French private sector schemes cut deficit with €2bn investment gain

first_imgThe scheme’s resources, mainly stemming from contributions from companies, amounted to €63.7bn in 2016. This was an increase of 3.1% from 2015, although this was partly the result of tweaks to previous payment calculations. The “real” increase was 2.3%, according to a statement from Agirc and Arrco.Pension benefits, meanwhile, amounted to €73.4bn in 2016, up by 2.8% from 2015.The technical deficit of €4.3bn takes into account a €5.4bn payment made to the schemes by AGFF, a vehicle set up by the Agirc and Arrco to finance the cost of early retirement. The deficit in France’s pension schemes for private sector employees and executives fell by around €700m to €2.24bn in 2016, helped in part by €2bn of return generated by the schemes’ reserves.The aggregate deficit across the two schemes – Arrco, for private sector employees, and Agirc, for executives – stood at €3bn in 2015.The schemes are part of France’s public pay-as-you go pensions system, covering round 22m active members and 15m pensioners. They are separate schemes for now, but are due to merge under reforms agreed in 2015 as part of an effort to tackle the funding shortfall. The technical deficit, which does not include financial returns generated from the investment of scheme reserves, amounted to €4.3bn in 2016.last_img read more

Slashing P6K SAP cash aid prohibited – DSWD

first_imgNo governmentofficial is allowed to slash the monetary aid for whatever reason, according toAssistant Secretary Rhea Peñaflor. “It is up to thebeneficiaries, pagnakuha na nila angP6,000, kon gusto nila buligan ang pihaknga balay nga wala SAP,” said Peñaflor. Peñaflor,reacting to reports that some local government units slashed the cashassistance then gave the hacked amount to those unfortunately not covered bySAP, said such action was not in the guidelines. She urged SAPbeneficiaries who were coerced into giving up a portion of their cashassistance to register their complaints at DSWD, or text/call the followinghotline numbers: She also revealedhaving asked the Department of Interior and Local Government (DILG) toinvestigate the reported slashing of the cash assistance of SAP beneficiariesin Maasin, Iloilo – from P6,000 to P5,000. Some SAPbeneficiaries in Barangay Delgado, Maasin claimed they were made by barangayofficials to sign waivers stating they were voluntarily giving up P1,000 fromtheir P6,000 cash assistance and that the P1,000 would be given to those notcovered by SAP in their village. * Globe –09162471194 “Gina-encourage gid sila nga mag-report so that mayevidence kita nga indi kamo gusto buhinanang ginahatag nga P6,000,” said Peñaflor. * Sun –09329333257 * Smart –09474822864 In an interviewover DyOK Aksyon Radyo, Mayor Francis Amboy said he had asked barangayofficials to make it clear to their constituents that giving up P1,000 from thecash assistance must be voluntary only, and that this was for the benefit offamilies not covered by SAP. Everybody inMaasin is affected by the ongoing enhanced community quarantine, he pointedout./PN ILOILO City –Each beneficiary of the national government’s P6,000 Social AmeliorationProgram (SAP) cash assistance must receive the money in full, stressed theDepartment of Social Welfare and Development (DSWD). “Under theBayanihan Act, the P6,000 must be released intact by local governments. Fundslashing is prohibited,” she stressed. DSWD Region 6records showed P36,342,000 was downloaded to the local government of Maasin for6,057 target SAP beneficiaries in the town.last_img read more

