Archive : 上海夜网KL

Company pension funds show support for German reform proposal

first_imgThe association also “noted positively” the proposal to stop counting savings in occupational pension plans towards the so-called Grundsicherung, a basic income for people who do not earn enough to support themselves. “For lower earners in particular, this removes a major obstacle to participating in occupational pension plans,” the VFPK said.The comments were made days after the government presented its plan for a new type of industry-wide pension plan, which can be set up by the social partners either in new vehicles or within existing ones.Among the key innovations is the Zielrente, a defined ambition or target pension approach without guarantees or long-term liabilities for employers.This model is new to Germany, where sponsor companies have been required to back any pension promise, topping up funding whenever necessary.MetallRente – one of the few already existing industry-wide second-pillar schemes based on collective-bargaining agreements – said social partners in Germany needed “a strong vehicle” to increase the number of companies with supplementary pension plans.Managing director Heribert Karch, who is also chairman of the pension fund association aba, welcomed the reform proposals for lower incomes.These include state subsidies and the simplification of social and tax contributions on incomes from various pension sources, such as the German state-subsidised Riester-Rente or a Pensionskasse.He was critical, however, of the fact that companies, due to tax reasons, would still have to choose different pension vehicles for different levels of income to avoid having to make double contributions for lower earners.“This,” he said, “would be socially unfair.”He also renewed his criticism of the shortfall caused by increasing the tax-exempt contribution level to just 7%. Germany’s corporate pension funds have given the thumbs-up to government plans to strengthen occupational pensions in the country.The VFPK, the association representing company pension funds, welcomed the government’s proposal.“This opens the way for occupational pension products that are suitable for a low-interest-rate environment,” it said.It added that the government’s plan to do away with guarantees would ensure that pension promises – excepting those from providers considered IORPs under EU rules – would remain “outside the Solvency II regime” for insurers.last_img read more

Stephen Aleman

first_imgStephen Aleman, (Mexican Steve) 61, of Aurora passed away Friday, October 12, 2018 at his residence.  Stephen was born Tuesday, July 30, 1957 in Houston, Texas the son of Vincent and Ann (Avalos) Aleman.  He was a plumber by trade and worked for Young Plumbing in Moeves, Ohio. Stephen was a member of the Church of Christ in Dillsboro and Sons of American Legion of Dillsboro.  He had done plumbing locally, which he truly enjoyed and had worked in his mother’s restaurant, Ricardo’s Restaurant, in Dillsboro.  He enjoyed fishing, baseball, football, pro and college ball, he also liked the Minnesota Vikings and the Houston Astros.Stephen is survived by father Vincent (Amada) Aleman of Baytown, TX; mother Ann (Robert) Hatchett of Copperas Cove, TX; sons: Stephen (Donna Holt) Aleman of Aurora and Eric Aleman of New Albany, IN; daughters: Stephanie (Nathan) Gulley of Copperas Cove, TX, Virginia (Jeff) Bentley of Jeffersonville, IN, Whitney Aleman and Salena Shupp both of New Albany, IN; ex-wife Debra Gonzalez of Keyser, W. VA; brothers: Harold (Mary Ann) Solis of Baytown, TX and Larry (Maria) Solis of La Porte, TX; sisters: Ann (Ricardo) Valdez of Florence, KY, Josie Aleman of San Antonio, TX and Jennifer Hatchett of Copperas Cove, TX; 10 grandchildren and 10 great grandchildren.  He was preceded in death by 2 brothers: Vincent Aleman Jr. and Richard Aleman.A memorial service to celebrate the life of Stephen will be 3 PM Saturday, October 13, at Hope Baptist Church, 15593 US 50, Dillsboro, 47018 with Pastor Tom Holt officiating.  Burial will be at a later date in Baytown, TX.  Family and friends may gather to share and remember Stephen 1 – 3 PM Saturday also at the church.  Memorials may be given in honor of Stephen to the Cancer Fund.  Filter-DeVries-Moore Funeral Home entrusted with arrangements, (812) 432 – 5480.  You may go to filterdevriesmoorefuneralhome to leave an online condolence message for the family.last_img read more

Iowa next challenge for Badgers

first_imgUW forward Jon Leuer has played well in a starting role for Wisconsin, which has won two consecutive games.[/media-credit]Riding a two-game winning streak, the University of Wisconsin men’s basketball team will return to action tonight against the Iowa Hawkeyes.The Badgers’ last two wins have come following a 6-game losing streak, which aincluded a 73-69 overtime loss in Iowa City Jan. 21. During their previous match against the Hawkeyes, both teams had a similar shooting percentage throughout regulation play. But during the overtime period Iowa heated up, shooting 2-2 from 3-point range and 5-6 from the free-throw line.“We knew they were a pretty good team before, and a team where if you allow them to get going with some perimeter shooting, they can be very dangerous,” Wisconsin assistant coach Greg Gard said. “And they were. They have beaten some other teams as well by knocking down some shots.”Going into tonight’s game, the Badgers will have to be on the lookout for Iowa forward David Palmer, who scored 21 against the Badgers in their last meeting and freshman guard Matt Gatens, who scored 14.“They haven’t really relied on one person, so to speak, either,” Gard said. “Obviously [Matt] Gatens is one of the best freshmen in the league. I think they are pretty balanced and have gotten it from a lot of different people and have had different roles filled.”During their current winning streak, the Badgers have been successful in closing out games, something they failed to do in their previous six losses. The last time they played Iowa, the Badgers had to hit a last-second three by Jordan Taylor to send the game into overtime.“Just looking at film, we really transitioned over within the last few possessions because those were what really cost us in those [six] losses,” Wisconsin senior forward Marcus Landry said. “Just learning from those things has made us sharper, and guys learned from it.”During their last two games, Wisconsin has also not had to rely on just one or two people to carry the load. Against Illinois last week, the Badgers had 15 or more points from three different players and against Penn State they had three with 10 or more points.One of the Badgers who has had a few good games down the stretch is forward Jon Leuer. Against the Fighting Illini, he had 15 points and the sophomore went for 12 points against Penn State Sunday afternoon. In both of those games, Leuer has been starting for injured forward Keaton Nankivil, who hurt his leg during practice last week.“[Starting] doesn’t make any difference to me,” Leuer said. “Once you get out there, basketball is basketball. You have to make good decisions and work hard and do anything you can to help the team win.”Even though he temporarily has the starting role, it does not make a difference to the coaching staff that starts the came or who comes off the bench. The importance to them is what they do on the court.“Jon did a nice job of taking advantage of it and made the most of his opportunities,” Gard said. “When Keaton gets his opportunities again, he has to make sure he does that as well. It is never one against the other — it’s always to both of them individually, what they can do to help the team collectively.”Besides the Badgers looking for their third-straight win, Landry will have to opportunity to become the 33rd player in program history to score 1,000 points. So far this year, Landry has been averaging almost 13 points and 4.3 rebounds per game. Against Penn State, Landry finished with a team-high 13 points and also had seven rebounds.“It’s really exciting to know I’m there, scoring 1,000 points,” Landry said. “I was here when [Alando Tucker] scored his 2000th point. I know it meant a lot to his family, and it meant a lot to him. But, it is something you can enjoy afterward. You can’t let things like this take you off your focus.”last_img read more