Pension fund for Dutch flower sector facing liquidation

first_imgGBP, the €50m industry-wide pension fund for the wholesale flowers and plants sector in the Netherlands, has said it wants to liquidate itself and is urgently seeking an alternative solution for the pensions provision for its 6,500 participants.Gerard Roest, employees chairman, told IPE: “We are too small to continue independently. Our administration costs of €285 are too high and still rising.”An additional problem is that the €424bn asset manager APG unilaterally cancelled its contract at the end of 2014, as it considered GBP too small, according to Roest.As a consequence, GBP has temporarily placed its assets with a money market fund at NN Investment Partners, “where it is risk-free, indeed, but hardly generates a return either,” the chairman said. He said the pension fund and social partners were looking at the options, including joining an insurer or the new pensions vehicle PPI.But he said the pension fund preferred joining a larger industry-wide scheme.So far, negotiations with other schemes have failed to produce a result, mainly because they assessed the risk of taking in GBP as too high, according to the chairman.“As we are a non-mandatory scheme,” he said, “we can’t guarantee that all our affiliated employers will join a new pension fund.”GBP, established in 2007, has an individual defined contribution plan and a contribution of approximately 14% of the pensionable salary.“As we don’t have much financial margin to increase our premium, joining another industry-wide scheme with a more expensive pension plan is difficult,” Roest said.However, GBP is financially in good shape.According to the chairman, the official policy funding stood at 123%, and the pension fund had been able to grant indexation every year so far.last_img read more

U-Hual: Indiana 17th in growth nationwide for ’17

first_imgBatesville, In. — Indiana was the No. 17 Growth State for 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.Year-over-year arrivals of one-way U-Haul truck rentals increased by 3 percent while departures increased by 2 percent from Indiana’s 2016 numbers.Arriving trucks accounted for 50.1 percent of all one-way U-Haul traffic in Indiana, which was ranked No. 39 in growth for 2016 and No. 25 for 2015.Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.Texas was the No. 1 Growth State for the second year in a row. Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina ranked seventh, continuing a strong growth movement in the Southeast.View the entire 2017 U-Haul Growth States rankings, plus other migration trends reports including the top U.S. Growth Cities. While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.last_img read more

Warriors Get Record-Tying 72nd

first_imgSAN ANTONIO — The Golden State Warriors got a momentous victory in the one place they hadn’t won in nearly two decades.Now, they’re one victory away from topping Michael Jordan and the 1995-96 Chicago Bulls.Stephen Curry had 37 points and the Warriors beat the San Antonio Spurs 92-86 on Sunday night for their 72nd victory, tying Jordan’s Bulls for the season record.“We can get to 73,” forward Draymond Green said. “That’s the significance for me of 72.” The defending champions will finish the regular season at home against Memphis on April 13.“Obviously, we’re in the moment, enjoying the ride,” Curry said. “The goal is to win a championship. That’s the goal. But we put ourselves in a great position to end the season with a win and do something no team has done in the history. That’s an amazing accomplishment.”The Warriors got No. 72 by doing what nobody else had this season — beating the Spurs in San Antonio.The Spurs had won 48 consecutive regular-season games at home, including an NBA-record 39 straight to this season. Golden State also ended a 33-game skid in San Antonio that dated to 1997.“Definitely sweet because we broke the streak,” Warriors guard Klay Thompson said. “That’s all the media would talk about for the last few years. It’s tough to win here. It definitely was huge for us.”San Antonio sat Tim Duncan for rest and was without an injured Boris Diaw. It had not lost at home since March 2015. The Spurs also fell to Golden State on April 7 in Oakland, 112-101.The Warriors dominated the fourth quarter in taking the season series 3-1. Curry controlled the action with a series of layups when San Antonio’s defense attempted to run him off the 3-point line.“They just exploded,” Spurs forward David West said. “Steph just took over the game. We weren’t able to get to him, keep bodies in front of him.” Curry had 20 points in the second half.In their lone victory over Golden State this season, San Antonio managed to slow down the game. The Spurs tried to match the Warriors’ pace April 10 though, leading to a tense and at times sloppy game.LaMarcus Aldridge had 24 points to lead the Spurs, who have lost three straight for the first time this season. Kawhi Leonard added 20 points but shot 7-for-22 while continually being harried by Green.Green got a technical for charging directly toward Monty McCutcheon at the scorer’s table after the official ruled he fouled Leonard in the first half.With Andrew Bogut screaming from the Warriors’ bench for teammates to grab Green, the energetic forward followed McCutcheon across the court to continue his argument. A second technical was not issued.Green finished with 11 points, and Thompson added 14 for Golden State.(RAUL DOMINGUEZ)TweetPinShare0 Shareslast_img read more

Rathore, Akshay hold live Instagram session, discuss fitness

first_imgNew Delhi, Dec 20 (PTI) Sports Minister Rajyavardhan Singh Rathore and Bollywood actor Akshay Kumar Thursday held a live chat session on Instagram, discussing issues related to fitness, diet and bullying in school. During the session which lasted close to half an hour, Rathore and Akshay touched upon various issues with about 25000 fans tuning into the live session. A former Olympic medallist, Rahore seemed to be at his home, while Akshay, who has starred in many award-winning films in his two-decade career, was in his gym during the program. The fans lapped up the informal and frank conversation and asked questions to the stalwarts. Another Bollywood actor Ranveer Singh also appeared in the session as a special guest, joining a long list of fans commenting on the video. Rathore and Akshay promised to keep in touch, and come up with more such sessions for their fans. Rathore, considered to be one of the fittest politicians, had launched the #HumFitTohIndiaFit campaign earlier in March highlighting the issue of fitness. He had posted a video doing 10 push-ups while encouraging people to share pictures and videos on social media to show how they keep themselves fit. PTI ATKATKlast_img read more