German pension law passes despite Green party opposition

first_imgThe law introducing defined contribution pension plans without guarantees to Germany has passed the larger house of parliament, the Bundestag.The Betriebsrentenstärkungsgesetz (BRSG) was passed on Thursday with the votes of the government coalition, comprised of the social democratic party SPD and the conservative parties CDU/CSU.Against expectations, both opposition parties – the Green party coalition Bündnis 90/Die Grünen and the left-wing Die Linke – rejected the legal draft as agreed on by the government last week.  The vote by the Green delegates came as a surprise because party representatives had agreed to the law in a preliminary vote in a parliamentary committee meeting the night before. The BRSG will for the first time allow the creation of defined contribution pension schemes – also called defined ambition plans – which can be set up by collective bargaining agreements.Only companies signed up to these agreements will be able to set up the new plans.However, all companies in Germany will be required to pay money they saved through salary sacrifice arrangements (Entgeltumwandlung) back into those plans.The Greens and other critics feared this and other changes might increase the burden on smaller companies.Insurers move to offer BRSG-friendly platformDuring the long negotiations on the BRSG over the past year, insurance companies had led the opposition to the ban on guarantees for the new plans. However, it now seems some have found a way to get a slice of the new pension cake.Five small mutual insurers announced yesterday that they were to join forces and create a pension platform. The so-called “Rentenwerk” is to be set up to provide companies and unions with flexible pension solutions to be implemented under the new law.Germany’s national competition regulator still has to approve the collaboration between Barmenia, Debeka, Gothaer, HUK-COBURG, and Die Stuttgarter.The BRSG itself still has to pass the smaller house of the German parliament, the Bundesrat, in its last session before the summer on 7 July.It is expected that the representatives of the German provinces in the Bundesrat will approve the draft.However, analysts have said the Green parties’ approval could be crucial in getting the green light from provinces where the party is part of a regional government coalition.Stephan Oecking, partner at Mercer Germany, called on the companies and unions that will have to negotiate the new pension plans to “make full and quick use of the full range of new possibilities”.Reiner Schwinger, managing director at Willis Towers Watson Germany, added: “The new framework will fill the current white spots in the German pension landscape.”Fred Marchlewski, managing director at Aon Hewitt Germany, summed up: “Occupational pensions will become more attractive overall, but also more complex.”last_img read more

See More

Amuneke Teams up with Parreira, Van Basten, Bora for Russia 2018…

first_imgOther football greats in the 2018 TSG include former Super Eagles handler Bora Milutinovic who led the three-time African champions to a second round finish at France ’98.Others include; Carlos Alberto Parreira, Alessandro Nesta, Andy Roxburgh and Marco van Basten.The group will be headed by Parreira, a FIFA World Cup-winning coach, who, along with Milutinović, holds the record for coaching the highest number of five different teams at FIFA’s showpiece event.Asked about the upcoming World Cup, Parreira said: “I’m expecting to see football where teams play as teams and defend with as many players as possible, pressing and then breaking forward at speed. Very compact teams, with lots of players behind the ball, closing down space and playing at pace on the attack.”As indicated in the 2018 FIFA World Cup Regulations, the TSG will be responsible for deciding on the following awards:· adidas Golden, Silver and Bronze Boots for the leading goal-scorers (if two or more players score the same number of goals, the number of assists, as determined by the TSG members, will be decisive)· adidas Golden, Silver and Bronze Balls for the best players· adidas Golden Glove Award for the best goalkeeper· Young Player Award for the best player born on or after 1 January 1997· Fair Play Award (the TSG will determine the ranking at the end of the final competition)At the conclusion of the 2018 FIFA World Cup, the TSG will produce a comprehensive technical report, including detailed statistics, which will be distributed among FIFA’s member associations.The TSG has been analysing FIFA’s competitions since the 1966 FIFA World Cup.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Duro IkhazuagbeFormer Super Eagles forward, Emmanuel Amuneke, is one of the six ex-internationals appointed to join FIFA’s Technical Study Group (TSG) to provide technical and tactical insights into the 2018 FIFA World Cup.Amuneke who coached Nigeria’s Golden Eaglets to win the FIFA Under-17 World Cup in Chile in 2015, is the third Nigeria to be so appointed into the TSG. Former Eagles coaches, Adegboye Onigbinde and Sunday Oliseh had previously served in the elite group of football technocrats.last_img read more

