Category Archives: ammkzcen

Dutch court blocks airline KLM from launching pension fund for pilots

first_imgThe Amsterdam court has blocked KLM from starting a new pension fund for its pilots after the airline cancelled its contract for pensions provision with the existing Pensioenfonds voor Vliegend Personeel as of 1 December.KLM had sought “substitutional approval” from the court, as its works council (OR) “failed to agree in a timely manner” with its plan.The OR’s support had been KLM’s legal fallback after pilot union VNV refused to approve a new pension fund.KLM said it was assessing the situation following the court’s decision that substitutional approval would not be possible, as the choice of pension fund had been covered by the collective labour agreement (CAO) between the employer and the unions. The airline said it would keep making contributions into the pension fund but took pains to emphasise that it would stick with the cancellation of the contract.The sponsor wanted to establish a new pilot scheme, as union VNV refused to support a downgrade of indexation rights.KLM, however, insisted on making the adjustment, arguing that the rules of the new financial assessment framework (nFTK), combined with the low-interest environment, would lead to a disproportionately high indexation contribution.It had suggested that this could jeopardise the company’s operational management.As a consequence of the VNV’s refusal, the employer cancelled its indexation agreement with the pilot union, as well as the contract with the €8bn pension fund.The pilot scheme, for its part, announced a legal procedure against KLM, arguing that the sponsor had unilaterally terminated the contract.The pension fund said it would have to close if an agreement could not be reached.The VNV previously lodged an appeal against a court ruling that KLM did not have an indexation obligation.Last month, KLM said the new pension fund would be very similar to the existing one but include indexation clauses drawn on previous legislation.Meanwhile, the Pensioenfonds voor Vliegend Personeel said it would not support a new pension fund, “as it would not be beneficial to the pilots, who would, for example, no longer be represented on the board or the stakeholders body”.The VNV, which said it had tried in vain to reach an alternative pension agreement with KLM, said it would prepare for industrial action.Steven Verhagen, the union’s chairman, said: “We are fed up with KLM’s attempts to economise by tackling a supposed pensions problem.”last_img read more

Swiss pension fund association refuses to back benefit ‘adjustments’

first_imgAddressing the director of the association, Hans-Peter Konrad, Deprez continued: “When the entity responsible for the pension fund is trying to find solutions to the benefit of active members and beneficiaries – including involving existing pension benefits – then ASIP has to support this approach.”Konrad had earlier spoken against cutting pensions already in payment, saying that this was a fundamental question that went to the heart of the pension system and needed to be decided at the political level.It cannot be dealt with without a “fundamental debate about whether this systemic correction is wanted” taking place, said Konrad.Deprez disputed the reference to cutting pension payouts, preferring to refer to “adjusting” benefits.Thomas Schönbächler, chief executive at BVK, the pension fund for employees of the canton of Zurich, argued that it wasn’t right “to change the rules in the middle of the game”, but that levels for new and future pension benefits should be set at the correct actuarial level – which would mean lower payments for future retirees.Konrad took a similar stance, saying ASIP was not against the introduction of flexible pension models for new and future beneficiaries, but that cutting pensions that were promised at a certain level is “the wrong way” for pension funds to address funding difficulties.Deprez reminded the other panellists, and delegates, that pensions in payment were not always “sacrosanct”, as as this only came into effect as a result of legislative change in 2005. Delegates at a conference of the pensions supervisory authority of the canton of Zurich (BVS) last week were treated to a heated debate over cutting, or “adjusting”, guaranteed pension benefits.Olivier Deprez, a pensions expert and a member of the board of the Swiss actuarial association, argued passionately in favour of supporting trustee boards address funding problems, even if it means, in his words, “adjusting” pensions already being paid.“There is only one entity responsible for the financial security of pension funds and that is the board of trustees,” he stressed.He called upon the Swiss pension fund association, ASIP, to support a lowering of pension benefits by funds trying to shore up their financial stability.last_img read more

