Holy trinity

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Farmers sow seeds of independence

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ING pension fund abandons plans to divide into two schemes

first_imgInitially, the pension fund of ING indicated that a split might enable it to improve communication and to provide a more balanced approach to the two employers and their different stakeholders.It suggested that indexation for the two groups of participants would diverge, as the sponsors could introduce different pay rises.“A higher indexation for one group would mean a disadvantage for other groups, as indexation would come at the expense of the pension fund’s coverage ratio,” it said.However, the pension fund, with 71,000 participants in total and a funding level of 136%, has now concluded that continuing as a single scheme is a good alternative.It said it would seek to co-operate with the two new pension funds – ING CDC and NN CDC – within the existing structures, aimed at efficient pensions provision, joint communication, and joint policymaking.It added that it would also look at the options for simplifying pension arrangements and their implementations. The €27bn closed pension fund ING has decided not to divide itself into two schemes in the wake of its sponsoring company splitting.ING Group split into banking arm ING and asset manager and insurer NN Group in 2014.On its website, the pension fund said that, after two years of deliberations, it had concluded that there was insufficient reason for such a move, as this would come at the expense of efficiency.Since the division of ING – required by the European Commission, following government aid in the wake of the financial crisis – the two new companies have each set up new collective defined contribution (CDC) schemes for their staff.last_img read more

Dutch political party proposes cap for pensions sector salaries

first_imgDutch socialist party SP wants to limit pay for pension fund trustees and service providers’ staff to no more than the salary received by the Netherlands’ prime minister.Bart van Kent, MP for the SP, said he would attach an amendment to legislation implementing IORP II to cap pay at €187,000.He argued that the cap fitted with the EU directive’s explicit reference to “appropriate remuneration”.Currently, this cap – known as the WNT, or Balkenende standard – applies to pay at semi-public organisations, such as hospitals, schools and public broadcasters. Dutch socialists want pension sector workers to earn no more than prime minister Mark RutteHe said he also wanted pension funds to demand that asset managers comply with the WNT rules through a clause in their contracts.The Dutch parliament will debate the IORP II legislation on 26 September.In other news, Gijs van Dijk, MP for the labour party PvdA, has asked the Dutch government why bonuses at pensions providers have risen, while many of the country’s pension funds have been unable to grant inflation-linked increases.He argued that performance fees should only be paid if pension funds granted inflation compensation.His questions were triggered by the recent publication of a costs survey from consultancy LCP, which revealed that asset management costs had risen by almost €1bn, while schemes’ returns had dropped considerably. In Van Kent’s opinion, the pensions system was a special kind of social security in which high salaries were not appropriate, “as the money has been deposited by workers, and most pension funds can’t grant inflation compensation”.The MP also noted that pension funds paying high salaries didn’t perform better than schemes with more modest remuneration policies.last_img read more

