2023 ‘too early’ for verdict on German pension reform

first_imgThe 2023 deadline set by the German government to assess the impact of its occupational pension reform is too ambitious, according to speakers at an industry conference.At the end of 2023, five full years from the time the government’s Betriebsrentenstärkungsgesetz (BRSG) comes into force, the government will assess the state of play in occupational pensions. However, panellists at a Willis Towers Watson conference in Frankfurt last week expressed concerns about the 2023 timeline.If the government was not satisfied with the situation it could move to make workplace pensions mandatory, according to Thomas Jasper, head of retirement for Western Europe at Willis Towers Watson.The BRSG, coming into force next year, aims to expand occupational pensions coverage, in particular in small and medium-sized enterprises and among those on low income. One of the law’s main impacts will be the introduction of defined contribution (DC) schemes, if agreed to by trade unions and employers. The German government has previously stated that there were alternatives if occupational pension coverage did not expand as a result of the new reform law. The alternatives would be to introduce a mandatory occupational pension system or oblige employers to auto-enrol staff into a workplace plan.Dirk Jargstorff, head of retirement provision at Robert Bosch Group, urged employers to make use as much as possible of the options introduced by the BRSG. If not, they risked being forced to do something they didn’t want to do, he said.Thorsten Linnmann, responsible for human resources and global pensions at Lanxess, a chemicals company, said 2023 was “definitely” too short a timeframe to judge the success or otherwise of the DC model introduced by the BRSG.Many employers and other people in the pensions industry were still struggling to get their heads round all the facets of the new law and its implications, but it was their duty to break this down for employees, he said.This was a task for the weeks, months and years ahead, and “I hope, not only until 2023,” said Linnmann.Overall he saw the DC model as a positive step and likely to help boost pensions coverage. However, with Lanxess having introduced a new plan earlier this year, the company had little appetite to start over again, he said – at least at the moment.The majority (58%) of delegates at the conference only expected a substantial take-up of the DC model from 2020 onwards. A third envisaged this happening starting in 2019, while only 9% anticipated this happening next year.According to calculations presented by Willis Towers Watson’s Jasper, the BRSG could increase workplace pensions coverage by 25 percentage points, from 40% of employees to 65%.However, he too questioned whether the five years to the end of 2023 would be enough to measure the effect of the reform law. This was a message that needed to be jointly communicated to the government, he said.Willis Towers Watson is to launch a new index to track the effect of the BRSG. The German Pensions Index will capture the development of the German occupational pensions landscape over the coming years starting from the end of 2017. It will monitor the use of different types of plans, opting out models, salary sacrifice, matching arrangements, and more. Bosch re-assessing bAV Riester Technology giant Bosch could decide to re-introduce a state-subsidised Riester pension plan as an occupational offering given that the BRSG has made this more attractive, according to Jargstorff.Bosch used to offer employees a Riester pension savings option more than 10 years ago. Jargstoff said that a comprehensive analysis recently carried out by the company in light of the BRSG had shown that it was an option worth re-examining.The results of the company’s analysis were “at least in their unambiguity, surprising”, he said. However, he emphasised that the company had yet to come to a final decision about offering a Riester.Riester plans have primarily been used by private individuals rather than being offered by employers, but the BRSG has made workplace Riester, or “bAV Riester”, more attractive.From next year, payouts will not be subject to social security payments, as was already the case for privately adopted Riester contracts. In addition, the basic allowance has been increased from €154 to €175.last_img read more

13 MMA athletes named to all-academic teams

first_img Latest posts by Fenceviewer Staff (see all) CASTINE — Thirteen student-athletes at Maine Maritime Academy were recently named to North Atlantic Conference and New England Football Conference all-academic teams for the fall sports season.Earning NAC honors were senior Jeremy Bullard, a marine biology major, in men’s cross-country; senior Kari Jones, an international business and logistics major, in women’s soccer; and senior Ben Russell, a marine systems engineering major, in men’s soccer.To be selected, a student must have reached junior academic standing with at least two years of varsity competition and have a cumulative grade point average of at least 3.5.Receiving NEFC honors were senior Gavin Cote in marine systems engineering; senior Jonathan Thoms, juniors Dan Edgerly and Zach Frost and sophomore Josh Hall in marine engineering operations; juniors Abe Kilborn and Evan Sinclair and sophomores Lawrence MacDonald and Keith Nelson in marine engineering technology; and sophomore Alex Morrison in power engineering technology.This is placeholder textThis is placeholder textHonorees must have completed three semesters at the same institution with a cumulative GPA of 3.0 or better.For more sports news, pick up a copy of The Ellsworth American. Latest Posts Fenceviewer Staff Schoodic Grange hosting sale – October 30, 2014center_img Bio Fitness trainer is now cancer-exercise expert – October 12, 2014 Town report wins award – October 11, 2014last_img read more