Grants to support Indiana first responders and smoke detector campaign

first_imgIndianapolis, In. — The Indiana Department of Homeland Security received nearly $1.3 million in federal grant awards recently to enhance training and resources for Indiana first responders and kickstart a statewide campaign to install 10,000 smoke detectors in Hoosier homes.The funding will impact three specific areas across Indiana: 1) equipment and training for firefighters and emergency responders 2) fire prevention and safety in homes and 3) additional equipment and training related to hazardous chemicals. The total for the three awards is $1.29 million.“These federal grants will help tremendously in our efforts to expand the resiliency of Indiana and help to mitigate disasters and loss of life,” said Bryan Langley, executive director of Indiana Department of Homeland Security (IDHS).The grants, which were awarded following a lengthy application process, supplement the nearly $800,000 in federal funding IDHS returned to Indiana counties this year to support local emergency management projects and planning.Grant InformationThe Fire Prevention and Safety Grant ($521,130 for two years) primarily is geared toward reducing injury and preventing fire deaths in high-risk populations. In Indiana, more than 85 fatal fires have occurred so far in 2018, an increase from the previous year (72).The Indiana State Fire Marshal will focus the grant funds on community risk reduction through a statewide smoke detector education and distribution campaign. The goal will be to install more than 10,000 smoke detectors and 1,000 shaking bed/strobe alarms for deaf and hard of hearing across the next two years. In addition, the “Get Alarmed Indiana” campaign is intended to enhance public safety education related to fire hazards for Hoosiers.“The Indiana State Fire Marshal’s office is thrilled to have additional resources to really make a difference in protecting Hoosiers from fire-related hazards and death,” said Marshal Jim Greeson. “Too many people are losing their lives tragically in fires in homes with no working smoke detectors. This is a problem we can and will address through this program.”Nationally, more than two-thirds of fatal fires occur in homes with no smoke detectors or detectors that did not function properly.The Assistance to Firefighters Grant ($372,856) will address the needs of fire departments and nonaffiliated emergency medical service organizations in Indiana. This could include equipment, protective gear, emergency vehicles and others resources for protecting the public and emergency personnel from fire and related deaths.The Hazardous Materials Emergency Preparedness Grant ($401,236) will provide much-needed hazardous materials training and equipment to assist the more than 820 fire departments across Indiana, 90 percent of which are staffed by volunteers. IDHS will use the funds to purchase equipment and training resources that will be made available to communities across the state.last_img read more

Liverpool should be awarded Premier League title, ex-manager Houllier says

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Lampard: I still have confidence in Tomori Former Liverpool manager Gerard Houllier believes his old club should be awarded the 2019/2020 English Premier League title even if the season is not completed because of the COVID-19 crisis.Liverpool are 25 points clear at the top with nine games left to play in the Premier League. The competition has been on hold since March 9 as the novel coronavirus spread across the globe.According to Houllier, who led Liverpool to FA Cup and UEFA Cup glory in 2001 during his six-year spell at Anfield, Juergen Klopp’s team would be deserved champions.Asked if Liverpool should be awarded their first top-flight title since 1990, the former France coach said: “Yeah.“That’s what they did in France.“They gave it to Paris St-Germain (PSG). “They had a 12-point lead and I think Liverpool needed just two games to win the title.“If there was a difference of maybe two or three points then you could argue it takes some chances away from teams behind, but 25 points there is no way they wouldn’t be champions.“They deserve it.”Houllier, now an adviser to Olympique Lyonnais president Jean-Michel Aulas, added that the Premier League should follow the government’s lead on whether to resume.“I think they should follow the government’s rules. If the government decides we stop, then we have to abide by that,” he explained. “Second, maybe (we can) wait a little bit, because we don’t know what it’s going to be like in a fortnight or in three weeks time.”Reuters/NAN.Tags: COVID-19English Premier LeagueEPL titleGerard HoullierLiverpoollast_img read more

Other Sports Lewis Hamilton Aims To Seal Sixth Formula One Title In Singapore Grand Prix

