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U.S. Navy Agrees on Submarine’s Move to Cincinnati

first_img View post tag: Cincinnati View post tag: agrees U.S. Navy Agrees on Submarine’s Move to Cincinnati View post tag: U.S. Authorities July 12, 2011 View post tag: Navy View post tag: Movecenter_img View post tag: Submarines View post tag: Naval Seventeen years ago, Cincinnati City Council unanimously supported the idea to acquire the decommissioned USS Cincinnati, a Cold War nuclear…(cincinnati)[mappress]Source: cincinnati, July 12, 2011; View post tag: News by topic Back to overview,Home naval-today U.S. Navy Agrees on Submarine’s Move to Cincinnati Share this articlelast_img read more

Cuomo: COVID-19 deaths are lowest in state since late March

first_imgGovernor Cuomo said there were 84 deaths yesterday, which is the first time that number has been below 100 since late March. (WBNG) — Governor Andrew Cuomo announced on Saturday that the number of deaths due to the coronavirus in New York State has fallen below 100. Governor Cuomo also said he suggests that individuals get tested if they have symptoms or if they have been exposed to someone who has the virus.last_img

Analysis: Austrian election brings hope for pension reform

first_imgSebastian Kurz, chancellor of Austria until May 2019. His ÖPV party is expected to get the most votes in this month’s electionThis leaves one problem: Austrian provident funds, or Vorsorgekassen. These were set up for people to accrue severance pay on changing jobs, meaning the money can be taken out or be left with the provider until retirement. Wondrak would like to see a change in the legal framework to restrict the circumstances in which people can make withdrawals from Vorsorgekassen accounts. “More accrued money means more retirement provision or money in case of inability to work,” he says. Various surveys among Austrian employers – the majority of which are SMEs – have shown that retirement provision is too complex a topic for many. Pension experts agree that it would need an information strategy and a more transparent system of subsidies and tax advantages.Further readingGovernment’s fall is another blow to reform Promised tax reforms were put on hold following the toppling of the government. But this is just the latest in a line of unfulfilled pension promisesPensionskassen return around 7% for the first halfMeanwhile, Austrian multi-employer Pensionskassen returned just over 7% on average for the first half of 2019. Over the same period last year, Pensionskassen lost an average of 5.6%. According to a ranking compiled by consultancy group Mercer, three pension providers ranked in first place across the different risk profiles offered under Austria’s life-cycle models. The best performer in the most equity-rich category – funds with an exposure over 39% – was the €818m Allianz Pensionskasse. In the category with the lowest equity share (less than 17%), the €1.5bn Bonus Pensionskasse fared best. All other categories in between were led by the €4.5bn APK. Pension funds and consultants have long been emphasising the need for a true multi-pillar pension system – and their calls are getting louder. But politicians and unions still do not want to talk about a lack of sustainability in the first pillar.  A snap election scheduled for 29 September will determine whether Austria’s Conservative-led coalition government will stay in power.The coalition – between the conservative Austrian People’s Party (ÖVP) and the right-wing Freedom Party (FPÖ) – was cut short after a video emerged showing vice chancellor and FPÖ head Heinz Christian Strache in Ibiza trying to sell Austrian assets to a pretend Russian investor. With the collapse of the coalition, plans to strengthen the second pillar pension system in the country were also stopped in their tracks. A planned tax reform was binned and the interim government had other things to do than tackle retirement issues.Meanwhile, the Austrian pension industry is seemingly echoing the Ancient Greek goddess Cassandra, who was cursed to utter true prophecies but to never be believed.center_img “It would be a novel idea to debate the issues based on facts and – as much as possible – without ideological baggage”Thomas WondrakThomas Wondrak, founder and managing director of pension consultancy Konsequent Wondrak, calls on the new government to “take a fresh approach” to the retirement discussion.“It would be a novel idea to debate the issues based on facts and – as much as possible – without ideological baggage,” he tells IPE. “That is what the pension industry is hoping for.”One of the factors he thinks have been under-represented in previous debates is the growing number of one-person companies, known as EPUs. Under the current system, many are not even allowed to set up a pension plan or join a multi-employer scheme, while for others it would not make sense from a tax perspective. “60% of Austrian companies are EPUs – that is more than 100,000 companies without sufficient retirement provision,” Wondrak says. He urges any new government to discuss tax incentives for employees to make their own contributions to the second pillar. One-person companies should get access to subsidised occupational pension plans, and not just to third-pillar retirement products that often have higher fees.He also calls for subsidies to be made available to small and medium-sized companies (SMEs) to help them set up pension plans.However, Wondrak also emphasises that there should be “transparency on subsidies”, and only products and providers that “offer real retirement products with long-term saving targets” should be included. The Vorsorgekassen problemlast_img read more

Wayne Rooney’s improvement delights manager Louis van Gaal

first_imgManchester United manager Louis van Gaal is delighted to have Wayne Rooney back in form in front of goal. “It’s really bad,” he said. “It’s a derby and in a derby you only have one job to do – you have to win it. That’s the only possibility to be satisfied after the game. “United at this moment will be happy. You can talk about their performance and it wasn’t that good but they won so they are really happy. “We played better but feel frustrated because there were many things that were good but our finishing was not good, otherwise we would have scored a goal. “The set-play was not good defending but it was unlucky because we had changed a few positions moments before. “But three mistakes around the goal were too much against a team of the quality of Man United. “In this moment it is only frustrating, which is how it should be.” His captain scored from their only shot on target in the 1-0 win at Liverpool to make it five goals in his last four games, having scored in each one. Both Rooney, for his form, and Van Gaal, for his tactics, have come in for criticism this season but the Red Devils boss believes his striker has turned a corner. “A striker who scores is always very important and now he is scoring in a row and we are winning in a row,” the Dutchman said after United’s third win in four games. “I’m very happy for him but also for Manchester United. Everyone wants to see Rooney scoring.” Van Gaal believes the win at Anfield can breathe new life into an unexpected title bid. The three points against the Merseysiders, coupled with Arsenal’s goalless draw at Stoke, leaves them seven points behind the Premier League leaders. “We have a lot of matches still to go,” said the Dutchman. “We started 2016 very good with a lot of wins and I think this game will give a big boost to the players and the fans and everyone in the environment of Manchester United. “We have to continue, which is not so easy. We have seen that but we can do it because we show every week we can do it.” Liverpool manager Jurgen Klopp cut a frustrated figure after seeing his side dominate possession and create more chances only to be undone by their Achilles heel of conceding from a set-piece. Press Associationlast_img read more