Second pillar pledge traded for German basic pension support

first_imgGermany’s Social Democratic Party (SPD) has offered its support for the expansion of occupational pensions through tax incentives in exchange for the vote of the Union, the alliance between the CDU and CSU, in favour of the basic pension, IPE has learned. The final parliamentary vote on the so-called Grundrente is scheduled for tomorrow, 2 July.The Union wants to further support occupational pensions in a bid to encourage individuals to start saving in pension schemes early, a source told IPE.Models to change occupational pensions had already been designed, and could be negotiated in the course of the year to become law. Up to two million additional employees could benefit from incentives for occupational pension schemes, the source added.The SPD has additionally promised to the Union a reform of the Riester-Rente after the summer break in order to win the latter’s support for the proposal of a basic state pension. IPE reported last week that the German ministry of finance, led by the SPD’s Olaf Scholz, is working behind the scenes with insurance companies and banks to evaluate possible changes to the privately funded Riester-Rente pension system.The leader of the parliamentary groups of the SPD and the Union have agreed to first adopt the basic pension, but IPE has learnt that negotiations have taken place also with regards to the Riester-Rente, IPE has learnt.Grundrente debatesThe SPD pushed strongly for the basic pension, which was included in a contract to support Angela Merkel’s government in 2018.But debates erupted about how to put in place the measure and its long-term financial sustainability.Alexander Dobrindt, chairman of the CSU regional group in the Bundestag, announced that the Union accepted funding the basic pension using resources from the federal budget, but accused the labour and finance ministers, both SPD, of not sticking to their promises to fund it through a European financial transaction tax.The German federation of employer representatives (BDA) said the coalition had failed to clarify how the basic pension will be financed.The Grundrente is estimated to cost €1.3bn in the first year in 2021, when it would enter into force.The Union would approve the basic pension, but reluctantly, the source told IPE.The Deutsche Rentenversicherung (DRV), which administers the state pension scheme, has raised questions about the process to grant basic pensions.Pensioners can request a basic pension from January 2021, but it will probably be paid from the middle of next year.The BDA considers the administrative costs for the basic pension “absurdly high”. It said the Grundrente was ”the most unfair and bureaucratic reform” since the introduction of the pay-as-you-go pension scheme.last_img read more

