first_imgRecent high-profile cases of mariticide – killing a spouse – had highlighted the need to change the law.In one case, a man who was convicted of shooting his wife received CHF10,000 from her vested benefits account. Their son could not legally prevent this, as under pension law, a payment of benefits to the adult children is not possible if the deceased has a spouse or partner.Another murderer was set to inherit CHF64,000 from his wife’s pillar 3a savings, but – and only after a request from the foundation and a long period of wrangling – agreed to give the money to his mother-in-law.The proposed legal change follows an initiative by Josef Dittli, a member of the Council of States (upper chamber) representing the canton of Uri.In 2018, Dittli used an interpellation (a request for information from the Federal Council), which the Council agreed to support.The Federal Council published a draft proposal to amend three ordinances governing the second and third pillars in December, the consultation period ending last March.Most changes were technical, or clarify rules governing transfers from the third to second pillar, but they also included a blanket ban on murderers receiving their victim’s pension benefits.Infrastructure earns own categoryMeanwhile, another proposal is to amend the investment regulations for pension funds. Under current law, investments in infrastructure are classified as “alternative investments”, alongside hedge funds, private equity, insurance-linked securities and commodities.The idea is to create a separate investment category for investments in infrastructure. These investments would be limited to 10% of the pension fund’s total assets.Direct investments in infrastructure would be limited to 1% of the pension fund’s total assets, to ensure diversification.Simon Heim, head of Swiss Life’s employee benefits legal practice, said: “This change takes account the increasing relevance of infrastructure investments in relation to issues such as sustainability and climate.By creating a separate investment category, investments in this area will become possible to a greater extent than before.”Based on the results of the public consultation, the Federal Council is expected to issue the amended ordinances this autumn, with any changes unlikely to take effect before 2021.Looking for IPE’s latest magazine? Read the digital edition here. The Swiss Federal Council is to close a potential legal loophole allowing murderers who are the designated beneficiaries of their victims to pocket the victim’s pension benefits.Previously, there was no specific law banning the payment of an individual’s retirement savings to the person convicted of their murder.Under current law, pension funds do have the ability to reduce or refuse survivor benefits in such cases. The same applies for both vested benefits and pillar 3a insurance policies.However, the situation regarding vested benefits and pillar 3a accounts provided by a foundation – instead of an insurance company – was considered to be unclear.last_img read more

first_imgCultureWatch 18 November 2014On another site someone sent me a poster, asking me what I thought of it. It was from the political left, and had to do with the minimum wage. On the left side it said: McDonalds in Australia – Minimum Wage: $16/hour, Price of Big Mac: $4.47. On the right it said McDonalds in the US – Minimum Wage: $7.25/hour, Price of Big Mac: $4.62.This leftist poster was meant to highlight some supposed glaring and unfair inequality. Since this person asked me what I thought, I said this: “Apples and oranges. The US does have a much lower minimum wage. But many if not most things are also far cheaper in the US, from cars to most foods to (importantly!) books, etc. So this is a quite misleading and mischievous post. And there are solid reasons to argue that raising the minimum wage actually hurts people – especially the poor.”So let me here offer some of those reasons. Plenty of experts can be appealed to in this regard, so let them speak. And let me begin with four voices you would expect to argue for a higher minimum wage: three Black Americans and one Spanish American. They all argue against this.First, Black economist Thomas Sowell:One of the simplest and most fundamental economic principles is that people tend to buy more when the price is lower and less when the price is higher. Yet advocates of minimum wage laws seem to think that the government can raise the price of labor without reducing the amount of labor that will be hired. When you turn from economic principles to hard facts, the case against minimum wage laws is even stronger. Countries with minimum wage laws almost invariably have higher rates of unemployment than countries without minimum wage laws. Most nations today have minimum wage laws, but they have not always had them. Unemployment rates have been very much lower in places and times when there were no minimum wage laws….In European welfare states where minimum wages, and mandated job benefits to be paid for by employers, are more generous than in the United States, unemployment rates for younger workers are often 20 percent or higher, even when there is no recession. Unemployed young people lose not only the pay they could have earned but, at least equally important, the work experience that would enable them to earn higher rates of pay later on. read more

