29 Sep
2020

Icelandic government takes on nursing home pension liabilities

first_imgThe agreement was made because some of the non-profit organisations that run the nursing homes had run into financial problems.A ministry spokeswoman said: “In general terms, those financial difficulties could be related to the financial crisis six years ago and its effect on Iceland’s economy.“Taking over the liabilities of the nursing homes ensures they are able to continue to provide service to their clients.”The liabilities relate to members of Division B of LSR, and of LH as a whole (LSR also runs a fully funded scheme, Division A, and an individual scheme, Division S).Both Division B and LH are defined benefit schemes and constitute a mixed system partly based on funding from accumulated contributions, and partly from supplemental contributions from public sources.The rights of fund members in these arrangements are based on their working life and the relative proportion of full-time work.Both these arrangements were closed to new members at the end of 1996.The liabilities transferred to the government amount to nearly ISK6bn (€40m).About half this amount has already been recognised as a liability on the government’s balance sheet, as the state already guarantees the pension fund liabilities in Division B of LSR, and in LH.As at 31 December 2013, the combined net assets for all LSR divisions came to ISK485bn, and for LH, ISK26bn.While the government has agreed to assume responsibility for existing liabilities, the nursing homes as employers have committed to paying their share of the liabilities, as well as paying extra pension contributions on behalf of staff members working at the homes affected, to avoid the accumulation of new debt. Iceland’s Ministry of Finance and Economic Affairs has signed an agreement with 11 nursing homes and two pension funds, transferring certain pension liabilities for the nursing homes’ employees to the state.The two funds are Lifeyrissjodur starfsmanna rikisins (LSR) – the pension fund for state employees – and Lifeyrissjodur hjukrunarfraedinga (LH) – the pension fund for nurses.The nursing homes’ employees belong to one or the other of these schemes.The liabilities include contribution increases to pensions that have been accrued in the past year but left unpaid.last_img read more

Read More
24 Sep
2020

Registration open for ‘Walk to End Alzheimer’s’events

first_imgCincinnati, Oh. — Registration is now open for the world’s largest event to raise awareness and funds for Alzheimer’s care, support and research. The Alzheimer’s Association Walk to End Alzheimer’s® is held annually in more than 600 communities nationwide including 12 locations in Indiana, calling on more than 500,000 annual participants of all ages and abilities to help reclaim the future for millions.More than 5 million Americans are living with Alzheimer’s disease, the sixth-leading cause of death in the United States and the only disease among the top 10 causes that cannot be cured, prevented or even slowed. Additionally, more than 16 million friends and family members provide care to people with Alzheimer’s and other dementias in the U.S. In Indiana alone, there are more than 110,000 people living with the disease and 338,000 caregivers.“Because of support from individuals and communities for the Walk to End Alzheimer’s, the Greater Indiana Chapter was able to provide more than 13,000 care and support services last year for Hoosiers living with the disease and their caregivers,” said Alzheimer’s Association Greater Indiana Chapter Executive Natalie Sutton. “In addition, we are working toward advancing public policy and Alzheimer’s and dementia research. Thanks to generous supporters at the 12 Indiana walks, we are able to further the Association’s mission.”Alzheimer’s Association Walk to End Alzheimer’s participants will complete a walk (lengths vary based on event location) and learn about Alzheimer’s disease, advocacy opportunities, clinical studies enrollment and support programs and services from the Alzheimer’s Association. Walk participants also honor those affected by Alzheimer’s disease with the poignant Promise Garden ceremony.Event Dates and LocationsSaturday, August 25: Liberty Park – Batesville, IndianaSunday, September 9: Central Park – Mishawaka, Ind.Sunday, September 16: City Hall Plaza – Bloomington, Ind.Sunday, September 16: Fairbanks Park Amphitheater – Terre Haute, Ind.Saturday, September 22: Jackson Morrow Park – Kokomo, Ind.Sunday, September 23: Hoosier Park Racing & Casino – Anderson, Ind.Sunday, September 23: Lake County Fairgrounds – Crown Point, Ind.Saturday, September 29: Subaru of Indiana Automotive – Lafayette, Ind.Saturday, September 29: Earlham College – Richmond, Ind.Sunday, September 30: Mill Race Center – Columbus, Ind.Saturday, October 6: Parkview Field – Fort Wayne, Ind.Saturday, October 6: Bankers Life Fieldhouse – Indianapolis, Ind.Saturday, October 6: Washington Park – Michigan City, Ind.last_img read more

Read More
22 Sep
2020

Nice to play first match of season without fans

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Nice will play their opening match of the new Ligue 1 season without spectators, in spite of government rules allowing up to 5,000 spectators in their stadium, club president Jean-Pierre Rivere said.Rivere said the decision for the match against Lens on August 23 was made for health reasons and due to the difficulties of deciding which fans would be able to attend. “We are facing a health problem. We are in a very tourist-orientated region, and there is an acceleration in the spread of COVID-19,” the club’s website quoted him as saying.“This is increasing day by day. We cannot ignore it. At a time when everyone is being asked to take more precautions, we are making the responsible choice to play behind closed doors.”Rivere said the club had tried to create a selection process to decide who could attend the match but had decided to “reverse that process”.He added: “We believe that we should not exclude anyone from our family.“Of course we are sorry that it has come to this point, we are aware that it will lead to some people being upset.” Government rules currently allow up to 5,000 people at outdoor venues.The 2019-20 Ligue 1 season was called off due to the coronavirus pandemic and Paris St Germain, the leaders at the time, were handed the title.Reuters/NAN.Tags: COVID-19First MatchLigue 1NICENo FansSpectatorslast_img read more

Read More