Serie A: Inter Milan game among three postponed over coronavirus fears

first_img “It seems to me a great injustice – if the monitor does not work, the referee must decide,” he added. “I understand that the regulation allows this and (referee Federico) La Penna explained it to me, but I don’t agree with it.” Ronaldo came close to a second when his free-kick hit the crossbar as Sarri’s side earned a valuable three points against an outfit they had failed to beat away from home in the previous two seasons. It got Juventus back on track on their travels after consecutive defeats at Napoli and at Hellas Verona, and ahead of next week’s first-leg, last-16 Champions League trip to Lyon. Juventus captain Giorgio Chiellini made his first start since being sidelined with a cruciate ligament knee injury last August, playing for 55 minutes in Ferrara. – Milan held – Second-placed Lazio can close to the gap to one point with a win at Genoa on Sunday. Promoted Content8 Amazing Facts About Ancient Egypt7 Black Hole Facts That Will Change Your View Of The UniverseThe 18 Most Visited Cities In The WorldYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Best Cars Of All TimeWhich Country Is The Most Romantic In The World?Top 7 Best Car Manufacturers Of All TimeThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWho Is The Most Powerful Woman On Earth?6 Best Natural History Museums In The World6 Incredibly Strange Facts About Hurricanes8 Superfoods For Growing Hair Back And Stimulating Its Growth Read Also: Serie A: Red-hot Ronaldo sends Juve four points clear But AC Milan missed the chance to move ahead of sixth-placed Napoli into the Europa League places with a 1-1 draw at 10-man Fiorentina. Zlatan Ibrahimovic had a goal ruled out in the first half for a handball with Milan also losing goalkeeper Gianluigi Donnarumma to a foot injury seven minutes after the break allowing Asmir Begovic to come on for his debut. Ante Rebic scored his sixth goal in as many league games in the 56th minute to give Milan the lead. Fiorentina’s Dalbert was sent off for a foul on Ibrahimovic, leaving the hosts a man down for the final half an hour. But Erick Pulgar grabbed a point for 13th-placed Fiorentina from the spot with five minutes to go. FacebookTwitterWhatsAppEmail分享 Spal’s Andrea Petagna (L) scored a penalty awarded despite the VAR monitor not workingcenter_img Title-chasing Inter Milan’s clash against Sampdoria on Sunday was one of three Serie A football matches postponed over coronavirus fears in northern Italy. Cristiano Ronaldo scored for a record-equalling 11th Serie A game. Atalanta against Sassuolo and Hellas Verona versus Cagliari in the top flight were also pushed back to avoid the spread of the virus with 79 confirmed cases in an outbreak that has claimed two lives in Italy. Prime Minister Giuseppe Conte announced late on Saturday evening that all sporting events in two northern regions would be suspended on Sunday. “Minister of Sport Vincenzo Spadafora intends to suspend all sporting events planned for Sunday in the Veneto and Lombardy regions,” said Conte. “I am sorry for fans of football and other sports who were planning to go to the matches scheduled tomorrow but citizens need to be responsible.” “The Club can confirm that Inter vs. Sampdoria, which was due to take place at 20:45 CET on Sunday 23 February, has been postponed to a later date,” Inter tweeted. Third-placed Inter, who lie six points behind Serie A champions Juventus, have a home Europa League match scheduled for Thursday. Saturday saw more than 40 amateur and youth matches in the regions called off because of virus fears. The Serie B game between Ascoli and Cremonese was also postponed. – Ronaldo landmark – On the pitch, Cristiano Ronaldo scored for a record-equalling 11th consecutive Serie A game in his 1,000th professional match as Juventus extended their lead at the top of the table to four points with a 2-1 win at SPAL. The 35-year-old tapped in six minutes before the break to equal the mark held by Gabriel Batistuta and Fabio Quagliarella. The five-time Ballon d’Or winner has scored 25 goals in all competitions this season for Juventus – including 16 in his last 11 appearances – and 21 in Serie A, five behind leading scorer Ciro Immobile. Aaron Ramsey added a second after an hour before Andrea Petagna pulled a controversial goal back from the spot for SPAL, after a penalty was awarded by VAR officials because the pitchside monitor not working. “Today we had goals scored using VAR when VAR wasn’t working,” said Juventus manager Maurizio Sarri. Loading… last_img read more

Video: Ndidi, Vardy opt for boxing gloves ahead of fight for top four place

first_imgSuper Eagles star Wilfred Ndidi and his Leicester teammate Jamie Vardy opted for the boxing gloves as the Foxes showed they still hold plenty of fighting spirit in their push for a Champions League spot. The duo were filmed locking horns in a lighthearted sparring session at Leicester’s training base, with both donning boxing gloves to hone their speed and agility heading into the latter stages of the season. And after the pair traded a series of punches, Vardy floored Ndidi with a sharp left hook – much to the amusement of his team-mate. Brendan Rodgers’ high-flyers appeared set to challenge Manchester City for second spot after a formidable run of form, but their momentum has halted after collecting one victory in their last five league games. A limp defeat at struggling Norwich was compounded by Kelechi Iheanacho’s stellar strike being ruled out by VAR for handball, before Jamal Lewis’; goal dealt the visitors another hammer blow on 70 minutes. The Foxes boss demanded that his side now step up in front of goal, and frontman Vardy, who missed the trip to Carrow Road, was snapped being put through his paces by midfield enforcer Ndidi. The humorous video was posted on Ndidi’s social media channels, and captioned ‘We will back stronger’. And in the final few seconds, Vardy connected with a lightning jab and sent the former Genk star tumbling. Vardy raced out of the shot after connecting with a sharp left hook and flooring his team-mate Read Also: Victor Moses suffers injury setback, set to miss Inter’s matches The Premier League’s joint-top scorer then raced out of the shot after dealing the damage, and struggled to contain his laughter. Leicester will look to haul their top four challenge back on track against Aston Villa next Monday. FacebookTwitterWhatsAppEmail分享 center_img Loading…last_img read more

