first_imgExternal divisions following a divorce may take place also without the consent of the person entitled to compensation, and the person entitled to compensation is granted a claim before a pension provider different from the one of the person liable for compensation.Transfer losses are associated with disparities in the level of interest rates based on historical trends, according to the ruling.“The court points out that the interest rate may differ between the two pension schemes, and by transferring the entitlement to an external pension vehicle, the change of the interest rates can lead to so-called transfer losses, which generally disadvantage women,” Klaus Stiefermann, managing director at aba, the German occupational pensions association, told IPE.The family court, according to the Bundesverfassungsgericht, ensures that the external division does not unduly reduce the pension benefits, he said.“Family courts now have a task that is certainly not easy to accomplish,” he added.In the ruling, the constitutional court clarified that section 17 of the Law on Pension Equalization is compatible with the Basic Law, or Grundgesetz.Stiefermann added: “This is good news. The ruling has basically declared the law on the division of company pension entitlements in the context of divorce proceedings to be constitutional.”For Michael Ries, managing partner at Ries Corporate Solutions, the decision of the constitutional court is good at first glance, but “it will inevitably lead to the fact that external divisions, in particular for old cases, will not be possible, and the divided claims remain in the company.”Ries added: “In the extreme situation, you may have more former partners or wives in a company than active employees. A person may have different former wives, so you have different partners for one former employee […] and the insurer is unable to divide the products.”External divisions can start if the person entitled to pension compensation and the pension provider of the person liable to compensation agree on it, or if the pension provider of the latter person requires an external division.“This “external splitting” is an alternative to the so-called “internal splitting”, in which the divorced spouse, who has not worked for the company, must be included in the company’s pension system as an external person, a process that involves a considerable administrative effort,” said Stiefermann.After the divorce, companies can choose whether to manage only the occupational pension scheme of the employee or also that of the partner, or transfer part of it to another pension scheme.“The possibility of having a choice between these options is positive. This is exactly what we were advocating in the reform at the time,” Stiefermann said.To read the digital edition of IPE’s latest magazine click here. The German constitutional court, Bundesverfassungsgericht, has ruled that losses caused by the transfer of company pension benefits after a divorce through so-called “external divisions” can be unconstitutional.In the ruling, the court stressed the necessity to safeguard the basic rights of all persons involved in the division of pension benefits based on section 17 of the Pension Equalization Act – or Versorgungsausgleichsgesetz.Section 17 regulates special cases of external division of company pensions.In these cases, the value of pension compensation from a direct promise or a support fund (Unterstutzungskassse) should not exceed the contribution ceiling in the pension scheme.last_img read more

Read More

first_imgNAIROBI (Reuters) – The U.S. Embassy in Burundi says non-emergency personnel and the dependents of its staff are to leave the country, a spokeswoman said, following a failed bid by generals in the central African country to overthrow President Pierre Nkurunziza.The embassy will be closed on Friday, and the U.S. State Department has not yet decided if it will reopen next week, the spokeswoman said.(Reporting by Edmund Blair; Editing by Edith Honan and Alison Williams)Related EU to freeze all non-humanitarian aid to Burundi till peace deal Burundi President approves bill to leave ICCcenter_img Many experience difficulties while trying to leave Burundilast_img

