Two more firms fold their final salary pension plans

first_imgMarks & Spencer and Whitbread are the latest large employers to revealplans to axe their final salary pension schemes. M&S has announced a review of its pension fund benefits and is planningto stop the existing scheme, which has 59,000 members, within the next fewmonths. The company has not yet decided what type of pension will replace itsnon-contributory final salary scheme. M&S spokeswoman Jane Low said the firm had taken the decision to reviewpension provision to reduce its fund liability and provide more protectionagainst investment performance. She stressed that none of the 40,000 members in the existing scheme will beaffected, and the options will only be offered to new recruits. The Whitbread group is set to reduce its pensions bill by closing its £1.2bnsalary-linked scheme on New Year’s Day and offer new staff the choice of apurchase scheme or stakeholder pension. The group hopes this will reduce company contributions to as little as 3 percent of salary – down from 10.9 per cent under the current scheme. Whitbread spokesman Jeremy Probert said, “A money purchase scheme ismore suited to our company because we have a lot of young workers and peoplewho are not exactly transient, but who don’t necessarily stay forever.” The measures are also in response to tough FRS 17 accountancy rules whichforce firms to take the full cost of pensions into their yearly accounts. Lloyds TSB and Sainsbury’s have already closed their final salary schemesdue to concerns over this potential cost burden. By Phil Boucher Comments are closed. Related posts:No related photos. Previous Article Next Article Two more firms fold their final salary pension plansOn 4 Dec 2001 in Personnel Todaylast_img read more

Widespread persistent thickening of the East Antarctic Ice Sheet by freezing from the base

first_imgAn International Polar Year aerogeophysical investigation of the high interior of East Antarctica reveals widespread freeze-on that drives substantial mass redistribution at the bottom of the ice sheet. Although the surface accumulation of snow remains the primary mechanism for ice sheet growth, beneath Dome A, 24% of the base by area is frozen-on ice. In some places, up to half of the ice thickness has been added from below. These ice packages result from the conductive cooling of water ponded near the Gamburtsev Subglacial Mountain ridges and the supercooling of water forced up steep valley walls. Persistent freeze-on thickens the ice column, alters basal ice rheology and fabric, and upwarps the overlying ice sheet, including the oldest atmospheric climate archive, and drives flow behavior not captured in present models.last_img read more

HSC-25 Helps Rescue Stranded Boaters near Rota

first_img View post tag: Boaters View post tag: News by topic Sailors from Helicopter Sea Combat Squadron (HSC) 25, U.S. Coast Guard Sector Guam and rescue crews from Rota recovered three stranded boaters a mile offshore near the village of Songsong Feb. 3.The 20-foot vessel was operating in 10-foot seas when its engine failed around noon. Due to surf conditions, a rescue vessel from Rota was unable to immediately rescue the stranded boaters. A Navy MH-60S helicopter from HSC-25 was launched from Andersen Air Force Base, Guam, and reached the vessel within 30 minutes of receiving the call to act as on scene commander. Once in the vicinity, the helicopter crew determined the best course of action was to monitor the boaters until a rescue vessel could arrive.After about an hour and a half, the seas calmed down enough for a Rota rescue vessel to tow the stranded vessel in. The HSC-25 crew credited good communication between HSC-25, Coast Guard Sector Guam and the rescue units from Rota for the recovery.The incident was the fourth search and rescue executed by HSC-25 personnel this year.HSC-25 is the Navy’s only forward-deployed MH-60S expeditionary squadron. As a part of Helicopter Sea Combat Wing Pacific, it provides an armed helicopter capability for U.S. 7th Fleet in support of logistics, search and rescue and humanitarian assistance missions.HSC-25 is also the only squadron that maintains a 24-hour search and rescue and medical evacuation alert posture, directly supporting the U.S. Coast Guard and Joint Region Marianas.[mappress mapid=”15065″]Image: US Navy View post tag: HSC-25 View post tag: Rota HSC-25 Helps Rescue Stranded Boaters near Rota View post tag: Stranded Authorities View post tag: helps View post tag: Navy View post tag: Naval View post tag: rescue Back to overview,Home naval-today HSC-25 Helps Rescue Stranded Boaters near Rota February 6, 2015 Share this articlelast_img read more