2013 IMCA point season ends Sunday, Sept. 29

first_imgVINTON, Iowa (Sept. 25) – The 2013 IMCA weekly point season ends this Sunday, Sept. 29.Final races are scheduled for the IMCA Xtreme Motor Sports Modified, IMCA Eagle Motorsports RaceSaver Sprint Car, IMCA Sunoco Stock Car, IMCA Sunoco Hobby Stock, Karl Chevrolet Northern SportMod, Scoggin-Dickey Parts Center Southern SportMod and Mach-1 Sport Compact classes, as well as West Coast Super Stocks.No events, weekly or special, rained out this weekend will be allowed to be rescheduled and run for points. Information released Wednesday stating that regular season championship programs would be made up for points in the first week of October was incorrect.Final weekend schedules include the Flatlander at Sherman County Speedway, September Fest at Beatrice Speedway and the Blake Raulston Memorial at Cardinal Speedway Sept. 27-28; and the Dave Hubbard Memorial Fall Challenge at Hamilton County Speedway, the Fall Classic at Mid-Nebraska Speedway and the Jackson Nationals at Jackson Speedway on Sept. 28.Bonus points for track champi­onships will be figured and national champions and rook­ies of the year announced as soon as possible. Regional champions and rookies of the year will also be named for the Modifieds, Stock Cars and Hobby Stocks.State champions will be crowned in all divisions.last_img read more

De Boer open to Spurs talks

first_img After an illustrious playing career, the former Netherlands international has become a successful manager with the club whose fabled youth system he graduated from. De Boer, who went on to play at Barcelona, Galatasaray, Rangers and then in Qatar, returned to Ajax as a coach following his retirement and has been first-team boss since 2010. Press Association At the weekend he led the Amsterdam giants to a fourth Eredivisie title in a row, further harnessing a burgeoning reputation that has often seen him linked with a move away. Tottenham and Monaco have been mentioned as potential summer destinations and De Boer has confirmed an interest in moving to White Hart Lane. “I’m going to think about this possibility after the last league fixture on May 3,” De Boer told “I’m going to talk and listen. “I would like to add something to a club, that people can say they see the hand of Frank de Boer. “There is a beautiful example at Liverpool. That is what Brendan Rodgers is doing now [making his mark].” Reports in the Netherlands suggest Tottenham have approached Ajax about De Boer, although sources have told Press Association Sport that is not the case. Bookmakers now make the Dutchman favourite to become Tottenham’s next manager, ousting previous front runner Mauricio Pochettino of Southampton. Reports suggest it is a matter of when rather than if Tim Sherwood will be replaced at the White Hart Lane helm, with chairman Daniel Levy ready to tear up the 18-month deal handed to him in December. Spurs are understood to be concentrating on ending the season well before reviewing the progress made under the head coach, whose win percentage is better than any other Tottenham manager in the Premier League era. Should Sherwood get the boot, one of the legacies he will leave at Spurs is a focus on home-grown talent after his years of work within their youth set-up. The former midfielder has put his trust in the likes of Nabil Bentaleb and Harry Kane, although fellow academy graduate Andros Townsend has found his time restricted under Andre Villas-Boas’ successor. The 22-year-old exploded onto the international stage when rewarded for his fine form in October, netting on his England debut against Montenegro before helping overcome Poland as Roy Hodgson’s men secured a place in Brazil. However, Townsend has not enjoyed the best end to the campaign and last started a Premier League match in the 1-0 defeat to Arsenal on March 16. That lack of game time has seen his World Cup hopes weaken and, worse still, the winger sustained an ankle injury after coming on 12 minutes from time in Saturday’s 1-0 win at Stoke. Townsend left the Britannia Stadium in a protective boot and underwent an MRI scan on Monday, with further assessments taking place on Tuesday. Ajax boss Frank de Boer is open to speaking with Tottenham about taking over as manager at the end of the season. last_img read more

