first_imgA proposal for a new set of figures to be reported by Swiss Pensionskassen has been rejected by the Swiss government for cost reasons.Two years ago, consultancy PPCmetrics was commissioned by the Swiss government to look into the financial figures currently reported by Swiss Pensionskassen.It was to determine whether these figures gave an indication of the true economic situation of a pension fund and which indicators might make their reports more comparable.The final report by PPCmetrics has now been published (see link below), and includes a proposal for new key figures to be reported by the Pensionskassen. The suggestion was that these would allow the supervisory authorities to devise a traffic-light system to identify and monitor those pension funds whose financial sustainability is compromised. However, the government has decided it will not make any new set of key figures mandatory.“For the government it is questionable whether the profit of a unified model would justify the costs,” it said in a press release.Lukas Riesen, partner at PPCmetrics, thought it was question of political will more than costs.“The government has decided against increased transparency,” he told IPE.He added: “The basic information for the figures we proposed is already being calculated by the pension funds – it would have been a simplification to concentrate on a few meaningful figures.”In their report PPCmetrics found that many figures currently reported by the pension funds were not really helpful.Current standard indicators like the funding level do not take into account the technical parameters applied to calculate it or the ratio of active to retired members in a fund.Riesen does not think any supervisory body will go against the government’s position by prescribing the use of the proposed new set of key indicators. “But the economic reality will force many pension funds to look at their true financial status,” he said.According to him many pension funds and also some supervisory authorities that are “taking risk management seriously” are already calculating economically true funding levels and other amended benchmark figures.“Our set of key figures takes a longer-term look at the financial situation of a pension fund both from the perspective of a provider as well as that of an active member,” he explained.Under current regulations pension funds are free to report funding levels based on any parameters they choose, but an economically true valuation would mean they have to report a lower funding level.,Supporting documents Click link to download and view these files PPC Metrics Feasibility Study (with English language summary)PDF, Size 1.49 mblast_img read more

first_img Latest Posts Hospice volunteers help families navigate grief and find hope – September 12, 2020 Mike MandellMike Mandell is the sports editor at The Ellsworth American and Mount Desert Islander. He began working for The American in August 2016. You can reach him via email at [email protected] Ellsworth runners compete in virtual Boston Marathon – September 16, 2020 Biocenter_img Latest posts by Mike Mandell (see all) SULLIVAN — Every time he takes a look around the soccer fields behind Sumner Memorial High School, Tom Hart finds another reason to be excited.As a head coach, Hart, who is in his second year at the helm of the Sumner boys’ team, is always searching for another wrinkle he can throw at opponents. With the athleticism, talent and experience the Tigers are bringing to the table this fall, he has a seemingly endless array of options.“I see a lot of different players who can bring something to us,” Hart said. “We have so many things to be optimistic about.”There certainly is no shortage of exuberance at Sumner, where players, fans, coaches and administrators are eagerly anticipating the upcoming season. With nine starters back from a unit that produced the program’s best season since 1989 a year ago, the Tigers are set to be a team to watch in 2019.This is placeholder textThis is placeholder textSumner established itself as one of Class C North’s top soccer programs a year ago, going 14-2 and reaching the regional semifinals for the first time in nearly three decades. With an average of 7.3 goals per game, the Tigers had one of the state’s most prolific offenses.The Sumner boys’ soccer team celebrates after beating Lee Academy 3-2 in last year’s Class C North quarterfinals at Del Luce Stadium in Ellsworth. Damon Warren’s goal with three seconds left in the second overtime period clinched the Tigers’ first regional semifinal berth since 1989. FILE PHOTOOne of the most memorable moments from last season came in the Tigers’ showdown with Lee Academy in the regional quarterfinals. That game saw Sumner pull out a double-overtime thriller when Damon Warren scored with just three seconds left on the clock to seal a 3-2 win and avoid a penalty shootout.“That Lee game is something I don’t think anyone involved will ever forget, and looking back on it, the whole season was incredibly special and so much fun,” Hart said. “The culture of our program really evolved and took a step forward.”Sumner will be strong in defense this year with veteran Alex Rumill in goal and defenders Dylan Bernier, Bryce Coombs and Zackary Coughlan back from last year’s squad. The Tigers conceded just 1.6 goals per game last year and held opponents to two or fewer goals in 13 of their 16 contests.The Tigers have a variety of midfield threats in Eduardo Figueroa, Silas Goldfarb and Aidan Weaver. Yet Sumner will have some rearranging to do in the midfield as it looks to replace the creativity and production of Orlando Herrera, one of the team’s top players last year.