Wednesday to Bring Relief From Storms and Heat

first_imgA couple lines of storms rolled over Ocean City on Tuesday afternoon bringing short bursts of heavy rain and intense lightning, and the threat continues into the early evening.A cold front is pushing the storms across the region, and Wednesday is expected to be cooler and less humid. The National Weather Service forecast calls for a mostly sunny day with a high near 76 degrees.An east wind could further cool the air and likely will bring in some warmer ocean water. The temperature in the surf on Tuesday in 68 degrees.The break in the weather could be short-lived. The NWS forecast calls for showers to return on Thursday, before the skies clear for the start of the weekend.The Tuesday afternoon downpours coincided with a low tide. The volume of water falling in a short period flooded some streets, but they were able to drain more quickly. And sun and blue sky returned soon after the storms passed.Tropical Storm Bill — the second of the 2015 season — made landfall in Texas. Its rainy remnants could possibly reach New Jersey by Father’s Day on Sunday. The tropics are otherwise quiet. A front moves in over Ocean City late Tuesday afternoon (June 16) and brings heavy downpours and lightning.last_img read more

Taking the Harvard Corporation’s temperature

first_imgIt has been a busy six months since Bill Lee became the senior fellow of the Harvard Corporation, one of the University’s two governing boards. Busy and productive, Lee said last week, citing The Harvard Campaign chugging along toward its $6.5 billion goal, the University reporting essentially a break-even result in last year’s budget, President Drew Faust embarking on a campaign to make the “case for college,” and the opening of the dramatic new home for Harvard’s art museums. The Gazette sat down with Lee ’72, a former Harvard Overseer, to get his thoughts about his time as senior fellow, the University’s progress during that period, and the challenges and opportunities ahead for Harvard. GAZETTE: How has the University done in your first six months as senior fellow?LEE: Thanks to so many others, it’s been a terrific six months, with the University moving forward in important ways. The capital campaign is moving ahead robustly. As of the end of September, we’re at $4.8 billion.The Steve Ballmer gift to SEAS [School of Engineering and Applied Sciences] sends an important message: a 50 percent increase of the computer science faculty over time. The Chan family gift to the School of Public Health is a huge step forward. We think it puts the School in position to look forward as the leading public health school in the world. What it means for public health, pandemics, health care systems, health care generally, is really enormous.We’ve taken steps to affirm the importance of the humanities to a liberal arts education that brings together elements of the natural sciences, social sciences, and the humanities.The art museums’ reopening was just wonderful. The fact that these marvelous museums with these marvelous collections are available again, in a building that recognizes the special nature of a university museum and also reaches out to the community, is critically important.The fact that we won the Harvard-Yale game for the eighth year in a row is important for those of us who were athletes when we were here.And then, Drew’s use of the Harvard president’s unique position to speak of broader issues, to emphasize — to use [Harvard College Dean] Rakesh Khurana’s term — the difference between transactional education and transformational education, has been a real positive step forward. She did it with high school students in Dallas, the right audience at the right time to get the right message.GAZETTE: How important is it that somebody prominent like Harvard’s president make the case for college these days? Why is that even needed?LEE: I think it’s critically important. Our own government has suggested evaluating education by the short-term economic returns of your first job. That’s not the way to judge the quality of a college education, and it’s certainly not the way to judge whether education has put you in a position to have an interesting, challenging, and engaging career, and a fulfilling life over a long period.Following the 2008 economic crisis, the value of a broad liberal arts education is a question on people’s minds more than it has been for some time. So affirming that such an education is important, no matter what your discipline, is especially critical now.GAZETTE: To go back to the campaign, what’s your sense of its progress?LEE: The success to date has been spectacular and, candidly, better than we could have hoped for. But it’s the breadth of interest in the campaign, the number of people who are giving to the campaign, our ability to raise contributions for Schools like the School of Public Health or the Ed School or the Divinity School — traditionally greater challenges because of the nature