first_img* adopt additional measures to ensurethat passengers’ manifest contains the confirmed name of actual passengers onboard The agency was silent onculpabilities. Included in the MARINA probe’srecommendations were the following: “We were expecting answers fromcrucial questions such as why the motorboats capsized. Who should be heldliable? Why was the third motorboat from our municipality allowed by the coastguardto go despite the two earlier capsizing? But what MARINA sent us wererecommendations only. Disyamadago gidako. Wala nila nasabat ang sulat ko. Lain ila gin sabat,” said Reyes. Reyes said he would again ask MARINAfor the probe’s result. * support the phase-out ofwooden-hulled ships * strict adherence to MARINA MemorandumCircular No. 180, rules governing passengers’ manifest ILOILO City – Did the MaritimeIndustry Authority (MARINA) investigation on the capsizing of threemotorboats at the Iloilo Strait on Aug. 3 clear the Philippine Coast Guard(PCG) in Western Visayas? Reyes told Panay News MARINA’s reply was disappointing. * motorboat crew must undergo basicsafety training especially on the proper use of distress signal apparatusand radio communication equipment There were reports that the coastguard did not immediately haltall Iloilo-Guimaras boat trips after the first capsizing. The first capsizing, at around 12:30 p.m. of Aug. 3, involved M/B Chichi and M/B Keziah. They were bound for Jordan, Guimaras from Iloilo City. M/BChichi had 47 passengers while M/B Keziah only had its four crewmen.center_img * ensure that every passenger on boardis wearing lifejacket before and during entire voyage The reply that Reyes received wassigned by Assistant Secretary Lino Dabi. Thirty-one people – passengers of M/B Keziah, M/B Chichi and M/B JennyVince – died in the tragedy and the victims’ families were demandingaccountability and explanations. Part of Reyes’ letter to MARINA read:“Considering that your office spearheaded the investigation as to thesurrounding circumstances that led to the accident, may we request that we begiven a copy of the result of you investigation.” Three hours after, M/B Jenny Vince capsized. It was fromBuenavista and was bound for Iloilo City. It had 40 passengers. From an objective study of the“mistakes made in letting these boats sail”, Gonzalez said, “We will learn howto prevent further loss of lives.”/PN The investigation should pinpointthose liable, stressed the mayor. Marino party-list, on the other hand,had insisted in August that the investigation must be thorough and impartial. Buenavista, Guimaras mayor EugenioReyes expressed dismay. He asked for a copy of the investigation result butMARINA instead gave him just a portion of it – the recommendations. “Two passenger boats already capsizedbut the third one was allowed to proceed on its journey and also sank. I wantto know where the problem lies. Are the protocols in place insufficient? Areboat captains not given enough information?” asked Cong. Sandro Gonzalez. “What happened to the coastguardpersonnel who were relieved right after the tragedy? Ano ang hatol sa ila? Wala lang?” asked Reyes.last_img read more

first_img(Image: has a new Clerk-Treasurer. Chelsea Eckstein, 22, of Sunman was sworn in last week to replace long-time official Kristina Schneider.Schneider resigned from the position in mid-November following a misdemeanor conviction for Official Misconduct. She was forced to step down due to state statute.Ripley County Republican party chairperson Ginger Bradford was responsible for appointing a new official to the position. According to The Versailles Republican, Bradford had thirty days to appoint someone to the position, leading to Eckstein after multiple discussions amongst each other.A 2009 East Central graduate, Eckstein has education and work experience in banking and payroll. She will be her tenure full-time on Dec. 7.last_img

first_imgGreensburg, Ind. — A 24-year old Batesville resident has been charged with domestic battery in Decatur County.After Decatur County Sheriff’s deputies responded to a 911 call they determined Austin Garland pushed the female victim down causing her to suffer a head injury.Garland told police the altercation started as a verbal disagreement, then turned physical. He was taken to the Decatur County Jail.last_img

first_imgJoyce Ross Hall, age 80 passed away Saturday, July 18, 2020 at Ridgewood Health Campus in Lawrenceburg, Indiana. Born December 4, 1939 the daughter of James and Ethel (Sweet) Teal in Berry, Kentucky.Joyce, a graduate from Thomas Moore College, worked as a secretary and was the former Justice of the Peace in Dearborn County, Indiana.Joyce is survived by her children Etta (Keith) Smalley and James (Kim) Hall. Grandmother of James Hall II, Sarah (Chris) Albers, Amanda Smalley and Matthew Smalley. Brother of Michael Teal. Best friend of Ben, Betty, Sue and Momma.Joyce is preceded in death by her parents, James and Ethel Teal, and her brother Edward Teal.Visitation will be held Thursday, July 23, 2020 from 5:00 P.M. till 7:00 P.M. at Jackman Hensley Funeral Home 215 Broadway Street Harrison, Ohio 45030. Graveside Service will be held Friday, July 24, 2020 at 10:00 A.M. with Reverend Wade Hicks officiating at Glen Haven Cemetery in Harrison, Ohio.Memorials maybe directed to Franklin County Humane Society for her love of animals c/o the funeral home.last_img read more