Redknapp to rebuff any Austin bids

first_img But Austin pulled one back midway through the first half as he thrashed home a penalty after referee Craig Pawson deemed that James Morrison had pulled back Leroy Fer. Two more goals followed in the second half for Austin and, although reports last week suggested he had turned down a new deal at the club, Redknapp was adamant there was no chance of the England hopeful being sold in the transfer window. “If we sold Charlie Austin we might as well go home, you know what I mean,” said the Hoops boss. “He’s here. We need Charlie to keep doing what he’s doing and he can’t afford to take his foot off the gas. I’m not saying he will do it but there’s nothing to top him going on and having a fantastic season. His target would be around 20 goals now with the way he’s going at the moment. It’s not impossible. “He’s a goalscorer. He wants to score. He works hard, he’s got a great attitude. He isn’t a minute’s problem. There is no side to him – he ain’t lairy and gets on with it. He’s a lovely boy who’s been to work for a living and is now playing Premier League football. “Goalscorers find a yard of space. It’s a knack – he’s in the right place at the right time. If you score 20 goals in the Championship this year you’ll score in the Premier League. It’s not rocket science, it’s that knack that people have got – they’ve been scoring goals since they were kids.” Austin was one of four changes made by Redknapp from the 3-1 defeat at Everton having sat out the almost inevitable loss at Goodison Park through suspension. Strike partner Bobby Zamora was also recalled and once again linked well with Austin – before warning the club that they need to tie the former Burnley man down to a new contract sooner rather than later. Press Association “He’s got 18 months on his deal,” Zamora said. “I think the club should be offering him something now because with the form he’s in, I don’t think it’ll be long before some big clubs make an offer and he may want to take that chance. For us, we need to keep hold of him. “Chaz is a great asset for us and, fingers crossed, he can continue his form. He’s a great finisher with a great work ethic.” West Brom boss Alan Irvine again went without his own top goalscorer Saido Berahino in west London, with club-record singing Brown Ideye selected as the lone frontman. The Nigerian is yet to score a league goal for the Baggies but Irvine is hopeful his blossoming relationship with Varela and Stephane Sessegnon can soon produce results for his side. “I think he’s progressing,” Irvine said of Ideye. “He did a lot of good things. He had a good chance to score and probably should have done. But he is getting sharper and sharper, and better with each passing week. And I feel it’s only a matter of time before he gets his first Premier League goal. “It’s a front three we’ve only been able to put together recently. Silvestre is similar to Brown, in that he missed pre-season and then got injured. But that three up front look like a handful, and we are quite pleased with how it’s developing.” Harry Redknapp insists QPR will rebuff any January bids for Charlie Austin after the striker scored a hat-trick to seal victory over West Brom on Saturday. With his side trailing 2-0 and being outplayed in every position, Redknapp again relied on the goalscoring prowess of the 25-year-old Austin – who did not disappoint as he moved onto 11 goals for the season to secure a 3-2 win and drag Rangers out of the bottom three at the same time. All 17 of QPR’s points this season have been accrued at Loftus Road but it was the visitors who started well and looked on course to pick up their second successive win as Joleon Lescott and Silvestre Varela took advantage of lax Rangers defending to put the Baggies deservedly ahead. last_img read more