Roy Wayne Bolser, 79, Brookville

first_imgRoy Wayne Bolser, age 79, of Brookville, Indiana died Monday evening December 24, 2018 at Fairway Village Nursing Center in Indianapolis, Indiana.Born June 9, 1939 in Butler County, Ohio he was the son of the late Clarence & Lucy (Bond) Bolser. On June 7, 1958 he was united in marriage to the former Gail Powell and she survives.He worked as a dairy farmer prior to going to work at Hamilton Foundry in Harrison, Ohio from where he retired. He was a member and former Trustee of First Baptist Church of Brookville, and a member of the National Rifle Association. In his leisure time he enjoyed hunting & fishing and being outdoors.Besides Gail, his loving wife of over 60 years, survivors include a daughter & son-in-law, Sherry & Billy Burkhart of Brookville, Indiana, a son & daughter-in-law, Bryan Scott & Jeanetta Bolser of South Decatur, Indiana; seven grandchildren, six great-grandchildren; a sister, Esther (Bob) Landers of Bright, Indiana; a sister-in-law, Rita Bolser of Brookville, Indiana, three brothers, Herschel (Alpha) Bolser, Gary (Kay) Bolser and Fred (Judy) Bolser all of Brookville, Indiana; as well as many nieces & nephews.In addition to his parents, he was preceded in death by a daughter Cristine Faye Kelly who died February 4, 2015, a son, Mark W. Bolser who died March 4, 1987; a sister Phyllis Willsey and a brother, Ronald Bolser.Family & friends may visit from 5 until 7:00 P.M. on Thursday, December 27, 2018 at Phillips & Meyers Funeral Home, 1025 Franklin Avenue, Brookville.Rev. Mike Holman, pastor of First Baptist Church, will officiate the Funeral Services on Friday, December 28, 2018, 10:00 A.M., at Phillips & Meyers Funeral Home in Brookville. Burial will follow in Maple Grove Cemetery in Brookville, Indiana.Memorial contributions may be directed to the First Baptist Church of Brookville. Phillips & Meyers Funeral Home is honored to serve the Bolser family, to sign the online guest book or send personal condolences to the family please visit www.phillipsandmeyers.com .last_img read more

Mackay: McManaman a wanted man

first_imgWest Brom face a fight from three other Barclays Premier League clubs to sign winger Callum McManaman from Wigan, who look set to lose their FA Cup final heroes Shaun Maloney and Ben Watson. “There’s a deal been struck as to why Shaun’s not going to be waiting until the summer. Chicago and ourselves have come to an agreement that he can leave immediately. “He’s a terrific lad but he wants to further his career somewhere else now.” Speaking before Watson’s move was confirmed, Mackay said: “He’s a terrific lad but he’s out of contract at the end of the season. “He’s a London boy, his family will be moving back to that area and I’ve got to be realistic. He’s been a terrific servant for this football club, obviously he scored the winning goal in a very historic game for this football club, so there’s fond memories there, and for the last seven weeks he’s been a joy to be around. “He wants to play every week between now and the end of the season and with his lifestyle he wanted to get back down to London. I’m not going to stand in the boy’s way when his mind is somewhere else.” Press Association Latics boss Malky Mackay confirmed the Sky Bet Championship club had turned down the Baggies’ second offer for McManaman, 23, this week but they are not the only top-flight club showing interest in the ex-Everton trainee. Hull are another of the quartet of clubs tempted by a player Roy Hodgson said he considered for a senior England call-up in 2013. “The second bid has been rejected, that’s where we are with that,” Mackay said of West Brom’s latest approach. Asked about interest from former Latics manager and current Hull boss Steve Bruce, the Scot added: “There’s been no formal bid but there’s been an enquiry. There’s been an enquiry from a few clubs but I have great respect for Steve Bruce so I don’t want to say any more than that.” Mackay later admitted there were four Premier League clubs keepings tabs on McManaman, who is expected to be in Wigan’s squad to face Huddersfield on Saturday after serving a three-match suspension. McManaman shone in the 2013 FA Cup final against Manchester City and the two men who were involved in the goal which provided the most memorable moment in Wigan’s entire history that day are set to depart. The club have reached an agreement with MLS side Chicago Fire to send Scotland international Maloney to the United States, while Ben Watson has joined fellow Championship club Watford until the end of the season. It was Maloney’s corner which Watson headed home in the 1-0 victory over Manchester City and the expected exits of those two players represents the end of an era for the club. “We’ve agreed terms with Chicago Fire for Shaun to leave imminently,” said Mackay. “That’s going to be happen in the next day or so. last_img read more