first_img For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps. Singapore: Lewis Hamilton aims to turn up the heat in his bid for a sixth Formula One championship at this weekend’s Singapore Grand Prix. The Mercedes driver heads into Sunday’s race with a 63-point lead over teammate Valtteri Bottas. As with last year’s race, drivers can expect sweltering heat and humidity. In addition to the heat, a thick haze has set in over the city-state with advisories issued from the national government over “unhealthy” air conditions. Hamilton will be hoping for a repeat of the 2018 race here when he won comfortably from pole position to extend his championship lead. He was on a major roll entering last year’s GP, having won four of the past five races.While he already has eight wins this season, the British driver last won at the Hungarian GP in early August. “The offset schedule and the climate make it a demanding weekend for the team,” Mercedes team principal Toto Wolff said of the night race. “Temperatures in the garage can easily reach 40 degrees Celsius (104 F) or more with high humidity levels as well. It’s a tough environment to work in and it’s equally challenging for the drivers and the car itself.” Hamilton has won here the last two years. A win on Sunday would move him a step closer to his third straight championship and sixth overall, moving him just one away from equaling Michael Schumacher’s all-time record of seven titles. Ferrari driver Charles Leclerc heads into Singapore having won the previous two races this season. After his first-ever F1 victory in Spa at the Belgian GP, the 21-year-old Leclerc became the first Ferrari driver to win the Italian GP since Fernando Alonso in 2010.Also Read | Charles Leclerc Wins Maiden F1 Race In Spa, Dedicates It To His Late Friend Anthoine HubertLeclerc, who is now fourth in the standings, finished ninth for Sauber here last year. “Singapore is maybe the toughest track for us drivers physically, just because of the heat and the humidity,” Leclerc said. “After two positive weekends in Belgium and Italy, the race in Singapore doesn’t look as good on paper for us, because of the very different circuit layout, featuring lots of slow corners and fewer straights … but we will give our all to have a good result.”Also Read | Mercedes boss rages at ‘poor preparation’ after Lewis Hamilton, Valtteri Bottas fail to score pointsThe 5-kilometer (3.1-mile) Marina Bay Street circuit is one of the hardest tracks for overtaking in F1, so whoever takes pole on Saturday will have the upper hand. The driver leading the field has won eight times in the past 10 years. Max Verstappen, third in the drivers’ standings, has been on the front row at Marina Bay the past two years while Bottas has never started in the top three. Ferrari’s Sebastian Vettel and Hamilton are the only two drivers on the grid with victories at Singapore with four wins each. But Vettel, whose contract ends in 2020, is now 22 races without a win. He has dropped down to fifth in the championship, 115 points behind Hamilton. “We have seen before that anything can happen in this race, so the final result is hard to predict,” Vettel said. “Off the track, there will also be a lot of pressure on the teams as this race is back to back with Russia.”last_img read more

Central FC will get paid when government has the money – Skeene

first_imgTHREE-time Digicel Pro League champions Central FC will have to continue to wait to collect their million-dollar winner’s prize because of the Government’s payment schedule.The 2016/2017 champions of Trinidad and Tobago’s professional league are also owed the balance of their prize money from the 2014/2015 season.But, according Dexter Skeene, the Chief Executive Officer of the TT Pro League, this is not unusual.“For those of us who have been in the league from inception, we understand that the prize monies are paid the year after and continuing throughout because if you understand how Government subventions (are) paid, it is not paid in the particular year. You get it whenever the Government has money,” Skeene told the Newsday.Club owner Brent Sancho, while speaking to shortly after the conclusion of the season, described the club as being in survival mode.“We have had no real support from Corporate Trinidad and Tobago and inconsistent support from the government, so survival is key,” Sancho said.“Even though we have won prize money– more than TT$ 2 million – we still haven’t received it for the past two to three years, so we have reached a stage now where survival is paramount for the club’s success.”Skeene empathised with the club’s position, saying that the government will do whatever is possible to help.“I understand Central FC. They are crying out. They want to be able to have the funds because they’re involved in the CONCACAF Club Championships as well. We’re trying to make every effort to assist them,” he said, adding that he wished the club well.“We hope that they go out and represent us well. They’re one of our top clubs. They’ve won it three times, congratulations to them. They’ve done remarkably well given the circumstances and we hope that they go out and represent us in the (Club Championships) and help us to reach further than they have done in the past.”last_img read more

Injury Knocks Ekundayo Out of Title Defence

first_imgSpeaking from his base in London Larry said: “I am bitterly disappointed not to be fighting at the weekend after all the training I’ve gone through. I was looking forward to bringing sporting success to Nigeria and continue to climb up the world rankings, but my team decided that I couldn’t take the risk to fight with such an injury.”Larry’s manager, Ben Gray also said: “Larry is a great boxer, but even he can’t fight a man with only one hand! Larry carries the hopes of a nation on his back and it would not be right to send him into battle without giving him the best opportunity of victory”.Ekundayo will be out of action for 6-8 weeks whilst his hand heals, once this is done the bout will be rescheduled for later in the year.Speaking further, the boxer’s Special Adviser, Bimbo Folayan said “this is a very big loss to Larry considering the amount of time and effort he has put in, but I know Nigerians will support their man and join me in cheering him on when he returns”.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Nigeria’s African Boxing Union Champion, Larry Ekundayo, has pulled out of his scheduled title defence fight because of injury.The ABU Champion injured his hands during training in preparation for his scheduled titled defence in London. Undefeated Ekundayo, who won the belt in October 2015, was scheduled to defend it against the Tanzanian boxing star Saidi Mundi on June 4, in London.last_img read more

