Royal Mail strikes deal with union for CDC scheme

first_imgRoyal Mail could become the first UK company to introduce a collective defined contribution (CDC) scheme after reaching an agreement “in principle” with the Communication Workers Union (CWU).The two parties have been locked in discussions for months following Royal Mail’s decision in April 2017 to close the Royal Mail Pension Plan (RMPP), a defined benefit scheme. The company confirmed today that RMPP will close to future accrual from 31 March 2018.Under the proposals made public by the company today, a CDC fund would replace RMPP, with a “defined benefit cash balance scheme” alongside it. Royal Mail said it would contribute 13.6% of of members’ pensionable pay, with members paying 6%. The scheme would target a level of income in retirement similar to that of RMPP, but this would not be guaranteed.The cash balance section would fund the payment of guaranteed lump sums to members upon retirement, with discretionary increases applied depending on investment performance. Until a CDC scheme is launched at Royal Mail, employees will save into the company’s existing defined contribution plan and the new cash balance fund.CWU members will now vote on the proposal and have been encouraged by the union to accept the deal.Moya Greene, Royal Mail’s CEO, said the new pension arrangement was “an affordable and sustainable solution that enables us to continue to innovate and grow and to meet the intense competition with confidence”.Speaking earlier this week in a video posted to the CWU’s website, Terry Pullinger, deputy general secretary for postal, said: “I absolutely believe that we have now with this agreement laid the foundation for the right attitude and approach to the future of our business… When you consider where we started, I hope you will agree that this will be seen as an excellent achievement by this trade union.” The birth of UK CDCThe CWU and Royal Mail plan to lobby the UK government to allow the establishment of CDC schemes – also known as ‘defined ambition’. The UK passed primary legislation to allow such schemes in 2015, but the government subsequently abandoned the idea and has not introduced the secondary legislation required to make them possible.In November, the Work and Pensions Select Committee of the UK’s parliament launched an inquiry as to how the schemes would work.Frank Field, chair of the committee, said: “What the Select Committee is aiming for is to retain some of the best features of company schemes in a different age when employers are no longer willing or able to sustain the burden of final salary promises to employees, who could club together and pool the risk themselves.”The committee’s call for evidence closed yesterday with 19 responses so far made public. Respondents include academics, consultants, trade bodies and pension funds, including master trust NEST and Dutch civil service scheme APG.center_img Royal Mail and the CWU will lobby government to make the necessary legislative and regulatory changes so a CDC scheme can be established. Royal Mail said the ongoing annual cost of the new arrangement would be roughly £400m (€457m), in line with the current cost of its existing arrangements. Last year the company warned that its annual payments were likely to hit £1bn if RMPP was not changed.last_img read more

Alethea Meinders

first_imgAlethea Meinders, 92 of Greensburg, formally of Milan, IN passed away Wednesday August 1, 2018 at Waters of Batesville, IN. She was born Saturday April 17, 1926 in Milan, IN; the daughter of Charles and Lula (Grothman) Meinders. She graduated in 1944 from Milan High School.  She was of the Jehovah Witness faith. Alethea enjoyed sewing, quilting, gardening and her flowers.Alethea is survived by many nieces and nephews.  She was preceded in death by brothers: Charles and Donald Meinders. Sisters: Dorothy Meinders and Leona Meinders Winton.Funeral Services will be held at 11 a.m. Friday August 3, 2018 at Laws-Carr-Moore Funeral Home in Milan with Ron Kappeler officiating. Visitation will be Friday 10-11 a.m. also at the funeral home. Burial will take place at St. Paul Lutheran Cemetery north of Milan. Memorials may be given to the Family.  Laws-Carr-Moore Funeral Home entrusted with arrangements, 707 South Main Street, Box 243 Milan, In 47031. (812)654-2141, Milan, Indiana 47031.  Go to www.lawscarrmoore.com to leave an online condolence message for the family.last_img read more