of their alumni body — that have been really encouraging.What it says, at least to me, is the great strength of Harvard is the breadth, depth, and unique combination of our Schools and the College. And to the extent that the campaign can ensure that all of them will be strong financially and intellectually, we’re going to achieve a lot.GAZETTE: Why are people motivated to give to Harvard?LEE: Some people recognize that there is an economic challenge in higher education today. We’re in a time when education funding is being challenged, and the financial model of higher education is being re-evaluated.Perhaps more important is that people who give gifts like the Chan gift recognize that they’re not just giving to Harvard, they’re giving so that Harvard’s faculty, its students, its staff make fundamental changes in the world, for the benefit of people around the world.I said at the launch of the [Chan] gift that it will affect hundreds of faculty, thousands of students, but, more importantly, millions of people. So in many ways, a gift like that is not a gift to Harvard, but a gift that enables a means to a broader end.The same is true of gifts to financial aid. You’re not giving to Harvard so that it can be wealthier; you’re enabling students to come here who otherwise wouldn’t have the opportunity to have an education like the one we offer. And when those students leave, they do great things. I think that’s what people recognize.GAZETTE: The University posted a surplus in the past fiscal year, albeit only $2.7 million on a $4 billion budget. Does that mean troubled times are over?LEE: There are strong financial headwinds for any University today. Looking into the future, there will be some challenges we can anticipate — decreased federal funding — and some we can’t.That means responsible fiduciary stewardship is going to be more important than ever. Annual surpluses and deficits are actually not always the best indicators [of how we’re doing], because there will be deficits some years, surpluses others. The question is whether, over a longer period of time, we can provide the right broad financial foundation for Harvard.At the Corporation, we think about things this way: The University has four different types of capital. We have intellectual capital, we have reputational capital, we have physical capital, we have financial capital.You could say that the two most important are the intellectual capital and reputational capital. But a key part of the Corporation’s responsibility is to ensure that the physical capital — like House renewal — and the financial capital are strong, dynamic, and robust so that you can have the intellectual and reputational capital that really define the University.GAZETTE: What other challenges do you see in the future?LEE: As you look out 50 years, what does the rise of the digital domain mean for education on campus? What does it mean for education off campus? Who are the students we’re educating? Only those admitted to Harvard or the broader world? That is a big challenge.A related challenge is: What are we going to do over the next 25 years to make being educated as a member of the Harvard community in Cambridge or Boston so unique and so important that it is worth the time and money to come here to experience it?A third challenge is: What does it mean to be a university in a global context? Are we an American university with global aspirations? Are we a global university that happens to be situated in America? Those are important questions as well.GAZETTE: How have the recent governance reforms, which expanded the size of the Corporation and instituted a new committee structure, changed your job, your workflow?LEE: I think the reforms have been a real success, though I have to tell you I was an advocate for them, so I have a bias.They’ve been a success for this reason: If you look at the breadth of expertise on the [expanded] Corporation today, it’s really quite impressive. We have accomplished academics, accomplished university presidents, people who know and care about the sciences and the humanities. We have CEOs of corporations, nonprofit leaders, people who’ve served in government, people who know finance and technology and law. There’s a breadth and depth of experience that allows us to really help the president as she thinks through the thorny issues that Harvard confronts and the opportunities in front of us.The committee structure is one of the real strengths of the governance reform, in part because it has allowed us to bring non-Corporation members into our deliberations and benefit from their thinking.To give you an idea, the Corporation begins meeting at 7:30 a.m. on Mondays and goes straight until 6. The entire morning is committee meetings. So there’s a huge amount of work that’s getting done in the committees. And we’ve been working hard to ensure we have the right things on our agenda and the right information for us to play our role as well as we can.last_img read more

