support Pat Haden every step of the way,” Sarkisian said of Haden’s statement.Haden announced that he was not going to attend the meeting to protest the controversial Religious Freedom Restoration Act that was signed into law in Indiana this week. Many have argued that the legislation is discriminatory to homosexuals. Haden has a gay son.Haden also took to Twitter, writing this message: “I am the proud father of a gay son. In his honor, I will not be attending the CFP committee meeting in Indy this week. #EmbraceDiversity.” The tweet was retweeted over 6,000 times.Elsewhere in college sports, the law has drawn criticism from NCAA President Mark Emmert. The NCAA is hosting the Final Four in Indianapolis, but Emmert has openly questioned whether the law will negatively affect participants in the tournament. Emmert has even acknowledged the possibility of moving future events out of the state if the law presents an issue.“We’re very serious about our core values and we want to make sure we can operate in an environment that is supportive of those values,” he said in an interview with ESPN. “So this is a very serious issue for us.”
The men’s water polo team is looking to avenge its only loss of the season when the Trojans face off against Stanford Saturday morning.USC has won 10 of 11 games this season, with its only loss coming to Stanford on Sept. 20 at the Kap7 NorCal Invitational.The Trojans will have a chance to get revenge as No. 3-ranked USC takes on No. 2 Stanford at home on Saturday at 10:30 a.m., kicking off a busy weekend of water polo at Uytengsu Aquatics Center.On Sunday, the Trojans will play San Jose State in an afternoon affair.Since losing their first game of the season to the Cardinal, the Trojans have gained a new perspective of what they can do better in the pool.“In the Stanford game we were particularly hesitant at times and that reflected in our offense,” junior Blake Edwards said. “We are creating opportunities and that’s a reflection of the talent of our team and our systems so if we just change the mindset there’s no team that can beat us.”USC started out strong in MPSF play with a 17-9 victory over seventh-ranked Long Beach State last Saturday behind a hat trick each from Nick Bell, Grant Stein and Chase Koplow.“Last game [against Stanford] was pretty disappointing for us,” sophomore Lachlan Edwards said. “I think that Long Beach game and getting some goals on the board gave some of the guys a bit of confidence.”The Trojans, led by head coach Jovan Vavic, have dominated teams thus far this season in non-conference play, outscoring opponents 222-58 and allowing just 5.4 goals per game, good enough to rank first in the MPSF in offense at 20.2 goals per game and third in defense.For the first time in quite a while, the Trojans don’t have their score sheet filled by primarily just one player, as it did in previous years with all-time scording leaders Nikola Vavic and Kostas Genidounias.They are led on offense by Edwards, who transferred from Deakin University in Australia and has an impressive 31 goals through 11 games. Edwards, a member of the Australian National Team, served as team captain at the 2013 and 2015 World University Games. Matteo Morelli (21 goals), Mac Carden (18 goals) and Nick Bell (17 goals) round out the top goal scorers for USC.It will be a marquee match-up on Saturday with two of the top three teams in the nation squaring off.The all-time record is relatively even, with USC dipping below .500 against Stanford since 1979 at 59-60 after its loss to the Cardinal on Sept. 20. Stanford, led by Bret Bonanni with 43 goals, is 12-1 on the season. However, under Vavic, the Trojans are a sturdy 48-17 against the Cardinal.After that 6-5 loss to the Cardinal in the 2015 Kap7 NorCal Invitational semifinals a couple weeks ago, Bell believes that USC now has a chip on their shoulders to get a win against Stanford.Unlike with Stanford, the Trojans have little history against San Jose State because the Spartans’ water polo team is in its first year of existence since 1981, when the program was discontinued.The Spartans have struggled in their first year back, with a 3-8 record thus far under head coach Bruce Watson.After this weekend’s slate of games at home, USC will participate in the SoCal Tournament hosted by LMU and Pepperdine on Oct. 10-11.“I think we can beat any team — it’s just about whether we play our systems and everyone does their role,” Edwards said. “If that happens I think we can beat anyone. I think it will be a much different story this time.”