Adidas chief admits Manchester United style “not exactly what we want to see”

first_img United endured a dismal end to 2015, slipping out of the Barclays Premier League top four and exiting the Champions League after embarking on their worst run in 26 years. Although they did start 2016 with a win over Swansea, United ended the previous year with a damaging run of eight matches without a win. Press Association Some fans have become concerned at the slow, possession-based style United play under manager Louis van Gaal and it seems they are not the only ones who are worried. Adidas paid a world-record £750million sum to become United’s kit supplier for 10 years last summer. Adidas is reaping the rewards from United’s global reach financially, but in terms of what is happening on the pitch, the sportswear giant is not completely satisfied, it seems. “Business with Man Utd is going very well,” Hainer told German newspaper Suddeutsche Zeitung. “We sell more jerseys than expected, the foreign share is 60 percent. “We are satisfied, even if the actual way of playing of Man Utd is not exactly that what we want to see.” Hainer is not the first person to criticise Van Gaal’s playing style this season. United fans have regularly chanted “attack, attack, attack” at the team while they slowly build from the back. And former United midfielder Paul Scholes described the football on display at Old Trafford as “boring” earlier this season. The statistics back up Scholes’ jibe. Just 15 goals have been scored at Old Trafford this season, the lowest of the 92 league clubs. The mood within the club seems to be one of positivity after they returned to winning ways on Saturday, however. Juan Mata has been encouraged by the performances in the victory over Swansea and the goalless draw against Chelsea on December 28. The United playmaker wrote on his weekly blog: “At last I can write a post feeling that we’ve done our duty during the weekend. “Luckily, I feel that we have started 2016 with energy and that our negative streak (much longer than it should be) has been left behind… “Many of you have asked about how we felt as the games went by and the team didn’t win. I have to say that our only thought was to work well day after day, stay focused and try to revert this situation. “In our last game of 2015, against Chelsea, I think everybody saw what I’m talking about. “There was dynamism, courage and energy although we couldn’t win. Finally, we did it on Saturday against Swansea. You could see how tough it was, but I think we deserved the three points. “I hope this is going to be the start of a good run of results.” Next up for United is their FA Cup third round fixture at home to Sheffield United on Saturday evening. It is understood Van Gaal told his players they could have a few days off after their win over Swansea after their busy Christmas schedule. Manchester United’s playing style has been criticised by adidas chief executive Herbert Hainer, who agreed a £750million sponsorship deal with the club last year. last_img read more

Testa uses father’s words of wisdom literally as SU pole vaulter

first_img Comments Published on April 27, 2010 at 12:00 pm Contact Chris: cjiseman@syr.edu | @chris_iseman ‘I’m happy I’m doing well, but it should’ve come sooner,’ she said. ‘I still want to jump a foot or two higher before I graduate.’ But despite the struggles and frustration, Testa knew she’d have to weather the storm and keep working on her technique. Once Testa, a Rochester, N.Y., native, arrived as a freshman, she expected to do well right away. She quickly found out that wouldn’t be the case. She encountered setbacks that she would have to overcome if she wanted to be successful for the Orange. Those setbacks continued as a sophomore. For the Orange, it’s a good thing she returned.  Eventually, she was able to make those adjustments. But it took a lot of  time and a lot of patience. Since she started with the Orange, her coach said she has gotten both stronger and faster. But her biggest improvement has been her confidence. Now Testa doesn’t think about not being able to make a certain height. When it comes to what she could do during competitions, what used to be ‘if’ has become ‘when,’ her mother says. As she struggled during her first two years, her confidence level fell more and more. Although she wasn’t getting the results she wanted, she never considered leaving the team. Testa, a pole-vaulter for the Orange track and field team, has endured a transition period from high school to the collegiate ranks on the field. After struggling to adjust to the competition level during her first two years on campus, Testa has become an integral part of an emerging Syracuse track and field team as a junior. Growing up, Leah Testa would always be reminded of one thing by her father, John: ‘The sky is the limit.’ That one short but meaningful phrase served as a form of motivation to keep trying to improve as a pole-vaulter. Following a decorated high school career where she competed at the state championships four times, Testa found herself having to go back to the basics of pole-vaulting. In addition to facing a higher level of competition, Testa also had to adjust to a new brand of coaching at the Division I level.  ‘I give her credit for sticking through it,’ SU’s assistant coach Enoch Borozinski said. ‘There were times where I thought I might not see her the next year.’ ‘Her recent improvements have just been about her having a little bit of confidence in herself as a pole-vaulter and bringing it to the competitions,’ Borozinski said. Her path to becoming a champion pole-vaulter for the Orange didn’t come easy. It required improvements not only to her technique, but also her mindset. cjiseman@syr.edu Facebook Twitter Google+ At her second meet of the year, the Syracuse Welcome Back Invitational, she was the women’s champion — jumping 3.4 meters. A few meets later, she was also the women’s champion at the Syracuse Invitational with a jump of 3.6 meters. ‘It isn’t ‘if I do better,” Sandy said, ‘now it’s ‘when I hit that mark.” Which is good for Testa because she still isn’t completely satisfied. After all, she’s still reminded of those words she grew up hearing from her father. Though Testa overcame the struggles she faced during her first couple of years, she’s not quite where she hopes to be by the time she’s finished. Instead, she still believes she could be even better with some small technical adjustments.  But there were times when her coach wasn’t so sure.  ‘Growing up, she was always hearing that positive reinforcement,’ said Leah’s mother, Sandy Testa. ‘(Her father) is a very positive person and has tried to instill that in her.’ ‘I was really bummed last year, but I never considered just stopping because I’ve done it for so long,’ Testa said. ‘I wouldn’t know what else to do.’ It was as if her father knew exactly what was to come. last_img read more