Fred. Olsen Ocean Buys Into United Wind Logistics

first_imgFred. Olsen Ocean has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million.UWL is a Hamburg-based company offering transport solutions for offshore wind turbine components from manufacturing sites to pre-assembly ports.The company has a new building program for up to four vessels at the Jiangsu Zhenjiang Shipyard in China, ofwhich the first two vessels have been ordered and are expected to be delivered in 2020.“The investment in UWL marks an expansion of FOO’s footprint within the offshore wind service industry and will further strengthen our presence in the logistics and installation value chain for offshore wind,” said Even Larsen, CEO, Fred. Olsen Ocean.Subsequent to the transaction, Fred. Olsen Ocean’s activities within the offshore wind service industry consist of a 100% ownership in Fred. Olsen Windcarrier, a 100% ownership in Universal Foundation (UF) and a 50% ownership in UWL.“We are very pleased to team up with FOO and are looking forward to working together. Combining our strengths and our expertise within the offshore wind business, we already have identified a number of synergies,” said Lars Rolner, founder of United Wind Logistics.last_img read more

Edith Ann Lostutter, 87

first_imgEdith Ann Lostutter, 87, of Rising Sun, IN, passed away at 5:20 AM, Sunday, July 21st, 2019 peacefully, at her residence. Edith was born in Elizabethtown, KY on January 15, 1932, a daughter of the late Hazel (Murphy) and Josiah  Ellis. She was a 1950 graduate of Patriot High School in Patriot, IN. Edith married William Donald Lostutter on June 26, 1950. They were married nearly 40 years until William Donald’s passing on March 11, 1990. Edith worked at Anchor Glass in Lawrenceburg, IN, for over 30 years, retiring in 1994. She also formerly worked at Randall -Textron in Vevay, IN. She was a member of the Rising Sun First Baptist Church. She was also a member of the Aurora Moose Auxiliary. Edith enjoyed reading, traveling and going to the pool. She loved to line dance and was very good at it, she even taught others how. Edith loved her family and was blessed to help raise her great-granddaughter.Edith is  survived by two daughters, Beverly Fugate (Bill), of London, OH and Sandra Goodman (Allen), of Bright, IN; by 3 grandchildren: William Fugate (Joy), William Tyler Lostutter and Brent Fugate (Angie); by 6 great-grandchildren: Caitlyn Ella Lostutter, Everett Fugate, Marcella Fugate, Brantley Lostutter, Mollie Jo Fugate and William Fugate III. Edith was preceded in death by her parents, by her husband William Donald Lostutter, by her son William Douglas Lostutter in 2016, by her brother Walter Ellis and by sisters Dorothy Hart, Virginia Bentle and Ethel Sams.Funeral services will be 11 AM, Wednesday, July 24th at Markland Funeral Home in Rising Sun, IN. Visitation will be 5-8 PM, Tuesday, July 23, at Markland Funeral Home. Burial will be at Rising Sun New Cemetery. In lieu of flowers, memorial contributions may be made to the Rising Sun Fire Department. Cards are available at the funeral home. marklandfuneralhome.comlast_img read more

United claim Barcelona scalp

first_img Rooney shoved Adriano in the back as Young’s cross came in, but referee Baldomero Toledo allowed the goal to stand despite the defender’s protest. United were playing a dangerous game, trying to pass out from the back while Suarez, Pedro and Rafinha lurked on the edge of the box. They looked more impressive going forward as the first half progressed, though. Rooney rounded the keeper but could not finish before Ter Stegen tipped Young’s fierce drive over the bar. Suarez ended the half on a frustrating note, hitting the woodwork again from inside the box. Just into the second half, Toledo had seen enough of Jones’ clumsy behaviour and booked him for taking out Pedro. Memphis Depay then showed his strength, turning his marker and firing a low shot at Ter Stegen as United looked for a second. Van Gaal made 11 changes just after the hour. Less than three minutes later, United doubled their lead. Tyler Blackett played a one-two with James Wilson before crossing to the back post where Lingard drove in from 10 yards. United looked to be coasting to victory, but Rafinha hammered a superb volley past substitute ‘keeper Sam Johnstone in the dying minutes. Januzaj put the result beyond any doubt soon after, though, when he held off his marker before driving home from inside the box. Rooney ended an eight-match goalless run by heading in Ashley Young’s first-half corner at the Levi’s Stadium, home of the San Francisco 49ers, in Santa Clara. Shortly after making 11 substitutions, United doubled their lead in the International Champions Cup match thanks to Jesse Lingard’s shot from inside the box. Rafinha’s late volley gave Barca a glimmer of hope, but Adnan Januzaj hit back instantly to give Louis van Gaal his third win of the club’s pre-season tour of the United States. Luis Suarez endured a frustrating afternoon in the California heat. The former Liverpool striker hit the woodwork twice and was subjected to some rough treatment by Phil Jones. David de Gea made his first appearance of the tour after overcoming a back injury, but there was no sign of Angel di Maria, who looks to be moving closer to a switch to Paris St Germain. Jones assured Suarez was made to feel unwelcome early on, clattering into the forward from behind. A minute later the Uruguayan beat De Gea with a curling free-kick, but luckily for the Real Madrid target, the ball struck a post and bounced to safety. De Gea was at full stretch moments later to deny Sergi Roberto, who had been played in by Rafinha. Barcelona were dominating possession, but it was Van Gaal’s men who struck first. With eight minutes on the clock, Young floated a corner into the box and Rooney powered a header past Marc Andre ter Stegen. Press Association Wayne Rooney scored his first goal of the summer as Manchester United maintained their 100 per cent tour record with a morale-boosting 3-1 win over European champions Barcelona. last_img read more