Read More

first_imgNigeria duo of Alex Iwobi and Wilfred Ndidi have been listed among the most expensive footballers plying their trade across the world. Ndidi and Iwobi In the analysis published by The Sun of London,Iwobi with his worth of £62 million earnings, is ranked number 68 in the world, as Ndidi with his £59.6 million is number 77 in the world. Iwobi, the Everton player is fortunate to be among the recognised players led by French and PSG player, Kylian Mbappe (£226.2m). According to the report, Mbappe is unsurprisingly the most valuable player on the planet. Loading… The ten most-valuable footballers on the planet, according to CIES Football ObservatoryBut incredibly, the priciest midfielder in the world is one-cap England star James Maddison  – at £95.5m.In a topsy-turvy table, Kevin De Bruyne, Luis Suarez and Sergio Aguero are all valued atLESS than Everton winger Iwobi. But there is positive news for the future of the England team, with four of the top sevenmost-valubale players in the world part of the Three Lions set-up. Raheem Sterling is England’s most expensive at second in the table (£190.1m), with JadonSancho fourth (£143.5m), Harry Kane sixth (£127.9m) and Marcus Rashford seventh (£114.1m). The valuations were calculated by the CIES Football Observatory – who take more factors than just form and basic stats like goals and clean sheets. Such things as international caps, contract length, the league they’re playing in, as wellas age are all considered. Read Also:Smith, Gayle among most expensive players in ‘The Hundred’ draft If you were to field the strongest possible XI – not the top 11 as most are strikers – itwould be valued at an outrageous £1.21billion. Argentine and Barcelona striker, Lionel Messi is number eight in the world  with his (£106.6m), while Cristiano Ronaldo is 48 with (£68.2m) . FacebookTwitterWhatsAppEmail分享 Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Things That Will Happen If An Asteroid Hits Earth2020 Tattoo Trends: Here’s What You’ll See This YearCouples Who Celebrated Their Union In A Unique, Unforgettable WayYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThese TV Characters Left The Show And It Just Got Better8 Superfoods For Growing Hair Back And Stimulating Its GrowthEver Thought Of Sleeping Next To Celebs? This Guy Will Show YouInsane 3D Spraying Skills Turn In Incredible Street ArtThis Guy Photoshopped Himself Into Celeb Pics And It’s Hysterical10 Most Evil Female Characters In Disney Movieslast_img read more

Read More

first_imgUpdate (April 28 @ 8:30 a.m.)Decatur County EMA Director Robert Duckworth has confirmed County Road 700 Shas reopened following the fertilizer spill.The substance on the roadway was first reported at 2:48 p.m. on Saturday.Fire crews, police, EMA and emergency officials closed the road after a leaking tank from a truck caused the spill for approximately a half mile.First Report (April 28 @ 6:15 a.m.)A fertilizer spill on Saturday afternoon forced emergency crews to close County Road 700 S in Decatur County until further notice.The spill was first reported as a slick substance on the roadway coming from a truck traveling in the area. Firefighters and police arrived at the scene to discover the spill was visible for approximately a half mile and was within 100 feet of the Wyaloosing Creek watershed.The truck hauling the leaking tank was located and is operated by Thompson Farms of C.R. 700 S.Deputies were able to locate the owner and coordinated a response and cleanup of the 28% Liquid Fertilizer from the road. Total volume is expected to be upwards of 300 gallons.The roadway is expected to remain closed until cleanup efforts are complete.last_img read more