Black Cats mauled by Foxes

first_img And seven minutes later he made it 3-0 when, after being brought down in the area by Lee Cattermole, the Algerian international sent Costel Pantilimon the wrong way from the spot. Dick Advocaat responded by replacing Cattermole with Fletcher but it failed to give the visitors any foothold in a game which was already lost. And Danny Drinkwater almost added a fourth from distance when his effort was palmed away a minute before half time. There was little Leicester let-up and Mahrez continued to torture Sunderland after the break as he turned them inside out before hitting the post 10 minutes after the restart. Pantilimon then saved from Vardy and Mahrez as Leicester threatened to embarrass the visitors. But they pulled a goal back against the run of play on 60 minutes when Adam Johnson slipped Defoe in to fire into the corner from 10 yards. Suddenly Defoe was alive and Schmeichel was forced into a smart low save two minutes later with Leicester rattled. Albrighton made it 4-1 with 25 minutes left. The visitors failed to clear Mahrez’s cross and, when Vardy’s presence caused problems, the ball fell to Albrighton to drill in from the edge of the area. The goal rush continued five minutes later, though, when Fletcher made it 4-2, heading into an empty net after Defoe lobbed Schmeichel. It kept the Foxes on their toes and Okazaki was denied a debut goal by Kaboul’s block with four minutes left. TWEET OF THE MATCH “Just nipped outside at half-time to see that #SAFC have kept the engine running.” BBC commentator Connor McNamara posts a picture of the Sunderland team coach. https://twitter.com/ConorMcNamaraIE/status/630029617215184896 PLAYER RATINGS Leicester: Kasper Schmeichel: 7 (Out of 10) Ritchie De Laet: 7 Wes Morgan: 7 Robert Huth: 7 Jeff Schlupp: 7 Mark Albrighton: 8 Danny Drinkwater: 7 Andy King: 7 Riyad Mahrez: 9 Shinji Okazaki: 7 Jamie Vardy: 8 Subs: Yohan Benalouane: 6 Christian Fuchs: 6 N’Golo Kante: 6 Sunderland Costel Pantilimon: 7 Billy Jones: 5 Sebastian Coates: 5 Younes Kaboul: 5 Patrick Van Aanholt: 5 Jack Rodwell: 5 Lee Cattermole: 4 Sebastian Larsson: 5 Jeremain Lens: 5 Jermain Defoe: 6 Adam Johnson: 5 Subs: Steven Fletcher : 6 Adam Matthews: 6 STAR PLAYER Riyad Mahrez: The Algeria international ran Sunderland ragged all afternoon and deserved a hat-trick. His first-half brace put Leicester in complete control and he was only denied the match ball by the woodwork and fine saves from Costel Pantilimon. The Foxes need to prove they can maintain their form from last season and Mahrez, one of their stars from their Great Escape, will be key. MOMENT OF THE MATCH Kasper Schmeichel: Had little to do all game but he laid the foundations for Leicester’s win with a vital sixth-minute save. Jermain Defoe had wriggled free in the area only to be denied by the keeper from point black range with the score still 0-0. Six minutes later and the Foxes’ rout began but only after Schmeichel had given them a platform. VIEW FROM THE BENCH Dick Advocaat is third favourite to be the first Barclays Premier League manager to be sacked this season and his odds will not have improved after seeing his side’s first-half collapse. Opposite number Claudio Ranieri could not have wished for a better start at Leicester after replacing Nigel Pearson this summer. The Italian needs to impress to silence the doubters after his surprise appointment and certainly got off to the best start. MOAN OF THE MATCH Claudio Ranieri will be delighted with a debut victory in charge of Leicester but is sure to be annoyed at conceding twice to a Sunderland side who were beaten inside the opening 25 minutes. There seemed little danger to the Foxes’ backline but Jermain Defoe and Steven Fletcher pounced when the hosts switched off in the second half. It will only be a mild concern but Ranieri will want perfection from his new side. NEXT UP West Ham v Leicester (Premier League, Saturday August 15) Sunderland v Norwich (Premier League, Saturday August 15) A first-half blitz from Leicester blew away Sunderland to hand new boss Claudio Ranieri a dream start. Press Association Riyad Mahrez’s double and Jamie Vardy’s opener earned the Foxes an easy 4-2 win over the wretched Black Cats. England striker Vardy’s header and Mahrez’s brace, one coming from the penalty spot, put Leicester in complete control after just 25 minutes. Jermain Defoe pulled one back but Marc Albrighton ended the contest with the Foxes’ fourth, even though Steven Fletcher made it 4-2. The win gave Ranieri, who replaced Nigel Pearson in the summer, his first win in charge in his first Premier League game in 11 years. The Italian gave Shinji Okazaki his Foxes bow but fellow new-boys Christian Fuchs, Yohan Benalouane and N’Golo Kante were on the bench while Jeremain Lens and Younes Kaboul started for the Black Cats. However, it was one of the stars of last season who fired Leicester into a 12th minute lead. Ranieri had challenged Vardy to score more goals after he netted five last season – earning an England call – and the forward responded instantly when he flicked Albrighton’s free-kick across goal and the Black Cats allowed it to bounce in off the woodwork. It came after Kasper Schmeichel, a spectator for most of the half, denied Defoe from point-blank range after the striker wriggled free in the sixth minute. But that was the only fear for the Foxes as they took total control inside half an hour. Mahrez saw a shot deflect wide off Kaboul but eventually doubled Leicester’s lead on 18 minutes when he powered in a 12-yard header from Albrighton’s cross. last_img read more

