German government signals support for auto-enrolment reforms

first_imgThe German government has offered tacit support for the introduction of auto-enrolment, weeks after an independent report proposed its use within industry-wide bargaining agreements.Michael Meister, junior minister at the federal finance ministry (BMF), told the annual conference of German pension fund association aba that a recent state-level proposal for an auto-enrolment-based pension reform was “constructive”.Speaking in Berlin, he also argued that additional retirement savings could either be accrued in third-pillar Riester-accounts, or through improved participation in occupational pensions (bAV).Meister’s support of auto-enrolment was echoed by Yasmin Fahimi, state secretary at the federal social affairs ministry (BMAS), who said auto-enrolment should be seen as part of an additional level of obligation imposed on the employers. The comments come weeks after BMAS published an independent report on the role of industry-wide collective bargaining agreements in boosting participation rates, one that proposed the use of auto-enrolment, offering an indication of the government’s future plans.But they are also noteworthy for signalling long-awaited cross-party agreement on pension reform, as Meister is a member of chancellor Angela Merkel’s Christian Democrat party (CDU), while Fahimi works in a ministry controlled by the CDU’s junior coalition partner, the Social Democrat party (SPD).Meister offered his support for the use of tax incentives to encourage low-income workers to save for retirement, and praised auto-enrolment when discussing a recent proposal put forward by the state government of Hesse.The Deutschland-Rente proposal suggested the use of auto-enrolment, with workers compelled to save into individual defined contribution (DC) accounts – the latter a suggestion heavily criticised by aba chairman Heribert Karch.Meister said the auto-enrolment element complemented talks at the federal level.“The one part where there is a connection,” he said, “is over the question of how far we go in offering an occupational pension I do not have to join but which I have to leave if I don’t wish to be in them.”Opening the conference, Karch called on the federal government to act on pension reform.He said that, unlike the association’s previous criticism of earlier BMAS proposals, which would have mandated the use of IORP II-compliant pension funds to the detriment of many existing German occupational arrangements, the system envisaged by the academic report was one “going in the direction that could lead to a successful reform”.He urged swift action, with a draft proposal published before this summer’s parliamentary recess, and the end of the year seeing “an occupational pension reform worthy of the name”.For her part, Fahimi called for a wide-ranging debate on the interplay between the state pension, occupational savings and voluntary savings into third-pillar arrangements, and a discussion with society at large.“But – and I want to be clear on this – we do not want to indefinitely postpone any decision on reform,” she said.“We want to make a decision. We want to, before the end of the current Parliament [in 2017], table reform proposals.”last_img read more

Mike’s Minute: We need transparency in referendum debate

first_imgNewsTalk ZB 9 June 2020Family First Comment: Good question Mike…“The Drug Foundation, who should not be in the business at the best of times of being political operatives, have nevertheless decided to bring the worst aspects of Washington lobbying to New Zealand by raising money to buy spin, to twist your arm to vote yes for cannabis in September.The question is, who’s funding them?” It seems remarkable does it not you can have referenda in this country that have, seemingly, so few rules around them.The Drug Foundation, who should not be in the business at the best of times of being political operatives, have nevertheless decided to bring the worst aspects of Washington lobbying to New Zealand by raising money to buy spin, to twist your arm to vote yes for cannabis in September.The question is, who’s funding them?They say for a start that the government money they get isn’t being used. But of the money that’s being donated, who is it from? And how much is it? And most importantly, why don’t we know? And if we did, would it potentially change your mind?Here’s an irony, I bet you anything you want, that these are just the sort of people who would object to us funding governments and political parties and the way they’re funding their campaigns with few rules and little disclosure.If you have to disclose anything over $15,000 for a political party, why not a referenda?Here’s my guess, at least some of the money will be coming from corporates who see profit in legalising dope. Those who gain most, will be finding the opportunity to profit the most. Show me I am wrong. And do those that stand to profit have our health interests at heart? Or their bottom lines? And if they’re so above board and open with their views, ideas, and plans, why on earth aren’t they out there telling us who they are, and what they’re stumping up?Nothing wrong with a vote. Democracy is good, ideas are good, and debate is good. But you debate with those you can see. We currently can’t see who they are.The entire campaign is run under the name of the Drug Foundation. We have no idea who’s behind him. Why not? And if it was a corporate who had given a small fortune, what would your view be then?READ MORE: read more