Read More

first_img“It really feels good. It’s an honor to be crowned champion of the region,” said the Clio, Mich., driver, 13th nationally, “and I hope I can represent it well.” Szecsodi’s first regional title came in his 20th year racing and 10th competing exclusively on dirt. Szecsodi won nine of 13 starts at Silver Bullet Speedway and complemented one win with six-second place finishes at Tri-City Motor Speedway, earning track championships at both venues. Matt Szecsodi found the perfect combination of domination and consistency in winning the Dirt Works Eastern Region for IMCA Modifieds. Pictured at right is IMCA President Brett Root. (Photo by Bruce Badgley, Motorsports Photography) “That was awesome,” Szecsodi said. “I was probably more excited than he was. It was quite the cool moment.” Starts 33                   Wins 10              Additional Top Five’s 16 “We had finished second to A.J. Ward in the region last year and thought it would be great to try again,” he said. “We wanted to focus on our local tracks but all the rainouts had us sweating. We had 40-plus starts last year and they were all in Michigan. We had 33 starts this year and that included a couple trips to New York to make sure we got our nights in.” He repeated as track champion at Silver Bullet, a track where he says it helps to take an asphalt-like approach, while mixing it up at Tri-City with many of the state’s top runners. CLIO, Mich. – Domination at one track and consistency at another made Matt Szecsodi a regional champion.center_img “We took good care of the car. Our only DNF was at the Dutch Hoag Memorial at Outlaw Speedway (after the end of the point season) and that was the result of flat tires in two separate incidents,” Szecsodi explained. “The guys we race with weekly at Silver Bullet and Tri-City are competitive and respectful. They are a very good level of competition and have contributed to our success.” HIS CREW: Car owner Adam Poage, wife Toni and daughter Brenalyn, Jaydon Brodnex, mother Teresa Pray, brothers Tanner Pray and Chaz Pray, grandmother Mary Lou Szecsodi, cousins Scott Smith and Tyler Smith, and Tyler Lewis. “We didn’t have as many wins as last season but we had a lot of seconds and a lot of top five’s,” he noted. His consistency paired with car maintenance and quality of competition in the regional championship quest. HIS SPONSORS: Brinn Racing Transmission of Bay City; Smith Starter and Alternator and Pray Family Care Home, both of Clio; Top Speed Motorsports and Moose Graphics, both of Mount Morris; Great Lakes Smoothie Company of Swartz Creek; and Harris Auto Racing of Boone, Iowa. That combination paved the way to the top spot in point standings in the Dirt Works Eastern Region for IMCA Modifieds. Brothers Tanner Pray and Chaz Pray also race IMCA Modifieds. Szecsodi was the runner-up when Tanner raced to his career-first win in the division on May 24 at Auburn.last_img read more

Read More

first_imgBMS 7th Grade team won against Franklin County 23-25, 25-13, 15-12.Courtesy of Bulldogs Coach Megan Werner.The BMS 8th Grade Volleyball team defeated Franklin County 24-21, 24-19.Leading the team in serves were Margaret Wilson with 11 points. Kaylie Raver added 6 service points. Laura Schwegman added 5 points. While Taylor Blanton and Renee Lecher chipped in 3 and 2 points respectively.  In the front row Raver had 4 kills. Schwegman had 3 kills. While Blanton & Wilson each had a kill.  The team was effective in the back row with their passing with Annie Shane and Calli Fletcher having good digs. The team is now 2-2. Courtesy of Bulldogs Coach Angie Ehrman.last_img

Read More

first_img “He took a drop in salary to come, such was his desire to play football,” said Coyle. “That was fantastic to see in a young man. All too often in football, finance is the motivation for some players. “It is great to have someone at your football club who is prepared to take a step back because he believes it will eventually lead to making two forward.” McClean does not arrive at the DW Stadium with an unblemished record though. Born in Derry and raised on the Creggan estate on which six people were killed by the British military during Bloody Sunday in 1972, McClean attracted a storm of criticism for refusing to wear a poppy on his shirt during last season’s annual Remembrance weekend commemorations. In addition, McClean condemned Ireland boss Giovanni Trapattoni on Twitter, leading to a rebuke from the Italian, whilst he was also reprimanded for his behaviour by former Sunderland boss Martin O’Neill on more than one occasion. McClean has since insisted he has learned his lessons. “We have all done silly things as young men,” said Coyle. “The bottom line is, having had a chat with him, I know he is focused and just wants to concentrate on his football. “If we get James McClean doing that, there is no doubt he is a huge talent. “He took the Premier League by storm with his wing play; not only his quality on the ball but how hard he works off the ball for his team. “He is a Republic of Ireland international. He has won 14 caps at a young age. There is no doubt he can go from strength to strength.” Owen Coyle has revealed new-boy James McClean took a pay cut to join Wigan. The Ireland international completed a deal in excess of £1million when he moved to the Latics from Sunderland on Thursday. McClean is in contention to face Manchester United in Sunday’s Community Shield at Wembley, having opted to drop into the Championship after discovering he had little future on Wearside under Paolo Di Canio. center_img Press Associationlast_img read more