Candage to represent MDI at Lobster Bowl

first_imgBIDDEFORD — Mount Desert Island High School senior Teagan Candage has been selected to represent MDI High School in the 25th Annual Shrine Lobster Bowl. Each Maine high school with a football team sends one representative to this All Star East vs. West Football Game. In his senior football season, Candage rushed over 1,000 yards and was a semifinalist for the Fitzpatrick trophy.This year’s Lobster Bowl game is set for Saturday, July 19, at Waterhouse Field in Biddeford. Each player raises funds to cover the week-long overnight training camp at Hebron Academy. Any additional monies raised go to support the Shriners Hospitals, which are a leader in the treatment for juvenile burn victims, orthopedic disabilities and injuries, spinal cord injuries, and cleft lip and palate disorders.Candage has already collected enough to cover the camp expenses, but he and his family are continuing to raise funds to support the hospitals and to give MDI and Hancock County more visibility at the game. They’d like to collect sponsorships in the first week of June. For more information on sponsorships or tickets to the game, please contact the Candage family, 288-0019.Find in-depth coverage of local news in the Mount Desert Islander. Subscribe digitally or in print. Latest Posts Keene appeals his 2019 murder conviction – July 30, 2020 Bio Latest posts by Liz Graves (see all) Luchini named to Maine Running Hall of Fame – August 12, 2020 This is placeholder textThis is placeholder text Liz GravesReporter at Mount Desert IslanderFormer Islander reporter and editor Liz Graves grew up in California and came to Maine as a schooner sailor. MDI Hospital to begin contact tracing – August 5, 2020last_img read more

Siasia Proposes Colombia, Honduras Friendly Matches

first_imgRIO 2016Olawale Ajimotokan in AbujaDream Team VI Head Coach, Samson Siasia, has submitted his programme for the Rio 2016 Olympic football event after his adventure with the Super Eagles failed to qualify Nigeriafor next year’s Africa Cup of Nations in Gabon.The coach, whose fate will be tabled before the expanded meeting of the board of Nigeria Football Federation (NFF) and Sports Minister Solomon Dalung today, told reporters that his Olympic blueprint incorporated proposal for friendly matches to be played with Columbia and Honduras. If ratified by NFF, the matches will he played in Brazil, where Nigeria will camp for one month after an extensive training in Europe.Siasia said he planned to open a training camp in Nigeria with a legion of home-based players as soon as the federation approves his programme.“We will go into camp with some home-based players the moment we get the green light from the federation. The exercise will allow us assess the boys to determine if some of them can be included in the final 23-man squad for the Olympic Games. We hope to camp in Europe and spend one month in Brazil, where we will play friendly matches with Honduras and Colombia,” Siasia stressed.While he was away as the caretaker coach of the Eagles, Fatai Amoo was put in charge of the U-23 team which stunned Brazil 1-0 in a friendly match, organised by the Brazilian Football Confederation (CBF) at the Estadio Kieber Andrade in Caciacica Vittoria.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