Let’s hear it for Helton · Interim head coach Clay Helton led the unranked Trojans to a 42-24 win over No. 3 Utah Saturday in the Coliseum. He is now 2-1 as the head coach of the Trojans, losing only to Notre Dame. – Nick Entin | Daily TrojanTwo years ago, USC had an interim head coach and was coming off a close loss to Notre Dame as they prepared to face off against the Utah Utes for parents weekend. The Trojans entered that game shorthanded, as multiple linemen and skill position players were injured. In fact, the Trojans were so thin that most pundits criticized the NCAA for putting student-athletes’ safety at risk.Two years later, and the Trojans walked into their 2015 battle against the Utes under eerily similar circumstances. They are decimated by injuries and under the direction of yet another interim head coach. Just like in 2013 when the team pulled out an incredibly gutsy 19-3 victory over Utah, the Trojans rallied again on Saturday to win in convincing fashion against the No. 3 team in the country.The game, and the Trojans’ performance, told us a lot about this year’s squad. For the first or second time this season, the Trojans played with fight and resolve for 60 minutes. It also showed us how great the Trojan program really can be.Last week, I wrote that the Trojan program is a fallen power, which it is. I also said that the right coach can take the Trojans back to national prominence within one season, and Saturday was a testament to that.The USC team was playing with a second string offensive line. They were missing their starting running back, multiple receivers, and members of the secondary and they still dominated Utah, which came into the game as the No. 3 team in the country.In the last two years since the 2013 Utah game, USC has floundered tremendously. They have had multiple coaches, multiple scandals and a wide array of losses in games they should have won. Conversely, Utah has been a steady ship. The Utes have ascended to national relevancy through disciplined football and consistent coaching. They probably weren’t deserving of the No. 3 ranking in the country, but they are most certainly a top 10 to 15 program.Yet, when the Trojans faced off on Saturday they were favored, and they proved Vegas right because they were the better team. I would also say that USC’s talent is so superior to Utah’s that they would beat them seven or eight times out of 10.That is absolutely ludicrous to think about as a college football fan. USC, which has suffered so much turmoil and endured so many distractions, still is good enough to beat a very solid football program more than 50 percent of the time. Utah has climbed so high in two years, and yet they still cannot eclipse the Trojan brand at its worst. It’s not just Utah, I’m sure the same could be said about most programs in the country. USC isn’t a national power anymore, but they very well could and should be with the right coach.USC recruits great talent, and as Saturday proved, the better players will win out most of the time. The Trojans have notoriously under-developed many of their highly touted recruits over the last few years. Yet, the playmakers, who have been able to transcend lackluster coaching, demonstrated on Saturday how lethal talent can be on the football field. Whether that was JuJu Smith-Schuster outrunning the Utah secondary on crossing route after crossing route, or Ronald Jones breaking through the line and arm tackles, the Trojans have the talent on this team and in the pipeline to be a national brand in 2016.That coach is still up in the air, but I hope very fair consideration is given to Clay Helton. While he is still adjusting to the head coaching role, he clearly has this team playing with passion and pride. The Trojans haven’t jumped around at midfield to start the fourth quarter like they did Saturday in a very long time.Whoever the coach is, he has to understand the value and history of the Trojan football team. The Trojan program has a long lineage of great players, who can mentor and shape the current student-athletes. The talent is there, the resources are there. Everything is there for a coach to come in and have USC back atop the rankings next year.USC should be in every game the rest of the season, and there is no reason they can’t win the Pac-12 South if Utah loses once more. It may not happen, but they certainly have the talent and capability to make it happen. That’s a pretty impressive feat considering everything that has happened the past few months, and even more so, the past few years. Hopefully, next year the goal will move from a conference championship to a national one.Jake Davidson is a junior majoring in accounting. His column, “Davidson’s Direction,” runs Mondays.