FB : Team holds practice in Rochester Saturday

first_img Comments Facebook Twitter Google+ Published on March 28, 2011 at 12:00 pmcenter_img ROCHESTER, N.Y. — For Doug Marrone and the Syracuse football program, Saturday’s practice and scrimmage were more of the same. But in reality, beyond the humdrum repetition of the two hours in full pads spent at Sahlen’s Stadium, the bus trip 90 minutes west to Rochester served up a different practice environment.Due to the attendance of Rochester’s two most talked-about current high school football players — one an embattled 2011 Syracuse signee and one a lauded 6-foot-7, 290-pound, baby-faced 2012 SU target — the significant news of the day strayed from SU’s progression on the field and into the stands.On Saturday afternoon, the city of Rochester was supposed to reunite with Syracuse by way of the traveling scrimmage. It was SU’s first practice outside of campus in as long as any SU athletics representative could recall. But Ashton Broyld and Jarron Jones became the news amid an underwhelming turnout. In 24-degree temperatures with winds whipping through the stadium, no more than a few hundred people filtered into the stands to see the Orange practice.Still, SU’s head coach Marrone promised to return to the neighboring city and preached the importance of SU’s relationship with Rochester.‘I think it is important for us to reach out to this (Rochester) community and say, ‘Hey, there might have been a little bit of a disassociation, but we are doing our part and we are going to come here as much as we can,” Marrone said.AdvertisementThis is placeholder textBut while braving the frigid temperature post-practice with a seven-minute-long session with the media, Marrone spoke about Broyld for all of 20 seconds. Standing just yards from a smiling Jones — who, per NCAA rules regarding unsigned high school players, coaches are not allowed to comment on — Marrone addressed Broyld’s status with the SU football program.Marrone, a head coach who has taken a hard stance with regard to discipline in his two seasons at Syracuse, hinted that Broyld will be a part of SU. He said that despite a March 9 incident in which Broyld made inappropriate gestures to a crowd after a high school basketball game at Rochester’s Blue Cross Arena.Marrone said he talked to Broyld, and he spoke of Broyld on Saturday as if he were just another one of SU’s 27 signees in 2011.‘I’ve talked to Ashton,’ Marrone said. ‘I’ve talked to the family, people at the school. We are well aware of the situation. It is a private matter. We expect Ashton, as well as the rest of our signees, who have work ahead of them to do. But we expect all of them to be a part of Syracuse University in the summer.’Broyld exhibited behavior that his high school, Rush-Henrietta, described in a statement as ‘completely unacceptable.’Broyld apologized for his actions two weeks ago through his own statement.‘I know I violated our district’s code of conduct,’ Broyld said in the statement. ‘I value the importance of sportsmanship and the good that comes from being a student-athlete.’The athletic 6-foot-4, 225-pound quarterback was named the New York State Class AA Player of the Year after leading Rush-Henrietta to a 13-0 record and the state Class AA Championship in the Carrier Dome.Along with his family, Jones soaked in all that Syracuse’s excursion to Rochester had to offer. After the 86-play, 55-minute scrimmage, Jones strolled alongside the Syracuse contingent at the stadium, which is only five minutes from his house. Jones, who is rated a three-star defensive tackle recruit by Scout.com, is regarded as a talent with upside, evidenced by his scholarship offers from Alabama, Florida, Florida State, Michigan, Notre Dame and Penn State.Syracuse has offered Jones as well. And Saturday, a smiling Jones said the Orange is in his ‘top five.’Among his family, Jones’ would-be defensive coordinator — SU’s Scott Shafer — sprinted up to Jones while he was on the Sahlen’s Stadium field. Shafer introduced himself to Jones for the first time with a handshake.It came after another run-of-the-mill SU practice, during which Shafer’s defensive unit outperformed the offense. The defense muzzled SU’s returning starting quarterback, Ryan Nassib, forcing him into poor pass after poor pass Saturday.‘(We) definitely got some stuff to pick up on,’ Nassib said.The drive west to Rochester aboard three buses did little to shake the cobwebs off of a traditional slow start to spring ball for the more than 70 SU players in attendance.Saturday’s scrimmage was just the third practice in pads for the Orange. Nothing groundbreaking came close to occurring. Nobody was injured. The turnover and unforced error situations weren’t bad, as Marrone said. Position battles, the likes of which are occurring at linebacker and backup running back for the Orange, simply couldn’t be analyzed ‘overall’ by the third-year head coach.Practice was practice. But what surrounded it — Rochester — provided a flurry of news.‘It’s always the same,’ Marrone said. ‘You sit here as a coach — especially the head coach — you see things they do well on defense, on offense. I think the players, you got to get used to playing with each other.’aolivero@syr.edulast_img read more