Ellsworth baseball team rallies past John Bapst, demolishes Old Town for 2-0 start

first_img Latest Posts Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at mmandell@ellsworthamerican.com. Hospice volunteers help families navigate grief and find hope – September 12, 2020 MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020center_img Latest posts by Mike Mandell (see all) Bio ELLSWORTH — The Ellsworth baseball team’s first two games of 2019 couldn’t have been more different.The Eagles, who entered the season looking to improve on last year’s 17-2 finish and Northern Maine championship game appearance, took a little while to get going in their first game of the season last Thursday against John Bapst. Once Ellsworth found a rhythm, though, it carried it over and couldn’t be stopped.Ellsworth followed a comeback win over John Bapst last week with a 20-1 victory against Old Town on Tuesday to get off to a 2-0 start to the season. The wins came as the Eagles combined strong pitching with a stretch of 24 runs in four innings across the two games.“How you finish the game can lead you into the next game,” junior Jackson Curtis said. “Bapst is tough, and we started out slow against them, but we got the hits and runs when it mattered and used that as momentum.”This is placeholder textThis is placeholder textThat slow start came as Ellsworth, which started its season later than any other Class B team, took a few innings to shake off the cobwebs against John Bapst. The Crusaders led the Eagles most of the game and took a 2-1 advantage into the seventh inning at Bangor’s Mansfield Stadium.With their backs against the wall, the Eagles came through with four runs to take a 5-2 lead. Matt Burnett then shut down the Crusaders in the bottom of the inning to send the Eagles to a season-opening victory.Ellsworth’s Matt Burnett pitches during the third inning of a high school baseball game against Old Town on April 30 at Ellsworth High School. The Eagles’ pitching has been dominant early in the season with just three runs allowed in its first two games. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLEllsworth’s Conner Wagstaff struck out 16 batters in the win before Burnett struck out the final three to win the game. Burnett and fellow senior Devin Grindle had doubles at the plate for the Eagles, who had four in the final inning and seven total.“Our pitching kept us in it,” Curtis said of Ellsworth’s win over John Bapst, which mustered just three hits against the Eagles’ 2018 All-Penobscot Valley Conference pitchers. “If we can hold teams to one run or two runs, that’s impressive, and with Conner and Matt, that’s basically a given every night.”At home against Old Town on Tuesday, Ellsworth burst out of the gate in the first inning with 10 runs before plating seven more in the second. The Eagles then stretched their lead to 20-0 through three innings before the Coyotes (2-3) finally scored their only run of the game in the top of the fourth.Ellsworth had 13 hits and walked 11 times in the win over an Old Town team that beat defending state champion Brewer the previous day. Jackson Curtis and freshman Nate Smith had three hits each for the Eagles, who also got two hits from Wagstaff and Grindle and one apiece from Brett Bragdon, Hunter Fernald and Tyler Mitchell.“Our hitters were pounding the ball everywhere,” said Burnett, who pitched the first four innings before Curtis came on to finish the mercy-rule shortened game in the fifth. “As a pitcher, it’s nice when you go out there knowing you’re up 10 or 15 runs early in the game.”Even as his team built a massive lead, Ellsworth head coach Dan Curtis kept his players focused throughout the last few innings. The Eagles did regress to the mean somewhat at the plate, but the team continued to put runners on base and make plays in the field as its pitching staff kept Old Town in check.“It is hard to stay focused when you have a lead like that because you start wandering a little bit and get lazy,” Curtis said. “It was important to see us keep adding on and get our young guys some experience.”Ellsworth will be back in action tomorrow, May 1, when it hosts George Stevens Academy (3-0). The team will then host Foxcroft on Thursday, May 2, before playing Washington Academy at that time, Monday, May 6, in East Machias. All games are set for 4:30 p.m. starts.“These boys have battled these first two games and accomplished a lot, but you can never be satisfied with just two games,” Dan Curtis said. “Hopefully, we have even bigger and better things to come.”last_img read more