“Orlando with the ball at his feet was like somebody else holding it in their hands. The game just came that naturally to him,” Hart said. “At the same time, even though the middle of our field is still a question mark, we’re also starting to see some of those questions get answered in practice.”There are no such question marks up front, where Sumner returns Warren and Caelan Billings. Those players found the net in nearly every game last season as the leading scorers for the Tigers’ potent offense.Warren was particularly dominant last year, scoring 51 goals to break the Maine high school boys’ record for the most in a single season. This year, Hart believes the senior can be even better — even if opponents dedicate much of their game plans to stopping him.“Damon isn’t going to sneak up on anybody this year, but there are some things about his game that he realizes he can develop even more to make himself harder to track,” Hart said. “He’s working hard on things like his spacing to keep getting better. … He’s a really selfless player, and I wish people could see that about him on a daily basis.”Sumner’s Damon Warren (middle) and Bo Newenham go airborne for the ball during high school soccer practice Aug. 31 in Sullivan. Sumner’s first regular season game will be on the road against Narraguagus at 1 p.m. Saturday, Sept. 7. ELLSWORTH AMERICAN PHOTO BY MIKE MANDELLSumner’s program also boasts a strong incoming freshman class with three players, Nick Andrews, Henry Bunch and Billy Wray, earning spots on the 17-man varsity roster. After watching from the sidelines and grandstands as the Tigers’ emerged as a standout team in Class C North last year, those players will have a chance to make their own marks this season.“We have a lot of incoming freshmen who watched it last year and are motivated to keep that going,” Hart said. “Even though they weren’t a part of it themselves, they saw it up close and can add something for us.”With Washington Academy dropping down from Class B North, Orono and Houlton returning many key players from last year and Fort Kent looking to defend its regional title, Sumner will have plenty of competition come playoff time. Yet even though making a Northern Maine title run will be a challenge, the Tigers have an edge on their C North counterparts when it comes to returning talent.“We lost some important players, but looking at the rest of Class C, you have a lot of teams who have lost five or six key guys,” Hart said. “If that were us right now, I’d be going crazy.”Sumner will begin the regular season at 1 p.m. Saturday, Sept. 7, when it faces Narraguagus in Harrington. That game, the second of a boys’-girls’ doubleheader between the two schools, will follow the girls’ game at 11 a.m.After the season Sumner had last year, folks all throughout eastern Hancock County have had that date circled on their calendars for quite a while. A victory against Narraguagus, one of the Tigers’ biggest rivals, would be an ideal way for Hart’s team to pick up right where it left off late last October.“You have two school districts that are really close by, and those kids know each other really well and have played against each other for years,” Hart said. “I know our kids can’t wait to get out there Saturday and get this season started.” MPA approves golf, XC, field hockey, soccer; football, volleyball moved to spring – September 10, 2020last_img read more

first_imgTORRANCE: Judge calls William Marshall “evil” and says he should be housed in a maximum security prison. By Denise Nix STAFF WRITER William Marshall sat in court Friday staring at a black leather Bible on the table in front of him with his hands chained to his waist. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREGame Center: Chargers at Kansas City Chiefs, Sunday, 10 a.m.He never once looked up. Not when Robin Hoynes’ sisters described the hole he tore in their family by killing her 23 years ago. Not when the prosecutor reiterated how “heinous, horrible” the murder of the 21-year-old Whittier woman was at a Kentucky Fried Chicken in Torrance. And not when Torrance Superior Court Judge Mark Arnold told him he was “evil” and sent him to prison for the rest of his life without the possibility of parole. Marshall, 46, a former state Department of Forestry fire captain, did briefly glance at his family before he was led away by bailiffs. Neither Marshall, his attorney nor his family members spoke during the sentencing hearing. However, his attorney said he would appeal the conviction and sentence. A jury convicted Marshall on Oct. 5 of murder and the special circumstance of killing during an attempted robbery. On Friday, Robin’s sisters told how their lives changed with her death. They lamented the special occasions, rites of passage and everyday joys – like walks in the park and cups of coffee – they were robbed of sharing with her. Tricia Van Voorhis, who is three years younger than Robin, berated Marshall for his lack of guilt or remorse. “It is beyond my comprehension how you can do this in the first place. But how can you live with yourself after?” Van Voorhis said she hopes he spends “day after day and year after year” in his cell thinking about the pain he’s caused. Kim Hoynes, the oldest sister, recalled how her