Dolphins’ Fitzpatrick learns of mom’s death before scrimmage

first_img Miami Dolphins quarterback Ryan Fitzpatrick’s mother died Saturday, and he left a morning scrimmage as it began to be with his family, coach Brian Flores said.The team gathered in prayer as Fitzpatrick departed. He missed one day of practice last week for personal reasons.“Our hearts go out to him as a team and an organization,” Flores said. “There are things bigger than football.”Flores said he didn’t know how long Fitzpatrick would be away from the team.Josh Rosen and Tua Tagovailoa took the snaps in Fitzpatrick’s absence. Miami’s first game is Sept. 13 at New England. Written By Associated Press Television News Last Updated: 29th August, 2020 22:42 IST Dolphins’ Fitzpatrick Learns Of Mom’s Death Before Scrimmage Miami Dolphins quarterback Ryan Fitzpatrick’s mother died Saturday, and he left a morning scrimmage as it began to be with his family, coach Brian Flores said. WATCH US LIVE COMMENTcenter_img LIVE TV First Published: 29th August, 2020 22:42 IST FOLLOW US SUBSCRIBE TO USlast_img read more

Bahamas Plans to Deport Undocumented Migrants Living in Shelters

first_imgPhoto via NBC News NASSAU, Bahamas, CMC – The Bahamas government says it will deport undocumented migrants who survived the passage of Hurricane Dorian on September 1 and are now living in shelters.Immigration Minister, Elsworth Johnson, says the shelters will not be used “to circumvent the law”.“If you’re in a shelter and you’re undocumented and you’re not here in the right way, you’re still subject to deportation and the enforcement of the immigration laws,” Johnson told The Nassau Guardian newspaper.“Most certainly, those shelters will not be used as a mechanism to circumvent the law. The government of The Bahamas fully appreciates that we are a country of laws. We’re governed by the rule of law.“There’s an Immigration Act and the Immigration Act is in full effect and the director [of immigration] understands that he must enforce it,” he added.The Category 5 storm, with winds in excess of 180 miles slammed into The Bahamas killing at least 56 people and causing widespread destruction mainly on Grand Bahama and Abacos islands.The government-appointed coordinator of hurricane relief efforts in Abaco, Algernon Cargill, also warned undocumented migrants against any plans for returning to Abacos Islands.“If you don’t have a purpose of being in Abaco, like to rebuild or relatives and you don’t have any legal status to be in The Bahamas, you should not go to Abaco.“For example, there are rumours that Haitians are returning to Abaco, correct? So they have no legal status to return to Abaco, so why are they returning to Abaco? So, when we say, ‘shouldn’t go back’, we’re actually referring to that group of people.“They have no status or no reason to be there. You can’t tell Bahamians not to go to Abaco. But if persons who are illegally in The Bahamas, they should not be traveling to Abaco,” Cargill added.Soon after the hurricane swept through the archipelago, Johnson had announced that the government would not carry out immigration exercises at shelters for hurricane victims.“Having regard that we’re now facing a humanitarian crisis, the government is taking the decision that those immigration policies or enforcement measures be suspended forthwith in the affected areas – that’s the Abacos and Freeport, Grand Bahama,” he said then.But he told the newspaper that migrants who have no legal right to be in country face deportation regardless of where they are in the Bahamas.