Connecting the Modern Data Center with the New EMC Connectrix MDS-9718

first_imgKey Benefits A design for growth and consolidation  – EMC’s enterprise and cloud customers can deploy the MDS-9718 to grow, consolidate, converge and simplify operations. The high performing, multi-protocol MDS-9718 supports Fibre Channel and 40 GigE Fibre Channel over Ethernet (FCoE) today.Investment protection –The MDS-9718 was designed as a platform for the “next decade” as it addresses the rigorous requirements of today and tomorrow’s large virtualized data centers for cloud or flash environments. In addition, the MDS-9718 has been built so customers will be able to flexibly move to line rate 32Gb Fibre Channel in the future, in the same MDS-9718 chassis installed today.Programmable director – The new NXAPI provides programmatic access to MDS over HTTP(s). This allows users to control the director using a web browser thus enabling simplified provisioning and script-based manageability. NXAPI can be leveraged to automate network functions and troubleshooting.Ease of management – The MDS-9718 is managed by the Data Center Network Manager (DCNM). DCNM, a unified management tool, manages Storage Area Networks (SAN) and Local Area Networks (LAN) providing management across the NX-OS family of devices. The new MDS-9718 also supports Power On Auto Provisioning (POAP) to automate software image upgrades and configuration. For additional reliability, POAP also provides intelligent diagnostics, network analysis tools and protocol decoding.Since 2003, EMC has been reselling and servicing Cisco MDS Fibre Channel products under the EMC Connectrix brand in the world’s most mission critical storage networking environments.  The release of the Connectrix MDS 9718 demonstrates EMC’s commitment to providing our mutual customers an enhanced storage networking portfolio to grow, consolidate, converge and simplify operations with the industry’s highest port density SAN director. Through its Connectrix brand, EMC delivers connectivity for the modern data center that enables a broad range of customer storage applications, from application environments like Oracle, SAP and Microsoft to backup, archiving, and disaster protection over distance. As customers move to all flash storage systems, it’s important to ensure that the storage network is updated to keep pace. Today we’re announcing the general availability of the new Connectrix MDS-9718, designed for the hyper consolidation requirements of the modern data center, which supports sixteen switching modules and 768 line rate 16Gb/s Fibre Channel ports. As the industry’s highest port density, “devops friendly” programmable director, it delivers both value and performance.last_img read more

Young men accuse Lincoln Project co-founder of harassment

first_imgWASHINGTON (AP) — The influential anti-Donald Trump group Lincoln Project is denouncing one of its co-founders after multiple reports that over several years he sexually harassed young men looking to break into politics. The Lincoln Project in a statement on Sunday called co-founder John Weaver, 61, “a predator, a liar, and an abuser” following reports that he repeatedly sent unsolicited and sexually charged messages online to young men, often while suggesting he could help them get work in politics. The group throughout the 2020 election cycle produced some of the most eviscerating broadsides against Trump, questioning the president and his aides’ morality and leadership.last_img read more

Holy Cross announces move out plans

first_imgIn a Saturday email to students, Dean of Students Andrew Polaniecki announced Holy Cross will begin the move out process May 6.“Beginning on Wednesday, May 6, Holy Cross is able to provide Indiana residents access to residential halls for the retrieval of belongings from dorm rooms,” Polaniecki said in the email. “Then, beginning on Saturday, May 9 all students will have access to dorm rooms.”Using a link for their residence building, students were given the option to select a day and time to retrieve their belongings.According to the email, students must inform a hall staff member of their arrival and undergo a temperature check. Students are allowed to bring one guest to the residence halls to assist with the retrieval process; any other guests must remain in their vehicle. All visitors must follow social distancing guidelines and wear masks.In an effort to minimize contact, students are required to bring their own cleaning supplies, gloves and packing supplies.“When finished, students will complete a check-out sheet, leave keys and submit a picture of the clean/empty room,” Polaniecki said. “Rooms will be inspected by Holy Cross staff each evening to ensure proper move-out and check-out policies and procedures were followed.”The College asks students who are ill or who have ill family members to stay home.“Before traveling to campus, we ask everyone to be familiar with the appropriate local, state and federal COVID-19 guidelines regarding social distancing, essential travel, public gatherings and other activities so you can make your best decision given your specific situation and location,” Polaniecki said.Tags: COVID-19, Holy Cross College, move-out, residence hallslast_img read more