Fifa World Cup Justin Timberlake to screen FIFA World Cup semifinal at his ‘Suit and Tie’ concert

first_img For all the Latest Sports News News, Fifa World Cup News, Download News Nation Android and iOS Mobile Apps. New Delhi: American superstar Justin Timberlake has announced that he will be screening the England vs Croatia FIFA World Cup semifinal at his London concert.The “Suit and Tie” hitmaker’s concert by Justin Timberlake at London’s O2 Arena is scheduled only a couple of hours after the match.The American singer-songwriter took to his Twitter and Instagram accounts and shared his plans, saying the arena will open the doors hours before the concert so that his fans will able to watch the match. “We did a crazy show on Monday  got another one coming up on Wednesday. There’s also another very important thing happening on Wednesday,” the 37-year-old said in the video.           “So here’s what we’re going to do. I spoke to the O2 and for the first time ever doors will open at 6:30pm and we’re going to play this England vs Croatia match up on my big screens so come here and we’ll watch it together. We’re going to watch this together, and you know what? It’s coming home,” Timberlake added.England’s football team has only won the World Cup once, back in 1966. A win in today’s match against Croatia will send them into the final of FIFA World Cup 2018. last_img read more

Cricket News David Warner Slams Third Fifty-Plus Score, Australia Whitewash Sri Lanka 3-0

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: 100*,60* and 57*. This has been David Warner’s brilliant resurgence in his first series after the Ashes disaster. Warner’s 217 runs in the series without being dismissed and continued discipline from Australia’s bowlers helped Aaron Finch’s side win the final game at Melbourne by seven wickets and achieve a 3-0 whitewash of Sri Lanka in the series. With these results, Australia, who had trailed Sri Lanka for most of their head-to-head history in the format, are now level 8-8 after 16 encounters. Australia were in the driver’s seat once they chose to bowl on a sluggish wicket at the MCG.Mitchell Starc got rid of Niroshan Dickwella in the first over but Kusal Perera finally stood up and played a good knock. Kusal Mendis struggled despite hitting a six but Kane Richardson dismissed him for 13. Avishka Fernando also struggled to get going and so did Oshada Fernando but Kusal Perera hung in and ensured Sri Lanka did not lose momentum. Perera notched up his fifty but in the death overs, he was dismissed by Pat Cummins for 57. Bhanuka Rajapaksa struck some lusty blows and Lasith Malinga also hit a six off Richardson as Sri Lanka dreamt of a 150-plus score but Australia’s bowlers put up a fine performance in the death to restrict them to 142/6. In response, Aaron Finch got going with a six off Lahiru Kumara and the Australian skipper continued to clear the ropes with ease. Warner, on the other hand, benefited from a drop by Lasith Malinga off Nuwan Pradeep and Sri Lanka did not make matters easy for them when Finch was also dropped off Lahiru Kumara.Finch blasted two sixes off Shehan Jayasuriya and Lahiru Kumara and he went past Shane Watson’s tally of 83 sixes, which is the most sixes in Twenty20 Internationals by an Australian player. However, Kumara had his revenge when Finch fell for 37. Steve Smith smashed an aggressive cameo but he fell to Nuwan Pradeep for 13 thanks to a good catch from Lakshan Sandakan at deep square leg.Sri Lanka sensed an opening when Ben McDermott was trapped LBW by Lasith Malinga but Ashton Turner ensured there would be no further hiccups when he smashed a couple of sixes. Warner neared his fifty with a six over long on off Kumara and notched up his fifty with a single off Sandakan. Fittingly, it was the left-hander who sealed the whitewash when he swatted a full toss off Pradeep to the fine leg fence. Also Read | AUS Vs SL, Brisbane T20: David Warner, Steve Smith Shine As Australia Hammer Sri LankaSpeaking after the end of the match, Warner said he was happy with his form. “Our bowlers made our job easy at the top in the second game. I’m happy with my form personally. It helps getting back into form with the small total on the board. Fewer risks to take,” Warner said. Finch also heaped praise on the total team effort. “When your backs are against the wall, it’s important for the players to stand up. When you’ve got two spinners in the side in Australia, it’s different for us, and Agar and Zampa have done extremely well. It was unanimous when we thought about it (the two spinners). Agar is fantastic in the field and with the ball. Warner was outstanding – not getting out in the series is incredible, that’s what the best players in the world do: once they get in and they get on top of an attack, they keep it going, so really proud of the batting group and everyone to be fair,” Finch remarked.last_img read more