“Now, I would like to say that the hurricane has now gone, and so, immigration officials are no longer being utilized to rescue persons or in a humanitarian way and so to the extent that anybody would find themselves anywhere in The Bahamas, including Freeport and Abaco and they’re undocumented and they’re found, they will be apprehended and the law will take its course.”Johnson said he has instructed the director and immigration officers “to protect the borders of the country to enforce the immigration laws without “fear, favour or ill will.”The newspaper reported that among the areas most impacted by Hurricane Dorian were shantytowns on Abaco, home to a significant migrant population and that thousands of people were evacuated from Abaco and Grand Bahama after the storm. Many of them are now in New Providence in shelters.last_img read more

Fonbet Russia launches new online sports betting property bkfon.ru

first_img Alexey Khobot on the evolution of odds calculations August 13, 2020 SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 StumbleUpon Share Share Submit Russian bookmaker Fonbet has launched its new online sports betting property bkfon.ru, becoming Russia’s sixth licensed operator.Fonbet a member of Russia’s Bookmakers Self-Regulatory Organization (SRO) launches its bkfon.ru website, having gained its license approval by Russian media regulator Roskomnadzor.In order to comply with Russian online betting laws, the new Fonbet property will adhere to strict payment processing regulations monitored by state regulators, which will see bkfon.ru channel its transactions through the centralised TSUPIS system. Additionally, as a SRO syndicated bookmaker, bkfon.ru will utilise Russian payment service QIWI as its lead transaction service.bkfon.ru follows Liga Stavok, Winline, 888.ru, 1XBet and Leon.ru as Russian approved online betting operators by Roskomnadzor.Based in Moscow, Fonbet currently operates over 800 betting points within Russia as well as licensed online betting services. Furthermore, the bookmaker has been the official sponsor of Russia’s National Football League (FNL) second division for season 2015/16.At the start of 2016, the Russian government revamped its online gambling regulatory framework, specifying that licensed bookmakers would be charged with a 10% tax on betting wagers.Following direct orders from the Russian government, Roskomnadzor has implemented a strict stance monitoring unlicensed bookmakers deemed to be targeting Russian consumers. Throughout 2016 the regulator has blocked IP and payment transaction services to numerous European operators including 888, Triobet, Unibet and bwin.party. Related Articles Ilya Machavariani, Dentons – CIS regional dynamics will come to play prior to gambling take-off July 31, 2020last_img read more

Jerome in FA betting charge

first_imgStoke City striker Cameron Jerome has admitted to breaching FA rules after betting on a competition involving his club.The 26-year-old admitted the charge and will now face an Independent Regulatory Commission, although he is not suspected of match-fixing or placing bets on matches he was directly involved in.An FA statement read: “The FA has charged Stoke City’s Cameron Jerome with breaches of its rules in relation to a number of betting offences.“Jerome has admitted the charges. A date for an Independent Regulatory Commission to hear the case will be set in due course.”A statement from Stoke added: “Cameron has admitted the charges and will in due course attend an Independent Regulatory Commission, at which he will be supported by the Club.“The Club or the player will not be making any further comment at this time.”last_img read more