See More

Dodgers’ Mookie Betts day to day with finger injury

first_img“He just said it was a normal swing, an aggressive swing at a pitch that was up in the zone,” Roberts said. “He just felt that he kind of stung his finger a little bit and then it just started to swell.”There was still “substantial swelling” Monday, according to Roberts, and the treatment is aimed at reducing that.During one of the intrasquad games in Summer Camp almost three weeks ago, Betts had a similar reaction after a swing. This is a different issue, according to Roberts.“It’s not the same thing,” Roberts said. “In Summer Camp, that swing was on a pitch that was up as well. It was his wrist. And there’s been nothing made of that since. The other day it was his finger. So, two separate incidents, and he’s never had either before.”Corey Seager has been dealing with two separate issues as well — a sore right calf (after fouling a ball off his leg Saturday) and a right quadriceps muscle that cramped up during the second half of that game. He was not in the lineup Sunday but was back in Monday at DH. “I had been in contact with our doctors from the beginning to find out what they felt if I was any more higher risk,” he said. “They were just assuring me that as long as I was staying on top of the normal things I would do as a diabetic to stay healthy they said I should be fine. I trusted them and just kind of kept that mindset.”ALSOLeft-hander Alex Wood has been doing exercises to strengthen his arm and “said it’s the best his arm has felt in weeks,” Roberts said. Wood has been shut down with shoulder inflammation since starting the third game of the season. Wood is encouraged and could begin a throwing progression Monday or Tuesday. But there is still “no timeline” for his return. Dodgers’ Max Muncy trying to work his way out of slow start How Dodgers pitcher Ross Stripling topped the baseball podcast empire Newsroom GuidelinesNews TipsContact UsReport an Error The finger Mookie Betts injured during an at-bat in Sunday’s game did not prevent him from hitting a home run in that at-bat. But it could keep him out of the lineup for a few days.Betts was not in the starting lineup Monday at San Diego due to the sore middle finger on his left hand and Dodgers manager Dave Roberts said Betts’ status will be re-evaluated each day.“We’ll see how he responds to treatment,” Roberts said.The injury is considered “a soft-tissue injury” and X-rays taken after Sunday’s game were negative. Betts could be seen flexing his hand after a swing during that fifth-inning at-bat against Diamondbacks right-hander Merrill Kelly. That is apparently when the injury occurred.center_img Cody Bellinger homer gives Dodgers their first walkoff win of season “Corey feels good,” Roberts said. “I just feel that, with the training staff, not to run him out there to play defense. But we feel confident for his bat to be in there to DH and tomorrow depending on how he feels, we’ll make a decision if he DHs again or can play short.”CORONAVIRUS CASELefty reliever Scott Alexander revealed Monday that he had contracted the coronavirus before the opening of the Dodgers’ summer training sessions. Alexander is the third Dodger player to acknowledge suffering from COVID-19 (along with Kenley Jansen and A.J. Pollock).“That’s the reason I was late to camp,” said Alexander who had to wait three weeks for negative tests to clear him to work out with the team. “I had gotten it right before summer camp opened. I had some mild symptoms but it wasn’t too bad.”Alexander said he was at home in Southern California, waiting for word on when the season would start, when he started running a fever.“It was a pretty good fever. I never knew the temperature, but it was just happening to me all kind of in the middle of night when I was sleeping,” he said. “I just had chills and then I had definitely gotten hot so a bit of a fever and then really just kind of a headache. The headache was really the main symptom. But it only lasted for about 24 hours. Mainly I just kind of slept it off and was feeling good the next day.”Alexander said the most frustrating part was waiting in quarantine for two weeks while he waited for negative tests to clear him.Alexander has Type 1 diabetes which puts him in a high-risk category for the coronavirus but he said he never gave much thought to opting out of the season.Related Articles Dodgers hit seven home runs, sweep Colorado Rockies Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco last_img read more

See More

One Winning Canadian Ticket Pays $605,997.20 In Friday’s 20 Cent Single Ticket Rainbow Pick Six Jackpot At Santa Anita

first_imgOne Winning Canadian Ticket Pays $605,997.20 In Friday’s 20 Cent Single Ticket Rainbow Pick Six Jackpot At Santa AnitaARCADIA, Calif. (Feb. 21, 2020)–Santa Anita’s popular 20 cent Single Ticket Rainbow Pick Six Jackpot produced a life-changing score on Friday, as one lucky ticket had number three, Best Chance in the day’s eighth and final race and was thus worth $605,997. Best Chance, who was ridden by leading man Joel Rosario, got home on top by 1 ¾ lengths and returned $9.00 to win.The single winning ticket was purchased for $2,048 (Canadian) via a Woodbine Race Course wagering hub, based in Toronto.With a carryover of $366,953 from Monday, there was $114,710 in new money wagered today, creating a total pool of $481,663 U.S., which translates to $605,997.20 in Canadian money.The winning numbers and win payoffs in today’s Rainbow Six, beginning in race three were:  R3, (4) $46.00, R4 (5) $13.40, R5 (6) $54.20, R6 (3) $10.00, R7 (4) $15.60 and R8 (3) $9.00.Racing resumes with a nine-race program on Saturday, with first post time at 12:30 p.m.  Admission gates open at 10:30 a.m. For additional information, please visit santaanita.com or call (626) 574-RACE.last_img read more

See More