Nadal beats Medvedev to win 19th Grand Slam title

first_imgRAFAEL Nadal won his 19th Grand Slam title after holding off Russian Daniil Medvedev’s exhilarating fightback in a gripping US Open final.Spain’s Nadal, 33, won 7-5 6-3 5-7 4-6 6-4 against the fifth seed in New York.Nadal, seeded second, was cruising at two sets and a break up, only for Medvedev to force a decider.But Nadal stopped his momentum to eventually clinch a thrilling victory in four hours and 51 minutes.Nadal’s victory moves him within one of Swiss rival Roger Federer’s all-time leading tally of Grand Slam victories.After taking his third match point, Nadal collapsed to the court in celebration, covering his face as contemplated another famous victory which epitomised all of his fighting spirit.Medvedev, 23, trudged around the net to warmly congratulate his opponent, who looked on the verge of tears as he covered his face with his sweat-soaked vest while taking rapturous acclaim.Those lucky enough to be watching among a near 24,000 capacity crowd were regularly left open-mouthed at what they witnessed, with the majority jumping to their feet and celebrating wildly after every point, helping create an electric atmosphere on a noisy Arthur Ashe Stadium.Medvedev had been booed by the crowd earlier in the tournament, yet heard his name loudly chanted by many as he threatened to complete an extraordinary comeback.Ultimately it was too late as he was unable to become the first man outside Nadal, Federer and Serbia’s world number one Novak Djokovic to claim one of the sport’s biggest prizes since Stan Wawrinka’s victory here in 2016.Nadal, Federer and Djokovic have won the past 12 Grand Slams after the Spaniard lifted the trophy in New York for a fourth time.Now Nadal has the chance to draw level with 38-year-old Federer, who was nine titles better off than his long-time rival in 2007, at the Australian Open in January.Emotional Nadal outlasts latest young challengerDespite Nadal, Federer and Djokovic being in their 30s, nobody has been able to break their stranglehold on the men’s game and Medvedev was the latest to fall short after a heroic effort.That has allowed the illustrious trio to pile on the Grand Slam victories over the past three years, livening up the race to be crowned the greatest of all time, which Federer once seemed certain to win.Nadal, who also won his 12th French Open title earlier this year, is now within one of Federer’s tally for the first time. (BBC Sport)last_img read more