Marshall to push six-year global plan

first_imgThe USC Marshall School of Business is readying its new six-year strategic plan that includes 12 initiatives Marshall hopes will change the way business schools across the country approach undergraduate education.Initiatives introduced in the plan include a brand new building for undergraduate business students, increased interdisciplinary collaboration with every school on campus, a teacher mentor program and a proposed three-degree global program, according to Deborah MacInnis, Marshall’s vice dean for research and strategy.Marshall’s previous strategic plan ended in December 2010.The timing was right to refocus now that President C. L. Max Nikias introduced the Campaign for the University of Southern California, the university’s new $6 billion capital campaign, according to MacInnis. The university’s new strategic plan is set to be released later this fall.Most of the funding for Marshall’s initiatives will be raised as part of the Campaign for the University of Southern California. The fundraising goal set for Marshall and the Leventhal School of Accounting is $400 million.Marshall’s new strategic plan will focus heavily on expanding its global initiatives.“We want to send every single undergraduate student on an overseas experience while they are at Marshall,” said Jim Ellis, dean of Marshall School of Business.  “At some point we will make it a requirement.”A program has also been proposed for future Marshall undergraduate students where three of their four undergraduate years would be spent abroad in Europe and Asia, receiving a degree from USC and all of the  institutions they attend overseas.“In today’s business world [global strategy] is critical to the success of anyone operating in that environment because there are no [longer] boundaries in business,” Ellis said. “In order to be a successful business person today, you have to know how cultures work and you have to understand how currencies and markets work.”Fifty million dollars will go to a new, state-of-the-art building dedicated entirely to undergraduate business students.“We are out of space,” said Ellis, who teaches his own class in Taper Hall of Humanities. “A number of years ago we cut the size of our classes, so we have a better ratio between the professors and the students. When you do that you just need more classrooms.”Business students agreed that there is a need for a new building and were excited to hear about the new plans.“A new building will be great,” said Mateo Epshteyn, a senior majoring in business administration. “The business building feels like a business building. The other buildings are much more welcoming.”The new building is expected to be located on the corner of Figueroa Street and Exposition Boulevard, taking the space of the old registration office, and will offer the latest in technology and architectural design.The strategy will include the hiring of 25 new faculty members. They will be able to partake in a future mentorship program, where veteran faculty will help teach, train and support them when needed.Students are now playing an integral part in shaping the history of Marshall. MacInnis said she is currently in the process of forming teams that will make the broad ideas proposed in the strategic plan more concrete.Teams are comprised of students, faculty and staff and will have until November to present their plans for the next six years.Ellis and his staff hope the new strategic plan will enhance the educational experience at Marshall.“We want our students to have the best experience,” Ellis said.  “We want them to learn the most and do that in the best environment. That’s what life at USC is all about. Only the best.”last_img read more

Syracuse women’s lacrosse will resume suspended game against Canisius on May 3

first_img Published on April 14, 2016 at 4:43 pm Contact Sam: | @Sam4TR Syracuse’s game against Canisius, which has been suspended since April 3, will be resumed on Tuesday, May 3 at 4:30 p.m. in Buffalo, New York.The game is tied at 10 with 6:05 remaining. Just before the game was postponed due to weather, the Golden Griffins scored three straight goals to tie up the Orange. SU sophomore attack Riley Donahue had two goals and two assists before the stoppage in play.The game will not conclude until after the Orange return from Blacksburg, Virginia for the Atlantic Coast Conference tournament, which will be played April 28 to May 1.No. 4 Syracuse (12-3, 4-1 ACC) had originally rescheduled its game against Canisius (7-5, 4-0 Metro Atlantic Athletic) from April 5 to April 3 because SU had more competition dates than the NCAA allows, head coach Gary Gait said. That meant Syracuse hosted Duke at noon, won 14-12 and then boarded a bus to Buffalo to take on Canisius just a few hours later.The Canisius pause came amid of Syracuse’s current five-game win streak.AdvertisementThis is placeholder textBefore Canisius, Syracuse stares down home games against No. 3 North Carolina and Louisville, a road test at Cornell and the ACC tournament. Comments Related Stories Syracuse and Canisius postponed with score tied at 10 in 2nd halfcenter_img Facebook Twitter Google+last_img read more