Brandon King bats for Black Lives Matter

first_img.. to lend support to Caribbean communities affected by pandemic JAMAICA, West Indies and Guyana Amazon Warriors batsman Brandon King is doing his part in supporting the Black Lives Matter and assisting communities by the COVID19 pandemic.The 25-year-old opening batsman scored a 72-ball 132 against the Barbados Tridents to propel the Guyana Amazon Warriors to the 2019 CPL final. It was the highest individual score in CPL history.For 2020, King wants to do more than shine with the bat. He wants to shine off the field as well as he announced on social media on Monday.“Over the past few months, I’ve had some time to really think about how I could make a positive impact on communities affected by the COVID-19 pandemic and also the Black Lives Matter movement,” King wrote.“So this year I will be sporting my black SG stickers and along with my management team, GGSM, we will be donating USD$100 for every six I hit during this year’s CPL tournament. Donations will be split between the Greater Trench Town Foundation in Jamaica and a charity in Guyana to be decided at a later date.”King believes that more than ever before athletes need to do more to champion causes that make their communities better.“As athletes, we have the platform to speak up and make effective change,” he said.“I am encouraging my sponsors, other athletes, and friends to join in on donations by either supporting a #BLM initiative of your choice or by matching my donations towards these local charities.“I am hopeful and looking forward to getting back out on the field very soon.”(Sportsmax)last_img read more

George Mason’s Shevon Thompson ranks 4th nationally in rebounding, continues to evolve after coming to U.S. from Jamaica

first_imgEvery day after practice, Shevon Thompson goes to a side hoop, throws a weighted ball off the backboard and jumps, corrals it and repeats.“After practice, it’s the weirdest thing to see,” George Mason head coach Paul Hewitt said. “Usually after practice you just see a kid go grab a ball, work on free throws, work on 3-point shooting, work on ball-handling.“Very rarely do you see a kid go get a ball and go off to the side basket and work on rebounding.”It’s helped Thompson pull down 11.5 boards per game, good for fourth best in the country. The junior center possesses a tenacity and technique that has brought him a far way from the tar courts and a technical high school in Hayes, Jamaica, and one that allows him to continue to evolve from the raw teenager he once was.After attending two different junior colleges — Midland (Texas) and Harcum (Pennsylvania) — in his first two years since coming to the United States, Thompson has found a niche, both with a school and a skill, at George Mason.AdvertisementThis is placeholder text“Rebounding’s all about desire,” Hewitt said. “It’s whether you want to get the ball or not. In the case of Shevon, not only does he want to do it, but he also wants to improve at it.”Thompson started playing basketball at Vere Technical High School in Hayes, Jamaica when he was 17. He said he did it to try something new and see what basketball was all about.Not only were the facilities incomparable to what he plays on now, but the recruiters were few and far between.“All my games were played outside on a rough court, on tar and stuff like that,” Thompson said. “I didn’t get that much exposure to basketball.”Luckily for Thompson, the country’s rules allowed him to play one more year of high school basketball even after graduating, since he was still younger than 19 years old. It was then that he started drawing attention, as he said to himself, “OK, I think I got something going here.”Thompson put up astronomical numbers, he said, and the local media started flocking to him for interviews.“I’ll just keep going, keep going,” he told himself. “Keep playing, keep playing, keep playing.”In September of 2013, Hewitt was eyeing another Harcum player when Thompson caught his attention. When Hewitt, a native of Kingston, Jamaica, heard of Thompson’s origin, his interest was peaked even further.“His numbers weren’t eye-popping, but just watching him you knew he was going to improve,” Hewitt said. “Low maintenance, hard-worker, it was an easy one, very, very easy one.“If people knew who he was and what he was all about, he would’ve had 50-60 Division I offers.”There was no question in Hewitt’s mind that Thompson wasn’t polished.He had the potential, but the head coach had his reservations about the first-ever junior college prospect Hewitt signed in his 19 years as a head coach.“When we signed him, the idea was possibly to redshirt him because we just thought he was going to be so raw,” Hewitt said. “We made the decision to play him and we haven’t looked back.”Now, Thompson’s main focus is to strengthen his legs since opponents are going after his lower body to throw him off balance. He credits his technique for his success, and all he could pinpoint was simply getting in the right position when the ball goes up.He’ll continue to throw a medicine ball off the backboard after every practice. But in stark contrast to the tar courts where his craft was honed just several years ago, every time he corrals the ball, his two feet will land softly on hardwood.“Oh yeah, I came from a really far place,” Thompson said. “Now I’m here and I’m in the top rebounders. Wow, this is pretty amazing.” Comments Published on March 5, 2015 at 12:05 am Contact Matt: mcschnei@syr.edu | @matt_schneidman Facebook Twitter Google+last_img read more