J-D baseball reaches sectional Class A final

first_imgRight from the outset, the Section III Class A baseball playoffs featured excitement and plot twists, with three local sides as central figures.Jamesville-DeWitt and East Syracuse Minoa met up in last Tuesday’s quarterfinals, moved to Onondaga Community College, and the Spartans staged a miraculous seventh-inning comeback, yet still lost as the Red Rams pulled it out, 8-7.A pair of first-inning runs put J-D in front, and for 5 2/3 innings A.J. Ortega protected that lead. The Rams added a run in the fourth and appeared to put the game away with three runs in the bottom of the sixth, Matt Alexander working his way to four RBIs and Nick Brotzki adding two RBIs. It was the Comets seizing a 2-0 lead with single runs off pitcher Derek Jann in the third and fourth innings, but CBA countered, tying it 2-2 in the bottom of the fourth and then thwarting Carthage in the fifth when Joey Marsallo threw out a runner at home to kill a bases-loaded situation.Fired up by that, CBA scored twice more in the bottom of the fifth and Jann blanked the Comets the rest of the way, only allowing three hits and five walks overall. Kodi Dotterer had two hits as he, along with Marsallo and Leo Genecco, had one RBI apiece.And this led to Friday’s semifinals at Falcon Park, pitting J-D against no. 6 seed Auburn and CBA against no. 4 seed Whitesboro. With one big rally and strong pitching from Carter Kowalczyk, the Red Rams took care of its part, defeating the Maroons 6-1.They were 0-0 when, in the bottom of the third, J-D broke through against Auburn pitcher Brendan Williams. Logan Wing singled, Bobby Galusha reached on an error and walks to Alexander and Matt Goodson produced a 1-0 lead.More would follow when Giblin singled up the middle, plating two runs, and right after Foss and Mateo Santos produced run-scoring singles, which knocked Williams out of the game.Staked to that 5-0 lead, Kowalczyk lasted until the sixth, striking out six before Auburn plated a run and put two on base after Santos added an RBI single in the fifth. Foss relieved Kowalczyk, escaped that jam and loaded the bases in the seventh before inducing a game-ending groundout before a quiet seventh inning ended it.Now it was CBA’s turn against Whitesboro, but it could not quite match what J-D accomplished, unable to recover from a rough start in a 7-3 defeat to the Warriors.M.P. Geiss started for the Brothers against Whitesboro’s Noah McAndrew, and it stayed scoreless until the bottom of the third, when the Warriors broke out for four runs to take a lead it would not relinquish.Only in the top of the fourth did CBA get on the board, Boule driving home Genecco, but Whitesboro, helped by Avery Cook’s two-run double, answered with three runs in the bottom of the fourth off Anthony Marsallo and Cade Bacon.Even with a 7-1 deficit, the Brothers nearly made it back. In the bottom of the sixth, it chased McAndrew and got two runs thanks to Wilson’s RBI single and, with the bases loaded, Joey Marsallo getting hit by reliever Ryan Cardone.Now Bryce Gnatek replaced Cardone on the mound, facing Genecco, who with one out represented the tying run. Genecco lined one – right to second base, where Ryan Cook grabbed it and forced the runner for an inning-ending double play.Gnatek got the final three outs from there, and CBA’s season concluded with a 16-3 record, Whitesboro advancing to its third consecutive sectional final, where J-D awaits them Sunday at 3 p..m. at OCC.Share this:FacebookTwitterLinkedInRedditComment on this Story Three outs from seeing its reign as sectional champions, ESM rose up in the top of the seventh and battered three J-D pitchers – Nolan Giblin, Carter Kowalcyzk and Murphy Foss – for six runs to take a 7-6 lead. Hunter Borkowski drove in two of those runs, with RBIs also going to Brendan Seburn and Nolan Penoyer.Now it was up to Sean Welch to close it out for the Spartans, but J-D recovered from blowing a five-run lead, tying it at 7-7 and winning it when Giblin, atoning for his mound struggles, drove home Bobby Galusha with the decisive run.Meanwhile, top seed Christian Brothers Academy saw its sectional quarterfinal against no. 8 seed Carthage pushed back 24 hours by rain, but when they did play last Wednesday, it proved tense before the Brothers pulled out a 4-2 decision over the Comets.center_img Tags: BaseballCBAJ-Dlast_img read more

