Switzerland presents unchanged pension reform despite criticism

first_imgSwiss interior minister Alain Berset has published the final draft of the Altersvorsorge 2020 reform package without any major changes, despite widespread criticism of the plan within the local pensions industry.The reform plan covers the first and second-pillar pension system, including, among other things, an increase in the retirement age for women, a cut in the minimum conversion rate to 6% and a change in the calculation of contributions to the second pillar by scrapping the so-called Koordinationsabzug – the discount used to reduce contributions to Pensionskassen based on how much is already paid into the first pillar.But Swiss pension fund association ASIP warned that the failure to streamline the reform plans and “stress test them for their political suitability” might result in a no-vote against the draft.Left-of-centre political parties have criticised the increase in the pension age for women and the cut in the conversion rate, while conservative parties have called for faster, simpler reform. In a statement, Hans Peter Konrad, director at ASIP, called on Parliament not to reject the reform completely but rather take it into consideration.Parliament can then decide whether to deal with it as a whole or debate certain themes individually.Konrad argued that the reforms were “urgently necessary” and said the longer they were put off “the quicker and more painfully they will have to be implemented”.After the draft has been through Parliament, the Swiss people will have to decide on certain issues like the increase in the VAT to help fund the first-pillar fund AHV.ASIP said it hoped separate referendums would be held for various issues, so as not to include controversial proposals that do not need voters’ permission, such as the change in pensions for widows.Under Berset’s reform plan, only widows and widowers with children will be entitled to their deceased partners’ AHV pension from now on.In 2010, a cutting of the conversion rate failed, as a majority of voters opposed the measure.last_img read more

Eagles’ Instagram account hacked ahead of 2022 FIFA W/Cup draw

first_img Loading… Read Also: 2022 W/Cup qualifiers: Super Eagles know opponents todayAdvertisement Super Eagles suffered a huge setback after the three-time AFCON champions’ official Instagram account was hacked ahead of  the 2022 FIFA World Cup qualifiers draw. The breach came as a huge surprise to the three-time African champions who have over 230,000 followers on the social media platform. Promoted ContentBest & Worst Celebrity Endorsed Games Ever Made2020 Tattoo Trends: Here’s What You’ll See This Year8 Weird Facts About Coffee That Will Surprise YouYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeThe Best Cars Of All TimeWho Is The Most Powerful Woman On Earth?7 Ways To Understand Your Girlfriend Better10 Of The Most Powerful Women Across The GlobeThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalTop 10 Most Romantic Nations In The World13 kids at weddings who just don’t give a hoot7 Facts About Black Holes That Will Blow Your Mind Tuesday’s setback saw all of the Super Eagles’ content deleted and replaced with images from an unknown stylist and influencer reportedly based in Istanbul, Turkey. Ahead of Tuesday’s draw in Cairo, Nigeria are seeded  in Pot 1 alongside some of the continent’s heavyweights and will be praying for a favourable draw as they eye their seventh World Cup appearance in Qatar 2022. FacebookTwitterWhatsAppEmail分享 last_img read more

Our lower middle order could have done better: Virat Kohli

first_imgAdelaide: Pointing his gun at the misfiring Indian lower middle order after the hard-fought 31-run win over Australia in the opening Test here, skipper Virat Kohli on Monday urged the batters to rise to the occasion in the second Test at Perth starting from Friday.“I think our lower middle order and lower order could have done better. We could have added another 30-35 runs more which could have taken the game totally beyond Australia,” Kohli said at the post-match presentation.“So these are things that we have to think about going to Perth but if someone had told me before the series that I would be 1-0 up as soon we started the series, I would have taken it with both hands,” he added.Kohli said India could press for a win in every Test match if the batsmen put their hands up to give the bowlers a good total to defend.“Super proud (of the bowlers), to have four bowlers and take 20 wickets is a great achievement. Something that we haven’t done in the past.“Shows us that if the batsmen step up regularly, we will be gunning for a win in every Test match. Collectively we were the better team and deserved to win,” he said.Heaping praises on No.3 bat Cheteshwar Pujara for batting the team out of trouble with knocks of 123 and 71, Kohli termed it as a “priceless” effort from the Saurashtra right-hander.“Priceless from Pujara, we were down and out at lunch on day 1. His grit and determination brought us back in it.“We always knew that runs on the board would make the home side tentative. Any lead was gold and we got 15. In the second innings again, he and Rahane batted well,” he added.Asked if the team was frustrated with the spirited fight from the Australian tailenders, specially Mitchell Starc, Pat Cumming and Nathan Lyon, whose contributions down the order almost gave India a scare, Kohli said the mantra was to “stay calm”.“These things happen in Tests, ups and downs through a game. You need to just stay calm. Odds were stacked against them. They fought really well but we executed our plans well and got that last wicket which were intending to get.“I wouldn’t say I was cool as ice but you just don’t try to show it. Jasprit (Bumrah) was getting worked up in his last over but I just told him to relax,” he added. IANS Also Read: Virat Kohli surpasses world’s top athletes as the highest earner; soon to replace Dhoni!last_img read more

CRU 7s to complete pre-season games

first_imgThis is the third weekend of games for the men’s while the women’s pre-season games got underway last weekend.The first fixture for tomorrow is the men’s Pool A match between University 1 and Crusaders at 9am.Spartans and Harlequins will get things going for the women’s games which start at 10:20am.Finals for the men’s and the women’s will be held on Sunday.Tournament Coordinator, Paul Joseph said the pre-season games had gone well so far and was looking forward to another big weekend of Rugby 7s.He asked that all clubs be time conscious for games to start and finish on time.Season proper for the CRU will start on the first week of March.last_img read more