Martin Keown hits back at Mesut Ozil and slams embarrassing situation

first_imgMartin Keown hits back at Mesut Ozil and slams embarrassing situation Unai Emery previews Arsenal’s Monday night clash with Sheffield UnitedTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 14:53FullscreenUnai Emery previews Arsenal’s Monday night clash with Sheffield United is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.He told talkSPORT: ‘It’s embarrassing for the football club that he is not featuring for Arsenal. He has to take a look at himself. It can’t be everybody elses fault.‘I don’t care what he’s earning to play for the club it’s an honour to play and while you are there you make your mark.‘At the moment is he setting a good example in training? As a senior player I would make sure that the youngsters would follow on.‘I would graft, I would work, give everything I could. I would be collective and help the group around me.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘I wouldn’t be talking about me. He’s looking about and saying I’m not playing now so don’t blame me.‘Well, no! It’s about the collective it’s not about you. How do we get you in the team now to get you back in the group. That’s the next step for Ozil now. The opportunity is there.‘I don’t see him saying anywhere he is desperate to play. For me, the oxygen every weekend was to be in that team and I would bust a gut and I want to see that from Ozil.’Should Arsenal sell Mesut Ozil in JanuaryYes0%No0%Share your resultsShare your resultsTweet your resultsMORE: Juan Mata hails ‘great’ Arsenal star Mesut OzilMORE: Arsenal handed boost in Dayot Upamecano pursuit after failed summer transfer bid Advertisement Comment Metro Sport ReporterFriday 18 Oct 2019 4:17 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.8kShares Arsenal legend Martin Keown has been a regular critic of Mesut Ozil (Picture: Getty)Martin Keown has told Mesut Ozil ‘he needs to look at himself’ after the Arsenal star hit out at the critics who don’t know the truth behind his situation.The former Real Madrid playmaker has been left out of the last three matchday squads altogether, despite commanding a salary of £350,000-a-week.In total, Ozil has missed over 100 games since signing for Arsenal in 2013 through a combination of illness, injury and Emery’s belief he is ill-suited to playing against certain types of opposition.In a wide-ranging interview with the Athletic yesterday, Ozil insisted he had valid reasons for missing so many games and admitted he was disappointed at the way in which he has been treated.AdvertisementAdvertisementADVERTISEMENTKeown, however, insists there is only one man who should be shouldering the blame and conceded it is embarrassing for his old club to be left in a scenario whereby their highest earner has been deemed unselectable. Advertisementlast_img read more

Unai Emery speaks out on Arsenal’s decision to appoint Mikel Arteta

first_img Metro Sport ReporterFriday 20 Dec 2019 2:45 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.9kShares Unai Emery speaks out on Arsenal’s decision to appoint Mikel Arteta Comment Advertisement ‘He has been at Arsenal before, he’s been in the Premier League and he has been working with Pep Guardiola.‘I do believe this is a good decision and I would also like it to be a good decision.’Emery, meanwhile, was recently linked with the vacant role at Everton which appears set to be filled by Carlo Ancelotti following his departure from Napoli.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalThe 48-year-old thanked Everton for their interest but insists he requires a period of reflection before he returns to the game.He added:  ‘Now is the time to go home. To be with my people, to analyse a lot. I’ll spend the next few days close to my family, with my coaches. And I’ve started doing a lot of soul searching.‘We all spoke to each other and questioned what we got wrong. There’s been interest from teams but I want to just spend some quiet time and choose the right project.‘Different teams have expressed interest. To be honest I want to thank them [Everton and others] for wanting me and I told them that I wanted to be quiet, that I need to take a little bit of air. And to choose well the next project after many years of not stopping.’MORE: Mikel Arteta outlines vision for Arsenal after being unveiled as new head coachMORE: Freddie Ljungberg in talks with Malmo ahead of Mikel Arteta’s return to Arsenal Unai Emery was sacked by Arsenal last month (Picture: Getty)Unai Emery insists Arsenal have made an excellent decision in appointing Mikel Arteta as his permanent successor.The former PSG and Sevilla manager was fired last month following a calamitous run of results which culminated in a shock home defeat against Eintracht Frankfurt in the Europa League.Arsenal confirmed on Friday that former captain Arteta would be returning to the club following a three-and-a-half year spell as Pep Guardiola’s assistant at Manchester City.Despite his status as a managerial novice, Emery believes his compatriot has all the qualities required to turn the fortunes of the north London club around.AdvertisementAdvertisementADVERTISEMENTHe told the BBC: ‘He really is prepared to make that next jump.Welcome back, Mikel! 👋Head coach of The Arsenal 👔— Arsenal (@Arsenal) December 20, 2019 Advertisementlast_img read more

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