sister’s murder devastated her parents. Their father, who suffered from emphysema, committed suicide a decade later. Their mother, who now has many of her own health problems, grieved quietly. She read from a letter the family sent to District Attorney Steve Cooley in 2005 in which their mother, Ethel Hoynes, wrote: “A day never goes by that I do not miss my precious freckle-faced Robin and wish she were here.” Wendy Castaneda, the youngest sister, spoke of how she continues to grieve for her best friend. “The truth is you can never make restitution for your actions because you can never bring Robin back,” she said to Marshall. All the sisters remembered how Robin had dedicated much of her life to her church and religion. Castaneda also acknowledged Marshall’s faith as he brought a Bible to court every day. “If you truly believe and embrace the truth of the Bible ? then I have to believe that at least you’re sorry for what you did and would express that to my family.” Deputy District Attorney John Lewin noted that the anniversary of Hoynes’ death is only days away. She’s now been dead more years than she was alive, he said. “The life she lived, even in that short a time, impacted many people,” he said. Lewin said it was difficult to conceive how Marshall could selfishly plan and execute his crime against a woman he knew and who was nothing but nice to him. “It just didn’t matter. It didn’t matter to you,” Lewin said to Marshall. Marshall had worked with Robin at the restaurant until shortly before her Oct. 30, 1984, murder. The assistant manager was fired for a number of reasons, including suspicions he was stealing from the restaurant. Robin, who was alone doing paperwork after closing, let Marshall in. She was expecting him to turn in his uniform and pick up a briefcase he left behind. When she turned away from him, he stabbed her twice in the back. He tried to open a floor safe, but the combination had been changed. Before he left, he slit her throat. In the days following the crime, Marshall was seen casing a Fountain Valley Kentucky Fried Chicken where he also had worked. When he was first arrested on Nov. 10, 1984, he had two knives and gloves with him and was wearing camouflage pants and boots. The boots, which were kept by the Torrance Police Department when Marshall was released, later became a key piece of evidence in the case. A piece of foam found at the murder scene was linked to the boots. On Friday before the judge handed down the sentence, Arnold said he was “saddened” for the way Marshall “eviscerated” Robin’s close-knit and loving family and shortened a life that was bound for great things. He said the way Marshall stabbed Robin in the back was “cowardly” and he showed a “lack of humanity” by his willingness to try to commit the same crime days later. Arnold said he would recommend that Marshall be housed in a maximum security prison “in accordance with the seriousness of the crime and the level of evil he has exhibited.” [email protected] Staff writer Laura Davis contributed to this article. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

first_imgIT is without doubt one of the most spectacular hotels on this island – and Harvey’s Point has another sensational season of cabaret lined up for the summer.Often mimicked, but never equalled, the top Donegal hotel has produced yet another sensational line up.For outstanding musical entertainment, hearty laughs, culinary excellence and unrivalled hospitality set in the plush surroundings of Harvey’s Point 4 Star Hotel then the renowned ‘Dinner Cabaret’ acclaimed for its extensive variety and classic talent, is one show not to be missed this summer! This year is a fresh new production and the emphasis is on great entertainment to suit everyone, fabulous food for which Harvey’s Point is renowned and warm Donegal hospitality.The first show of the season is this Wednesday, June 29th, and continues right through until October 26th.And what a line-up!Recognised as one of the premier social events in Donegal and the North-West, guests will be enchanted by the finest talents Ireland has to offer, catering for all taste in musical entertainment. Stars include Gene Fitzpatrick, Liam Murphy, Simon Casey, Matt McGranaghan, Eugene Ginty and special guest Majella O’Donnell.Sure, where would you get it?Now in its 11th season, the renowned and long established ‘Cabaret Dinner’ will begin each Wednesday at 7pm with a gourmet 5 course meal served at 7.30pm sharp, then the hotel’s magical lighting will set the tone as the 2 hour show begins at approximately 9.45pm, promising to captivate and entertain the audience.Each entertainer guarantees a show stopping performance from instrumental at it best, singing at it most spectacular, and comedy at it funniest.The Harvey’s Point Dinner Cabaret is a must in your summer social diary and to experience this melodic evening tickets are now available with extra special packages for overnight stays. Places can be reserved by calling Harvey’s Point on (074) 9722208, e-mail [email protected] or Click here http://www.harveyspoint.com – to experience a true sense of Swiss made Irish!THE HOME OF CABARET! HARVEY’S POINT GETS READY FOR ANOTHER INCREDIBLE SEASON was last modified: June 26th, 2011 by gregShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Eugene Ginty and special guest Majella O’Donnell.gene fitzpatrickharvey’s point cabaret spectcular 2011Liam MurphyMatt McGranaghanSimon Caseylast_img read more