first_imgRIO DE JANEIRO — Brianna Rollins won gold last night in the 100-meter hurdles at Olympic Stadium, leading an American sweep.Rollins won in 12.48 seconds, followed by Nia Ali (12.59) and Kristi Castlin (12.61).It’s the first sweep of this event in Olympic history, and it comes one day after the U.S. men were shut out of the 110 hurdles for the first time (in a non-boycotted Olympics).Rollins, who turns 25 today, is the 2013 world champion and former American recordholder. She claims her first Olympic gold..Ali is a two-time world indoor champion in the 60 hurdles.last_img

first_img Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Two more top-10 women — Elina Svitolina and Kiki Bertens — will miss the U.S. Open, joining No. 1 Ash Barty in skipping the Grand Slam tennis tournament during the coronavirus pandemic. The fifth-ranked Svitolina, a semifinalist at Flushing Meadows a year ago, said on social media she doesn’t feel comfortable traveling.No. 7 Bertens wrote on Instagram that one of her concerns is the need to be quarantined upon returning to Europe after the U.S. Open, which runs from Aug. 31 to Sept. 13.___Duke coach David Cutcliffe says long snapper Ben Wyatt and offensive tackle Jacob Rimmer have opted out of playing this season because of concerns about the coronavirus.Cutcliffe spoke after Friday’s first preseason practice, saying Wyatt and Rimmer “just weren’t comfortable with playing.” He said both would remain on scholarship as they work toward earning their degrees this spring. Associated Press The Latest: 2 more top-10 women out of US Open, citing virus Watched replays. Lots of replays.The International Cricket Council released figures Friday showing it had 1.65 billion video views on its Facebook channel in the first half of 2020, saying it “topped the rankings in terms of video consumption among leading sports bodies” on the social media platform.Cricket was shuttered globally from late March until last month, when host England beat West Indies 2-1 in a three-test series that was played inside bio-secure venues in Southampton and Manchester.The ICC, citing statistics from the CrowdTangle analytics tool, said daily video consumption on its Facebook page increased from 3 million minutes viewed to 15 million minutes per day during the lockdown.“At a time when COVID-19 has severely impacted live sports, the ICC’s channels have gone from strength to strength,” the ICC said in a statement. Wyatt is a fifth-year senior who appeared in all 38 games over the past three seasons for the Blue Devils. Rimmer is a redshirt junior who saw action in three career games. Senior John Taylor is set to replace Wyatt.Last week the school announced that 25 athletes had tested positive over the previous three weeks as they began returning to campus for voluntary workouts, with nine in mandatory isolation. The school said all cases involved no or mild symptoms. No teams had to pause workouts due to testing results.___The LPGA Tour will have another major without spectators.The ANA Inspiration announced that it will not have fans Sept. 10-13 at Mission Hills in Rancho Mirage, California. The major is typically the first of the year in early spring, but was postponed by the COVID-19 pandemic. The LPGA’s first major is in two weeks: The Women’s British Open at Royal Troon will not have spectators.The decision was not a surprise. In men’s golf, the PGA Championship this week in San Francisco and the U.S. Open next month in New York will be without spectator. The question now is which tournament will be the first with fans.___The Milwaukee Brewers have canceled their 2021 Brewers On Deck event, an annual January showcase that allows thousands of fans to meet current and former players and coaches in a convention hall. The Brewers said that the decision was made with “the health and safety of the community in mind.” “It’s impossible to know at this time what restrictions may be in place that would require a different footprint or format for Brewers On Deck in January,” Brewers president of business operations Rick Schlesinger said in a statement. “It takes many months of lead time for our staff to plan and execute the event, and with so many uncertainties we unfortunately have to make this decision now.”___The Pioneer League will not play a fall football schedule, a decision that likely means there will be no FCS playoffs this season.The 11-team Pioneer League spans from the Midwest to the West Coast. The conference said in a statement the challenges related to team travel, meeting state, local and institutional health requirements and COVID-19 mitigation strategies led to the decision. The Pioneer League said it would consider playing a football season at another point in the school year if feasible.The NCAA this week announced it would not conduct championship events in sports where at least 50% percent of the participating schools do not play a fall regular season. Unless Pioneer League schools pursue a football season as independents, the number of FCS schools that have canceled fall football is 68 out of 127. The Big Sky was also expected to announce soon whether it will play in the fall.___The Southeastern Conference will require football players and others in direct contact with the program to be tested at least twice weekly during the season.The league on Friday released its initial COVID-19 requirements for fall sports, including football. In football, the testing will typically come six days and three days before competition.Coaches, staff and other personnel will be required to wear face coverings on the sidelines at sporting events this fall. The initial guidelines include testing requirements, procedures for infections and contact tracing and protocols for quarantine and isolation. The rules, which also apply to volleyball and soccer, were recommended by the SEC’s Return to Activity and Medical Guidance Task Force.The league expects the task force to release another report by Aug. 31.___The Detroit Lions are preparing to host fans at all eight regular-season home games, although it’s uncertain how many will be allowed to attend. August 7, 2020 The NFL club said Friday season-ticket holders can opt out of purchasing tickets for the 2020 season if they want. The team also is offering various incentives for fans who defer payments to the 2021 season instead of asking for refunds.Fans and employees at Ford Field would be required to wear face coverings. Designated gates and entry times would be assigned to fans.The team says the ability to host fans at a reduced capacity depends on local and state approval.___What did cricket fans do when there was no live games to watch during lockdown in the coronavirus pandemic? Cricket hit some highs in terms of viewership over the 12 months to June, including the 1.1 billion views for the Women’s Twenty20 World Cup in Australia in February and March.Online traffic from India helped. The final between Australia and India, which attracted a crowd of more than 86,000 at the Melbourne Cricket Ground, set a single-day record for women’s tournament with 64.9 million views on the ICC Facebook page.___More AP sports: and read more