DOG POUND: SU defense helpless against Locker and Co. in blowout loss to Huskies

first_img Published on September 10, 2010 at 12:00 pm Facebook Twitter Google+ Commentscenter_img SEATTLE — If one player was going to beat Syracuse Saturday, it sure wasn’t going to be Jake Locker. The SU defense made a point of saying as much all week. But with the focus on Heisman candidate all week, the rest of the Washington offense made the most of an opportunity to blindside of SU defense. And the Huskies did just that.AdvertisementThis is placeholder text Wide receiver Jermaine Kearse and running back Chris Polk each took turns torching the Syracuse defense time and time again, ultimately leading Washington to a decisive 41-20 victory in front of a crowd of 62,418 Saturday at Husky Stadium. When the final seconds finally ticked off the clock, whether it was thru the air or on the ground, the pair had abused the proud SU defense to the tune of 298 yards and four touchdowns. Adding salt to an open wound, Locker still got his. Though the defense properly neutralized his ability to run the ball, he finished the game 22-for-33 for 289 yards and four touchdowns. ‘They did a nice job, ‘ SU head coach Doug Marrone said after the dust had settled. ‘They made plays and I thought their quarterback played well. We gave up some big plays and missed tackles.’ Early on, it appeared as though Syracuse would pick up where it left off last weekend at Akron. Quarterback Ryan Nassib led the Orange to two scoring drives to open the game and the defense kept Locker and Co. pinned back against their own goal line. Just when the Orange appeared to have control of the game, things started to slip. And once it slipped, it began unraveling out of control. The momentum shifted on UW’s first scoring drive, and the Orange was unable to get it back for the entirety of the game. ‘Defensively, I thought we were aggressive,’ Marrone said. ‘But when we were in the position to make plays, we didn’t make (them).’ Leading up to the matchup against the Huskies, Syracuse strong safety Max Suter referred to the pass defense as ‘lights out’ when it didn’t allow a single touchdown pass a week earlier against Akron. It was the first time in over a year that the Orange had accomplished the feat. But Saturday, the tables were turned. This time, it was the defensive secondary’s inability to stop the big play that served as the weak link in a defense that looked much different that it did just a week earlier. ‘The wide receivers did a good job,’ SU defensive end Chandler Jones said. ‘They did a good job of getting yards after the catch and that’s what hurt us the most.’ Then the defense did have opportunities, it just wasn’t able to take advantage of them. Whether it was Shamarko Thomas and Mike Holmes both going after what could have been an easy interception or letting Polk slip away for a 52-yard touchdown run after being pinned in the backfield, Syracuse’s defense made a mess of a game that probably should have been closer than it actually was. For a squad entering the game with so much pride and optimism, it was a disappointing performance. ‘I thought they came out with a good game plan for us,’ SU linebacker Doug Houge said. ‘A lot of times out there we shot ourselves in the foot.’ Once the Washington defense started making stops, the offense followed. As the Husky defense perked up they it allowed the game’s first 10 points, Locker’s group kept the SU defense on the field for long, demoralizing scoring drives. Facing a 10-0 deficit in the first quarter, Washington scored 27 unanswered points and cruised to victory. But the time the Orange finally scored again, in the fourth quarter, half the stadium had already started heading for the exits. The game was over. With so much promise coming into the game, Marrone was visibly distraught with the outcome. But after letting off some postgame steam, the Syracuse coach is still able to see the light at the end of the tunnel. ‘I think we’re going to be a good football team this year,’ Marrone said. ‘…We’re going to need to fight and scratch everyday in practice, and we’ll fight and scratch everyday in a game and we’ll be fine.’ aljohn@syr.edulast_img read more

Warri Peace Marathon Gets Royal Blessings

first_imgAs preparations for the Warri Peace Marathon gathers momentum, traditional ruler of the Warri Kingdom, HRM Ogiame Ikenwoli, has prayed for the successful debut of the event billed for May 28.The marathon, first of its kind in the city, is meant to promote peaceful coexistence between communities in Warri and environs, and also to encourage healthy living for people of the state. The Delta State government has already thrown its weight behind the race as part of its sports and youth development programme.The newly enthroned monarch, who was speaking while the organising committee of the Warri Peace Marathon paid a courtesy call on him yesterday, welcomed the novel idea and pledged his moral and financial support for the smooth running of the 10km race. “We are very glad and encouraged by the endorsement by the Olu of Warri. To this end, we are working towards delivering a peaceful and enjoyable marathon race,” said CEO of Tamitare Gym, Joyce Bozimo who is promoter of the race.She disclosed that there was also an enthusiastic response from the people of Warri and the youths who are eagerly waiting to participate in the event, which has winning prizes on offer.Also speaking on the marathon, renowned athletics coach and sports administrator, Seigha Porbeni, submitted that everything was in order concerning the race, which will start at Jakpa Junction near the Warri Refinery and terminates at the Warri Township Stadium.“So much progress has been made. We have the route mapped out and seeing to it that every other aspect is put in proper perspective.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more