Read More
September 21, 2020

Silva setback for City

first_img Press Association Manchester City playmaker David Silva is likely to miss the start of his side’s Champions League campaign. That makes the derby against Manchester United at the Etihad Stadium on Sunday a possible return date. Pellegrini, speaking at a press conference to preview the trip to Stoke, said: “We will see next week what happened with him. We hope he can be, not sure – we will try for the derby.” Captain Vincent Kompany, who has been sidelined since suffering a groin injury in the season-opening game, is nearing a return but he too will not play at Stoke. Pellegrini said: “Kompany is okay but I think it is a big risk for him to play three matches in one week. “He needs two or three more days to be 100 per cent.” Fellow defender Micah Richards is still out with a hamstring complaint and, in a further addition to the problems at the back, Pellegrini revealed left-back Gael Clichy also has a minor knock. He said: “It is not very important, (but) he is missing this weekend.” City’s start to the campaign has been plagued by defensive injuries with centre-back Matija Nastasic missing the first two games with a knee problem. New signing Martin Demichelis has also been ruled out with a knee injury suffered in training. Pellegrini estimates he will be missing for six weeks. center_img The Spaniard returned early from international duty this week for treatment on a thigh strain. Manager Manuel Pellegrini has confirmed the 27-year-old will not feature in this weekend’s Barclays Premier League game at Stoke and will probably not be available to face Viktoria Plzen in Europe on Tuesday. last_img read more

Read More

first_imgA woman  says she ‘stole’ her vehicle back after catching a service employee driving aggressively and using her car to run personal errands after she dropped her vehicle off for service.The incident occurred in Flowood, Mississippi.The woman,Penny Ivy Thompson, posted on Facebook that she was out and about when she noticed what looked like vehicle driving on the highway next to her. At first Thompson says she assumed the service employee may have been taking the truck on a test drive to make sure it was running properly, however, she decided to follow the employee in her truck after she noticed the employee was driving aggressively and tailgating another vehicle.Thompson reported that the employee got off of the highway and then parked in a Lowe’s parking spot before entering the store. Thompson says she parked near the vehicle and called the shop to ask if they knew where her vehicle was. At the point, Thompson dug out her spare key and hopped into the truck and drove it back to the dealership, leaving the employee behind.When Thompson spoke to the manager about the incident, she says, the manager reportedly offered her free service as long as she did not post anything about the incident on social media.The dealership has since issued an apology to Thompson in addition to firing the employee responsible for driving the vehicle and suspending the service manager.last_img read more

Read More

first_imgLondon, July 31: Newly-promoted English Premier League (EPL) club Fulham on Tuesday announced the signing of Serbian striker Aleksandar Mitrovic from Newcastle on a five-year contract.The 23-year-old Serbia international is to remain at Fulham on a permanent contract for an undisclosed fee, after joining the English side in January and helping them advance to the top-tier league, reports Efe.”This is a big club and last year we made history, we did big things, and I want to continue this. We want to keep making big things, and with all the fans behind us I think we can go far,” Mitrovic said in a statement on Fulham’s website.The club’s sporting director, Tony Khan, added that “(Mitrovic) was a hero in our run to promotion, and from the moment he arrived at Motspur and began working with us, we’ve always wanted Mitro on a permanent; I told him that after the Final at Wembley, and I’m thrilled to make it official today.”Mitrovic took part in 40 international matches with Serbia and scored 17 times, including in their 1-2 loss to Switzerland in the 2018 FIFA World Cup.British media reported Fulham paid 24.6 million euros ($28.8 million) for Mitrovic.The striker is the fifth addition to the team, led by Serbian coach Slavisa Jokanovic, ahead of Fulham’s 2018/2019 campaign, following Spanish goalkeeper Fabri (Besiktas), French defender Maxime Le Marchand (Nice), Ivory Coast midfielder Jean-Michael Seri (Nice) and the German striker Andre Schurrle (Borussia Dortmund, a two-year assignment). IANSlast_img read more

Read More