Women of Troy set to host SDSU at Marks

first_imgAfter a spectacular comeback bid fell just one point short against crosstown rival UCLA last week, the women’s tennis looks to return to winning ways against San Diego State on Wednesday. The Women of Troy had been looking to extend a six-game winning run going into their matchup against the Bruins, but they will now try to start a fresh streak by taking care of the Aztecs at Marks Stadium.Despite the close loss to archrivals UCLA, associate head coach West Nott insisted that “nothing has changed” in the squad’s preparations for game day.“Have a good practice, control the things you can control and just get back out there on the court and rack up another win,” Nott said when asked about the team’s mentality heading into the contest.No. 4 USC now sports a 10-2 record and an undefeated 4-0 mark at home, while San Diego State is 6-5 for the season and has not lost in almost a month. After a rough 2-5 start, the Aztecs notched four consecutive victories to push their record over .500, and they will look to make it five in their upset bid against the Women of Troy.USC travelled to San Diego in 2014 and came away with a dominant 7-0 victory, but neither the players nor the coaches are taking the win for granted this year.“If we can keep working on the things we’ve been working on, the rest will just fall into place,” Nott said. “We won’t be taking them lightly.”Six USC players are currently nationally ranked in singles, led by No. 18 junior Giuliana Olmos. The other ranked Women of Troy include two seniors,        No. 36 Sabrina Santamaria and                No. 46 Zoë Scandalis, while         No. 88 Gabby Smith, No. 83 Meredith Xepoleas and No. 65 Madison Westby are all freshmen. Olmos and Scandalis are also the 17-ranked doubles partnership in the country, and sophomore Zoë Katz and senior Gabriella DeSimone are currently ranked at No. 27.After the loss against UCLA last week, head coach Richard Gallien identified doubles as an area for improvement, and the team has been working to improve that aspect of their game throughout the week.“We’ve got some new players, and gelling takes a little bit of time, especially just handling the pressure of a dual match,” Nott said. “We’ve been working really hard, and the kids are learning very quickly so I wouldn’t be surprised if we played great doubles [against San Diego State.]”The players and coaching staff have also been working on maintaining full, NCAA tournament-esque intensity over the course of a full match.“We’re working on our overall consistency as a team, not giving away any free points, just making every point, set and match contested from the beginning to the end and playing a full, complete performance,” Nott said.USC and San Diego State do not share many common fixtures in their seasons, as the Aztecs play in the Mountain West Championship, but comparing results against their lone mutual opponent — Pepperdine — inspires confidence. San Diego State fell to the Waves by a score of 5-2 in their lone meeting of the spring, while the Women of Troy beat Pepperdine twice in the same week back in January, with a 4-0 win at home and a 4-3 victory in Malibu.The Women of Troy know, however, that any lower-ranked team visiting Marks Stadium will be prepared to upset them and are ready to meet the challenge.“We take them very seriously even though they aren’t ranked as high[ly] as us,” Santamaria said. “We’re preparing very well, and we’re going to treat [the game] like it’s UCLA or Stanford or Cal and just take care of business.”The match begins Wednesday at Marks Stadium at 1:30 p.m., and it is the Women of Troy’s final contest before conference play begins at Washington State on Sunday.last_img read more

In photos: UW men’s basketball team hands out free donuts on State Street

first_imgTickets went on sale at 7 a.m. Sept. 15. By 7:03, they were sold out.Hayes, along with a few of his teammates, kept their word and handed out Badger-decorated donuts across campus.Alice Vagun/The Badger HeraldAlice Vagun/The Badger HeraldForward Vitto Brown and guard Michael Ballard helped pass out donuts near the Kohl Center and Gordons Dining Hall area.Alice Vagun/The Badger HeraldAlice Vagun/The Badger HeraldAlice Vagun/The Badger HeraldAlice Vagun/The Badger HeraldRedshirt junior Jordan Hill also assisted Hayes in the sugary takeover of State Street.Alice Vagun/The Badger Herald Last week, when season tickets for the University of Wisconsin men’s basketball team went on sale, senior forward Nigel Hayes made a simple bet with eager students.If tickets sell out in less than five minutes, he and point guard Bronson Koenig will buy donuts for each student with tickets.last_img read more