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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

Day Star Pastor prays for Kobe Bryant’s family

first_img He prayed for God’s protection for everybody who are still living across the world. As fans around the world grapple with Bryant’s death, new clues are emerging about what happened shortly before the crash. The helicopter was operating under “special visual flight rules,” according to an air traffic control conversation with the pilot, captured by website LiveATC.net. An SVFR clearance allows a pilot to fly in weather conditions worse than those allowed for standard visual flight rules (VFR). Read Also:Ligue 1: Neymar dedicates goal to Kobe Bryant after throwing up ’24’The Burbank Airport control tower allowed the helicopter to proceed northeast, following the Interstate 5 highway, using the SVFR clearance. FacebookTwitterWhatsAppEmail分享 The Senior Pastor of the Day Star Church, Samuel Adeyemi, has joined the league of mourners all over the world to pray for the family of the departed NBA legend, Kobe Bryant who died on Sunday  with his daughter Gianna, after helicopter crash in Califonia. Pastor Adeyemi in his twitter handle, prayed for comfort and strength for Kobe Bryant’s family and the families of other nine passengers who lost their lives in the crash. Loading… Promoted ContentThese TV Characters Left The Show And It Just Got Better10 Risky Jobs Some Women DoCouples Who Celebrated Their Union In A Unique, Unforgettable WayTop 10 Most Romantic Nations In The WorldA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayA Hurricane Can Be As Powerful As 10 Atomic Bombs6 Incredibly Strange Facts About HurricanesThe Absolute 10 Greatest Shows In HBO HistoryBirds Enjoy Living In A Gallery Space Created For Them8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreBest & Worst Celebrity Endorsed Games Ever Madelast_img read more