Clippers owner Donald Sterling banned for life; NBA will push for sale of team

first_img Newsroom GuidelinesNews TipsContact UsReport an Error “It would be tough for a kid getting drafted or a free agent player making a decision to lay for this franchise without a change of ownership in place,” players union vice president Rojer Mason Jr. told this newspaper. “I would hope it gets done sooner or later.”Mason Jr. revealed the players union also considered a league-wide boycott had Silver provided a less swifter punishment.The NBA decided otherwise, making a ruling four days after a set of audio recordings released by TMZ and Deadspinfeatured comments made by Sterling to girlfriend V. Stiviano, urging her not to bring black friends to Clippers games. Silver said the NBA’s investigation confirmed it was Sterling’s voice in those tapes.“The views expressed by Mr. Sterling are deeply offensive and harmful,” Silver said. “That they came from an NBA owner only heightens the damage and my personal outrage.”The Clippers organization released a statement that said: “We wholeheartedly support and embrace the decision by the NBA and Commissioner Adam Silver today. Now the healing process begins.” Clippers guard Chris Paul added in a statement, “My teamamtes and I are in agreement with his decision. We appreciate the strong leadership from Commissioner Silver and he has our full support.” Clippers president Andy Roeser will handle the day-to-day operations, while Clippers coach Doc Rivers will oversee basketball operations. Rivers, who suggested uncertainty beforehand whether he would stay if Sterling still owned the team, downplayed that variable.“We’re going to let this play its course,” Rivers said. “I’m not in the position nor do I want to be in a position where I’m threatening anything. I want my players to be comfortable.”In 2009, Sterling paid $2.7 million to settle a lawsuit that accused him of practicing housing discrimination in various L.A.-based real estate properties to blacks, Hispanics and families with children. Former Clippers general manager Elgin Baylor filed a wrongful-termination lawsuit against Sterling that likened his leadership to that of a Southern plaintation owner, a case a jury eventually rejected. Silver said the NBA never penalized Sterling beforehand because there was never definitive proof of guilt. “We did not take into account his past behavior,” Silver said. “When the board ultimately considers his overall fitness to be an owner in the NBA, they will take into account a lifetime of behavior.”Silver said he did not know if Sterling will fight the decision. But Silver downplayed any concerns surrounding Sterling’s comments being recorded in a private setting.“Whether or not these remarks were shared in private,” Silver said, “they are now public and they represent his views.” Amid racially charged comments attributed to him in a released audiotape, Clippers owner Donald Sterling faces a lifetime suspension, $2.5 million fine and a possible forced sale of the franchise, NBA Commissioner Adam Silver announced in a press conference Tuesday in New York.“I am banning Mr. Sterling for life from any association with the Clippers organization or the NBA,” Silver said.Sterling, who has overseen the Clippers franchise for the past 33 years, will not be allowed to attend any basketball games or practices or have any say in business or personnel decisions. Sterling also will be barred from attending the NBA’s Board of Governors meetings. Silver said the fines will go to anti-discrimination organizations selected by the NBA and the National Basketball Players Association.Silver added he will urge the Board of Governors to force the sale of the team.center_img “I will do everything in my power to assure that happens,” said Silver, who added he needs only a three-quarters vote for a measure to pass. “I fully expect to get the support I need from the other NBA owners to remove him.”Silver’s decision sparked strong support.Dallas Mavericks owner Mark Cuban tweeted he agreed “100%” with Silver’s punishment against Sterling. Lakers legend Magic Johnson tweeted praise, lauded Silver’s “great leadership” and added, “Former and current NBA players are very happy and satisfied with Commissioner Silver’s ruling.”“Adam was decisive, firm and compelling and showed great leadership in his condemnation of the horrible and offensive comments that have led to this action,” Lakers president Jeanie Buss said in a statement.Yet, according to a league soruce familiar with the proceedings, the NBA currently does not know when the next Board of Governors meeting will take place for a vote.last_img read more