‘Axeman’ Walters was affected by layoff, lost credibility – Roy Jones Jr

first_imgBOXING great Roy Jones Jr is convinced that Jamaican boxer Nicholas ‘Axeman’ Walters was badly affected by a long layoff ahead of the bout against Vasyl Lomachenko in Las Vegas last Saturday night, but believes the fighter has lost credibility by claiming that he would not have been affected by ring rust.The bout hardly failed to materialise as a contest with Walters routinely outclassed by the Ukrainian, in the end refusing to answer the bell for the eighth round.Ahead of the bout the Jamaican had not stepped into a ring since December of last year when he battled to a draw with American Jason Sosa.The Jamaican had, however, insisted that the layoff would have had no impact on him ahead of the fight.“He does lose a lot of credibility by quitting, but people are not listening to what he’s saying, and boxing is such a bad sport in this matter, because certain people can get in certain situations if they are with certain people,” Jones told“This boy ain’t fought in 342 days and you put him in the biggest fight of his life. And he’s crazy because at first he said it won’t bother him, but you can’t say that it won’t bother you but then use it as an excuse when it does happen. But I thought that was a problem,” he added.“He didn’t look rusty, but he just couldn’t land his punches at all because he hasn’t been in there with a guy who’s as high tech as Lomachenko. Not all the blame is on him, but when he said that wasn’t going to be a problem – then you took that excuse out the book. That’s the only thing I don’t like.”( read more

Second Test starts at Kensington Oval today…..

first_imgSeveral decades of history on the line as Windies chase series-levellerBRIDGETOWN, Barbados, (CMC) – Embattled West Indies will place several decades of history on the line when they go in search of a series-levelling victory in the second Test of the three-match series against Pakistan here today.They have never lost a Test series to the visitors on home soil since the two sides first met in the Caribbean in 1958 and have also never been beaten by Pakistan at historic Kensington Oval in six previous clashes there..But even with the weight of history looming large over the game, captain Jason Holder said his side needed to remain focused on execution over the next five days.“We’ve got to put that aside. The only way we can keep those stats good is if we tick our boxes. There’s no point looking at the results, we need to tick our process boxes,” Holder told reporters on the eve of the match.“There’s a process in terms of winning cricket games. We’ve got to put runs on the board, we’ve got to get 20 wickets. I think once we do these things – hold our chances in the field – we stand a very good chance of winning the game here.“We need to get runs in both first and second innings and we need to take 20 wickets. In order to win a cricket game you have to take 20 wickets and for us to take 20 wickets we have to set the game up with the bat as well, to give ourselves the best chance to take 20 wickets. If we don’t do these things then we’ll be on the losing end.”West Indies will be also under pressure to produce a result, not only to keep their proud record intact but to keep the series alive, following their seven-wicket defeat in the opening Test at Sabina Park five days ago.That loss was their 10th to Pakistan in their last 16 meetings and their 11th defeat overall in 15 Tests inside the last two years.But despite the disappointing Kingston result, Holder said the squad had remained upbeat and were confident they had overcome the issues which plagued them in the opening Test.“We know what it takes to beat Pakistan. We beat them in Sharjah in the final Test last year, so we know what is required,” Holder pointed out.“The mood has to be upbeat. We have to be upbeat for this game. We lost the first game in Jamaica and we all know where we went wrong there. We’ve adjusted a few of those issues in our meetings and our practice sessions as well.“Everybody is fresh coming off of that last game and looking forward to this game in Barbados.”Ahead of the Sabina Park contest, all eyes were on the inexperienced batting line-up and it was that which proved West Indies’ undoing.Boasting two debutants in left-handers Vishal Singh and Shimron Hetmyer and three other batsmen with less than 10 Tests each, the Caribbean side was brutally exposed by seamer Mohammed Amir in the first innings and then by wily leg-spinner Yasir Shah in the second.Sent in, they were 71 for five in the first over after lunch before recovering to make 286. They were not so lucky in their second turn at the crease, bowled out for 152 on the final day after slumping to 93 for four at the close on the previous evening.With West Indies retaining the same 13-man squad, Holder said it was imperative that his batsmen made adjustments and focused on a competitive first innings total which could put the Pakistanis under pressure.“We’ve paid a lot of attention to our first innings score. We’ve got to be able to put a good first innings total here in Barbados,” the all-rounder explained.“One of the things in order to do that is you have to get partnerships. We need to get partnerships up front. We’ve struggled up front for a little while now so it’s just a matter of our openers seeing off the new ball, coming in and solidifying the middle and building some sort of total, respectable enough in the first innings that we can push our bowlers in their first innings as well to get some wickets.”He added: “We just need to get some partnerships going, batsmen just need to put their hands up, spend some time in the middle – you can only make runs if you are in the middle so we need to spend some time in the middle.”The Oval pitch appeared dry on the eve of the match, which could favour Pakistan, with their line-up including Yasir and uncapped teenaged leg-spinner Shadab Khan, who terrorized the Windies during the Twenty20 series.Holder remained wary of the pitch, stressing it was important to get the best out of it in their first innings.“The pitch looks pretty dry, unusually so. Normally you would expect a little bit more in terms of the surface,” the all-rounder noted.“It will be interesting to see if it lasts all five days or if it deteriorates quickly. I’m not quite sure so it’s just a matter for us especially to make use of our first innings when we bat.”SQUADS:WEST INDIES – Jason Holder (captain), Kraigg Brathwaite, Kieran Powell, Jermaine Blackwood, Shai Hope, Vishal Singh, Shimron Hetmyer, Roston Chase, Shane Dowrich, Alzarri Joseph, Shannon Gabriel, Devendra Bishoo, Miguel Cummins.PAKISTAN – Misbah-ul-Haq (captain), Ahmed Shehzad, Azhar Ali, Shan Masood, Babar Azam, Younis Khan, Asad Shafiq, Sarfraz Ahmed, Usman Salahuddin, Yasir Shah, Shadab Khan, Mohammad Asghar, Mohammad Amir, Wahab Riaz, Hasan Ali, Mohammad Abbas.last_img read more