Madden receives starting nod despite Redd’s return

first_imgThough interim head coach Ed Orgeron has switched up the team’s practice style, the Trojans’ schedule has forced them to adjust their weekly routine, as they had their last practice on Tuesday before their Thursday night game at the Los Angeles Memorial Coliseum.Workhorse · In his first season as a college running back, redshirt sophomore Tre Madden is ranked fifth in the nation in carries per game. – Ralf Cheung | Daily Trojan“I couldn’t tell you what day it was,” Orgeron said. “It feels like Thursday, but it’s actually Tuesday.”According to Orgeron, the team is in a good place mentally despite all of the changes and distractions that have taken place in recent weeks.“Walking through the meeting room, to feel the energy and see them smiling … they’re loving practice, but now we have to go out there and perform,” Orgeron said.Ground and PoundWith senior running back Silas Redd set to make his season debut against the Wildcats, the rotation of running backs remains uncertain for the Trojans.“We’re going to play all of those guys,” Orgeron said. “Silas has looked pretty good, Tre [Madden] as well, and Justin Davis is ready to go.”Freshman tailback Justin Davis, who has been nursing a sprained ankle, appeared to be moving at full speed during Tuesday’s practice.Orgeron said he has been very impressed with freshman running back Ty Isaac, who has not yet had many opportunities during games but could work his way into USC’s already crowded tailback rotation.As for who is going to start the game, Orgeron said he would stick with Madden, despite Redd’s return.“Tre seems like the logical start, unless you’ve got any better suggestions,” Orgeron said.Welcome AboardOrgeron announced Tuesday that veteran defensive line coach Pete Jenkins will be joining the USC coaching staff as the team’s new assistant defensive line coach.The hire seems logical due to the fact that USC has only three defensive assistants, one of them being Orgeron, who, in addition to his job as interim head coach, also serves as the defensive line coach.This hire will allow Orgeron to focus more on overseeing all aspects of practice rather than only the defensive line.“After a week of being the head coach, defensive line coach, recruiting coordinator and the guy in charge of discipline, I felt like I could use a hand,” Orgeron said. “Pete is a good friend of mine and he is an excellent defensive line coach.”Jenkins has coached with 11 NFL and college teams over his 45-year coaching career, and he has produced 17 All-SEC defensive lineman and a plethora of players who have moved on to the NFL.“We were initially planning on hiring him as a consultant before all of this happened, but when we couldn’t find a guy on offense, we looked to Pete,” Orgeron said.Jenkins will not be filling the position immediately, however, as the hire is not yet official.Pep TalkFormer Trojan great and Heisman trophy winner Marcus Allen delivered a speech to the team about being a Trojan before practice on Tuesday.“We have to set the bar high, and we’re not going to lower it for anybody,” Allen said. “It is up to you guys to not only reach it, but go beyond it and set a new standard.”Orgeron had talked to Allen several times to get him to come to practice and talk to the team, and emphasized the importance of bringing former Trojans back because of USC’s appreciation of its storied tradition.“It’s amazing to see the love for the university and what they have inside of them as Trojans, and I thought he did a great job for our team today,” Orgeron said. “We need to lean on these guys, and a lot of times they are able to listen to them a lot more than they listen to us,” Orgeron said.Injury UpdatesThe player whose status remains most in most doubt is junior wide receiver Marqise Lee, whose condition is “very questionable” while recovering from a knee sprain, according to Orgeron.“We still have a couple days, but it doesn’t look like he’s going to play,” Orgeron said.Orgeron also reported that senior linebacker Morgan Breslin is not expected to play on Thursday night because of a hip injury. Redshirt freshman Jabari Ruffin, who has six tackles so far this season, will take Breslin’s spot in the starting lineup.Freshman wide receiver Darreus Rodgers’ status for the game is also questionable, despite being more involved in practice earlier this week.“Some of these guys are going to be game-time decisions and some of them are looking good. Others, not so good,” Orgeron said.last_img read more