Legal experts weigh alternatives to ‘Dutch-style’ pensions in Germany

first_imgThe pensions industry, however, largely rejected the notion of §17b plans for essentially introducing a pure defined contribution system in Germany for the first time.In March, the government put on hold a revised proposal that included minimum guarantees to see through the implementation of the Portability Directive, scheduled for early 2016.BMAS now wants to explore possible alternatives to the §17b industry-wide proposal.In a statement, it said Hanau and Arteaga would consider whether new pension funds have to be set up under the §17b model, as well as how existing pension funds might benefit from the proposal.They will also assess how companies and workers lacking collective labour agreements might be integrated into the new model.Gabriele Lösekrug-Möller, parliamentary state secretary to BMAS, said the voluntary expansion of occupational pensions would work “only after the social partners are strengthened”.Once the legal experts submit their final report in March 2016, the government is to decide how to “further develop occupational pensions and how to best strengthen the model”. The German government has commissioned Peter Hanau, a professor in the University of Cologne’s legal department, and Marco Arteaga, a partner at law firm DLA Piper, to come up with further proposals for occupational pension reform.The legal experts are to focus on the so-called ‘social partner model’, where occupational pension plans are agreed by company and worker representatives.Last year, Germany’s Labour and Social Affairs Ministry (BMAS) caught many in the industry by surprise after it called for the introduction of industry-wide pension funds, in a bid to increase the take-up of occupational pensions.The government’s proposal became known as §17b, based on the legal paragraph in which they would be set down.last_img read more

Junior Players Face Tough Task

first_imgRAINOIL TENNIS OPENNational junior players, Serena Teluwo and Reya Holmes, will have their hands full when hostilities commence at the ongoing 1st Rainoil Tennis Open holding at the Lagos Country Club, Ikeja.Teluwo debuted for Nigeria at junior level in April playing a big role alongside Iye Onoja and Oiza Yakubu in securing qualification to the African Junior Championship in Morocco in September where Nigeria posted a decent outing. Holmes on the other hand could not make the team as she suffered an injury to her foot while preparing in London few days to the tournament held in Lagos.Now competing at a much bigger stage, 11-year-old Teluwo will come against Rose Onoja in her first round match.Holmes, who is also 11 is one of the wild card entrants, will be up against Deborah Gbadamosi while Olamide Aluko, another wild card player will face Omolayo Bamidele.“I have trained hard in the last few months and I’m ready to do well in the tournament,” Holmes said adding her target is to reach the third round. Her older sibling, Lolade will have a face-off with Blessing Anuna.Sunday’s draw will also see prime seed, Sarah Adegoke battling Ramota Odeyemi, a qualifier while Aminat Quadri will face Angel McLeod.The 2017 Dala Hard Court queen, Blessing Samuel faces Osareimen Airhunwunde while Oiza Yakubu, who scaled two qualifying tests, confronts Bukola Olowu.Men’s singles top seed, Abdulmumuni Babalola is expected to have an easy passage to the next round as he opened his campaign against qualifier Osuebi Bishop while wild card beneficiary Isaac Attah keeps a date with Clifford Enosoregbe.Rainoil-sponsored Sylvester Emmanuel looks sure bet to scale the first round hurdle when he exchange shots with Musa Bala, a qualifier just as Thomas Otu is favoured to advance at the expense of another qualifier, Ismaila Sikiru. Martins Abamu will be up against Chima Michael just as Michael Iloputa will look to upset Ikechukwu Iloputa.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Former Jets Lineman Winston Hill Dies

first_imgNEW YORK — Winston Hill, a durable All-Pro offensive tackle who played 15 seasons and helped protect Joe Namath on the way to the New York Jets’ Super Bowl victory in 1969, has died. He was 74.The team announced April 26 that Hill, a member of the Jets’ inaugural Ring of Honor class in 2010, died in his adopted hometown of Denver.Hill made a franchise-record eight All-Star teams, the first five at left tackle and the last three on the right side. He also holds the team mark for offensive linemen with 195 consecutive games played, keeping his streak going despite breaking a leg in the 1965 preseason. Hill also was selected in 1970 for the AFL’s All-Time second team.Jets owner Woody Johnson called Hill “one of the Jets’ all-time greats” in a statement provided by the team.“I was very sad to hear of the passing of Winston Hill,” Johnson said. “He was our most decorated player with a franchise-record eight all-star game appearances. And as accomplished as he was on the field, he was an even better person whose profound impact on his teammates and those who came in contact with him left an impression for a lifetime.“He was the type of man who, if you were his friend, you thought you were his best friend.”Hill, who grew up in Joaquin, Texas, was drafted by Baltimore in the 11th round of the 1962 NFL draft out of Texas Southern, where he played on both the offensive and defensive lines.The Colts released him in August 1963 and he signed with the Jets the next day. He quickly established himself as one of pro football’s top offensive linemen, making three straight AFL All-Star games in 1967-69 and four straight Pro Bowls from 1970-73.In addition to protecting Namath, Hill helped block for Matt Snell, who ran for 121 yards and a touchdown in New York’s 16-7 Super Bowl victory over Baltimore.“Winnie was like my brother,” former center John Schmitt told the team’s website. “He was a terrific football player. His heart was as big as his body. He did not have a bad thing to say about anyone. I am going to miss that turkey.”Hill’s final season came in 1977 with the Los Angeles Rams, who also had Namath that year.After retiring from football, Hill opened a BBQ and ribs restaurant in Centennial, Colorado.Hill joined Namath, wide receiver Don Maynard and coach Weeb Ewbank — all members of that Super Bowl-winning team — along with running back Curtis Martin and defensive lineman Joe Klecko as the Jets’ first Ring of Honor inductees.(DENNIS WASZAK Jr., AP Sports Writer)TweetPinShare0 Shareslast_img read more