Tipperary must wait to find out fate

first_imgThe Premier County were held to a 0-14 to 2-8 draw by Dublin in their final Group 2 fixture.They might have got the win they needed to make the quarter-finals if an effort from the visitors, which lots of people in The Ragg thought had gone wide, wasn’t deemed to be a score by the umpire.Tipp’s most potent scoring force on the day was Nicole Walsh, who registered 0-7 from placed balls. Brian Boyle’s players must now hope that Dublin, whose final group match is against Derry, don’t rack up the margin of victory needed to put them ahead of Tipperary and into the next round of the compeition.last_img

Neymar Optimistic about Return for Brazil at Russia 2018

first_img“I hope to get there in great shape,” said the 26-year-old.Neymar became the world’s most expensive footballer when he joined PSG from Barcelona last August, and has scored 25 goals with 16 assists for the French side this season.“I get my final examination on 17 May and then I’ll be free to play,” he told a news conference in Sao Paulo, where he has been receiving treatment.“I had an examination last week, it is all perfect, evolving well, so I hope that continues so I can get back as soon as possible.“I am having treatment every day, and from the moment I start training I am going to work harder than I ever worked because this is a dream that’s coming up. It’s a World Cup. I’ve waited four years for this chance, it’s close.”Neymar played for Brazil, who have won the World Cup five times, at the 2014 finals in his homeland, but missed their 7-1 semi-final defeat by Germany through injury.Brazil go to Russia as joint favourites alongside champions Germany. After their opener against Switzerland in Group E, they face Costa Rica on 22 June and then Serbia five days later.Neymar, who joined PSG for a fee of 222m euros (£200m), said he was apprehensive about kicking a ball again after almost three months out.“Of course, doubts exist and I feel them too sometimes,” he said. “But that’s normal for a guy who has had the first surgery of his career. It’s very difficult for me not playing and not training.“I have to work even harder but I am going to have enough time to arrive in form for the World Cup, to prepare. It was horrible getting injured but I am more rested, that’s the upside. We have to see the positive side of things.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Brazil international Neymar hopes to be fit for this summer’s World Cup and said he will return to training from a broken foot on May 17.The Paris St-Germain forward needed surgery on a broken metatarsal bone after being injured in a league game on February 25.Brazil play their World Cup opening fixture against Switzerland on June 17, a month after his expected return.last_img read more