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

Wellington Compost Site winter hours from 8 a.m. to 4 p.m. Saturdays only

first_imgOn Dec. 1, the Wellington Compost Site will begin its winter hours from 8 a.m. to 4 p.m. on Saturdays only, through Jan. 5, 2012. The facility will be closed Monday through Friday. The compost site will be closed beginning Jan. 6, 2013 and reopen March 2, 2013.  Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more

Officials: Coral Springs Firefighter Found Dead; Homicide Investigation Underway

first_imgBroward County Sheriff’s deputies say a person who was found dead Saturday morning was a Coral Springs firefighter.Authorities have identified the man as 39-year-old Christopher Allen Randazzo of Pompano Beach.They found his body on Saturday morning around 6 a.m., after responding to a medical distress call at an apartment complex at 4520 El Mar Drive in Lauderdale-by-the-Sea.The sheriff’s office says homicide detectives are also involved in the investigation.Television cameras showed the building on El Mar Drive cordoned off with crime scene tape.This is a developing story.last_img

Climate Protesters Disrupt Harvard-Yale Football Game

first_imgThe Harvard-Yale football game was delayed briefly on Saturday, after more than 100 students and alumni flooded the field in protest of the schools’ endowments from fossil fuel companies.One banner read, “Nobody wins. Yale & Harvard are complicit in climate injustice.”Harvard was leading Yale 15-3 during the game in New Haven, Connecticut when the students ran onto the middle of the field as halftime was ending. The game was delayed for about 30 minutes until the protesters were escorted out of the field by police.Students are calling for both universities to divest their endowments from fossil fuel holdings.“Harvard and Yale claim their goal is to create student leaders who can strive toward a more ‘just, fair, and promising world’ by ‘improving the world today and for future generations.’ Yet by continuing to invest in industries that mislead the public, smear academics, and deny reality, Harvard and Yale are complicit in tearing down that future,” the student groups, Fossil Fuel Divest Harvard, Fossil Free Yale, and Yale Endowment Justice Coalition said in a statement after the protest.They added, “We demand that our universities take responsibility for their role in perpetuating the climate crisis and global climate injustice — we call on Harvard and Yale to fully disclose, divest, and reinvest their holdings in the fossil fuel industry, putting an end to business as usual and taking meaningful action towards building a more just and stable future.” Harvard President Larry Bacow stated in a story last September in the university’s magazine that the school is pursuing various climate change solutions through research and sustainable practices on campus, and noted that he encouraged a “healthy” debate over investment policy.According to Bacow, “Amid our larger academic and institutional efforts, debate over investment policy — including demands to divest from the fossil fuel industry — will no doubt continue at Harvard and beyond. This debate is healthy. And while I, like my predecessors, believe that engaging with industry to confront the challenge of climate change is ultimately a sounder and more effective approach for our university, I respect the views of those who think otherwise.”He continues, “We may differ on means. But I believe we seek the same ends — a decarbonized future in which life on Earth can flourish for ages to come.”Yale officials issued a statement that reads, “Yale stands firmly for the right to free expression. Today, students from Harvard and Yale expressed their views and delayed the start of the second half of the football game. We stand with the Ivy League in its statement: ‘It is regrettable that the orchestrated protest came during a time when fellow students were participating in a collegiate career-defining contest and an annual tradition when thousands gather from around the world to enjoy and celebrate the storied traditions of both football programs and universities.’”The statement adds, We are grateful to the staff members and police officers who ensured the peaceful departure of students from the field. The exercise of free expression on campus is subject to general conditions, and we do not allow disruption of university events.”last_img read more

$20,000 reward offered for information after dolphins found stabbed, shot to death off Florida coast

first_imgThe National Oceanic and Atmospheric Administration has reported that biologists with the Florida Fish and Wildlife Conservation Commission found a dead dolphin off the coast of Naples late last week.Officials say the animal had been fatally wounded by a bullet or a sharp object. Within the same week, another dolphin was discovered alongside Pensacola Beach. The animal had a bullet in its left side.Officials need the public’s help in finding out more information about these attacks.According to NOAA, biologists believe these cases may stem from humans feeding the animals, which then leads to them associating humans and boats with food. This can then put them in harm’s way.If you have any information on these attacks, call the NOAA Enforcement hotline at (800) 853-1964. Tips may be left anonymously.Officials are offering a $20,000 reward for information leading to an arrest.last_img read more

Saint Martin’s Offers Info Sessions For Professionals Interested In Becoming Teachers

first_imgFacebook0Tweet0Pin0 Submitted by Saint Martin’s UniversityLACEY, WASHINGTON — An information session for the Saint Martin’s University Secondary Teacher Alternate Route Program (STAR)—an intensive one-year course of study that prepares working professionals to teach in Washington state middle schools and high schools—will take place Thursday, Dec. 6, 2012, at 5:30 p.m. on the University’s Lacey campus. Four additional information sessions are scheduled for 2013: Tuesday, Jan. 8 at 6:30 p.m.; Thursday, Jan. 24 at 5:30 p.m.; Tuesday, Feb. 19 at 6:30 p.m.; and Thursday, March 7 at 6:30 p.m. Free and open to the public, all sessions will be held at the University’s Norman Worthington Conference Center, 5300 Pacific Ave. SE, Lacey, Washington.The STAR program, designed for individuals who already have an undergraduate degree from an accredited college or university, provides an efficient means to switch to a teaching career, says Ann Gentle, Ph.D., STAR program director and faculty member in the University’s College of Education and Professional Psychology.“Students bring valuable professional skills and experience to the program,” explains Gentle. “After only one academic year, they are ready to enter the classroom with teacher certification and two endorsement areas for teaching here in Washington state.”Information sessions will address entry requirements, program details, required classes and internships, financial information and Washington’s teacher certification process.The University will begin accepting applications for the cohort-style program in January. Individuals accepted will start classes in June 2013.Pending state legislative decisions, conditional loan scholarships may be available to STAR graduates who elect to work in “high needs” academic areas, which include math, science, special education or English language learner (ELL), Gentle says.In case of snow or inclement weather, please check the Saint Martin’s website. In the case of University closure, the info session will be cancelled.For more details about the STAR program or the upcoming information sessions, contact Gentle at [email protected] or 360-438-4566.Saint Martin’s University is an independent four-year, coeducational university located on a 380-acre wooded campus in Lacey, Washington. Established in 1895 by the Catholic Order of Saint Benedict, the University is one of 14 Benedictine colleges and universities in the United States and Canada, and the only one west of the Rocky Mountains. Saint Martin’s University prepares students for successful lives through its 23 majors and seven graduate programs spanning the liberal arts, business, education, nursing and engineering. Saint Martin’s welcomes more than 1,100 undergraduate students and 375 graduate students from many ethnic and religious backgrounds to its main campus, and 300 more undergraduate students to its extension campuses located at Joint Base Lewis-McChord and Centralia College. Visit the Saint Martin’s University website at www.stmartin.edu.last_img read more