first_imgAccording to Mundo Deportivo, Barcelona also need to free up their extortionate wage bill – though Messi takes up a huge chunk of that.But with the 33-year-old now staying, other cuts now must be made.Suarez is the most high-profile of potential departures and a move to Juventus was in the pipeline only for a late bid from Atletico Madrid to scupper the transfer.It is believed the Uruguay international is keen on staying in Spain, where he is settled with his family.Also included on the exit list are Braithwaite, Umtiti, Jean-Clair Todibo, Nelson Semedo, Arturo Vidal and Rafinha.Todibo has attracted attention from Premier League clubs Everton and Leicester while Leeds United are a surprise side eyeing Rafinha.Inter Milan are on the verge of signing Vidal, with Antonio Conte a massive fan of the Chilean having worked with him at Juventus.Mundo Deportivo also further report that Umtiti was keen on staying at the Nou Camp.However, Koeman told the defender that his future does not lie at Barcelona and former club Lyon could snap him up.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Ronald Koeman Financially troubled Barcelona have put 12 players up for sale. The potential exits include Luis Suarez, Martin Braithwaite and Samuel Umtiti. This is part of the mass clear out that the new coach, Ronald Koeman has embarked on in other to transform the club.Last season saw how badly exposed many first-team players were after an 8-2 demolition from Bayern Munich in the Champions League.It saw Quique Setien lose his job and Koeman is not prepared to go the same way. As a result, he is looking to axe up to 12 players in the remaining weeks of the transfer window and bring in his own personnel.last_img read more

first_img Flutter moves to refine merger benefits against 2020 trading realities August 27, 2020 UK gambling adopts toughest online advertising code to protect underage audiences August 27, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Submit Related Articles StumbleUpon Share Share The government has urged UK gambling operators to ramp up its protection measures during the COVID-19 lockdown in a bid to mitigate what it has described as a “heightened risk of problem gambling”.In a letter to five chief executives of the largest gambling companies, the sports minister Nigel Huddleston (DCMS) has emphasised that “messages warning of risks and signposting to support need to be more obvious for all potential customers.”Huddleston called upon Bet 365, Ladbrokes and Coral owner GVC, SkyBet, William Hill and Flutter to go beyond the proposals laid out in the Betting and Gaming Council’s ten-point pledge, and inform people of sources of support such as GambleAwareThe minister further requested “regular and comprehensive internal data around online gambling habits” following lockdown measures, and issued a reminder to the operators of their responsibility to protect players.Huddleston said: “As we stay at home and spend more time online, it is vital that no stone is left unturned in protecting people from gambling-related harm.“Whilst overall gambling participation has fallen in recent weeks and the industry has made notable contributions to support the national response, we must take proactive steps now, and keep these measures under review.“I expect patterns of play to be closely monitored so we can move quickly if there is any evidence of problem gambling increasing. I also want more to be done to promote responsible gambling during the pandemic.”Huddleston also requested that the gambling sector speeds its industry-led review, which seeks to consider potential curbs on controversial VIP schemes, advertising technology and game design.The letter also requested an update on spending figures relating to both research and prevention of problem gambling, including a pledge to spend £100m over four years on treating problem gamblers.At the start of April, the UK Gambling Commission revealed its new industry action plan on standards related to VIP engagements, advertising and game features.The standards had been co-developed by the new Betting and Gaming Council (BGC) in collaboration with ‘working groups’ formed by industry leadership.The measures included: restricting and preventing customers under 25 years of age from being recruited to high-value customer schemes; cross-referencing all customers with the appropriate spend, safer gambling and enhanced due diligence measures before qualifying for VIP schemes; and a full audit of all operator reward programmes, detailing ‘decision making’ and demonstrate senior oversight and accountability.last_img read more