Yusuf Recalls Ideye, Omeruo, Others for Friendlies

first_imgThe 27-year-old scored 10 times for Olympiakos in the Greek Super League as they won the title this season. He also provided three assists.There are also recalls for Leon Balogun, Kenneth Omeruo and William Troost-Ekong.Yusuf has also called up under-20 captain Musa Muhammed, Gbenga Arokoyo, Raheem Lawal, Kingsley Madu and Chidozie Awaziem.Nigeria captain John Mikel Obi, goalkeeper Carl Ikeme, Victor Moses, Moses Simon, Aaron Samuel, Alex Iwobi and Elderson Echiejile are also included in the squad.The Super Eagles play Mali in France on May 27 before facing Luxembourg on June 1.THE 26 PLAYERSGoalkeepers: Carl Ikeme (Wolverhampton Wanderers, England); Daniel Akpeyi (Chippa United, South Africa); Ikechukwu Ezenwa (Sunshine Stars)Defenders: Abdullahi Shehu (Uniao da Madeira, Portugal); Musa Muhammed (Istanbul Basaksehir, Turkey); Elderson Echiejile (AS Monaco, France); Kingsley Madu (AS Trencin, Slovakia); Kenneth Omeruo (Kasimpasa SK, Turkey); Leon Balogun (Mainz 05, Germany); Gbenga Arokoyo (Gaziantepspor, Turkey); William Troost Ekong (Haugesund FC, Norway); Chidozie Awaziem (FC Porto, Portugal)Midfielders: Ogenyi Onazi (SS Lazio, Italy); John Mikel Obi (Chelsea FC, England); Kelechi Iheanacho (Manchester City, England); Wilfred Ndidi KRC Genk, Belgium); Raheem Lawal (Osmanlispor FK, Turkey); Etebo Oghenekaro (SC Farense, Portugal)Forwards: Ahmed Musa (CSKA Moscow, Russia); Moses Simon (KAA Gent, Belgium); Victor Moses (West Ham United, England); Odion Ighalo (Watford FC, England); Alex Iwobi (Arsenal FC, England); Aminu Umar (Osmanlispor FK, Turkey); Aaron Samuel (CSKA Moscow, Russia); Brown Ideye (Olympiakos FC, Greece)Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Brown Ideye will return to international football with Nigeria after he earned a call from the country’s interim head coach Salisu Yusuf, for the warm-up games against Mali and Luxembourg.The Olympiakos forward has been frozen out of the Nigeria men’s national team for more than two years.Yusuf explained that the coaching crew took time to decide on the choice of Ideye and the other 25 players for the international friendly matches.“There are lots of good players out there but we have picked 26 that are very good to represent the country,” he told read more

Installation of Enyimba Stadium Pitch Begins

first_imgHe said it is his desire is to see Enyimba return to their fortress when the CAF Confederations Cup resumes after the World Cup.Enyimba would on July 17, two days after the World Cup final host Ivorian side Williamsville FC in the CAF Confederations Cup.Egbe commended Abia State government for its commitment to see the project realised.“Gov Ikpeazu is keen to see Enyimba back home and we would on our part do our best to see that the job is completed in a matter of weeks,” Egbe said.Monimichelle has been getting accolades over the job it did at the Samson Siasia Stadium in Yenagoa.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram The contractor handling Enyimba Stadium, Monimichelle has started the final phase of the job at the arena with the installation of the pitch.The CEO of Monimichelle, Ebi Egbe, confirmed yesterday that his Nigerian workers have started the installation job, while the expatriates would fly into the country this weekend from Italy.“As we speak, we have moved to site to start installation of the geo-tech pitch. We have cleared the consignment from Onne Port and ready to get the job completed,” Ebi Egbe said.last_img read more