Avoiding executive retirement savings challenges

first_img continue reading » Plan design restrictions. Some new hires are required to finish a year of service before they become eligible to join the employer-sponsored 401(k) plan. According to Investment News, the U.S. Government Accountability Office estimated that being ineligible to save in a new employer’s plan for a year may result in $411,439 less in retirement savings. Sponsored by CUNA Mutual Retirement SolutionsEven as highly paid employees, credit union executives can face three challenges to saving enough to fund their retirements:401(k) limits. The IRS imposes a limit of $18,000 for 401(k) plans. This may prevent highly compensated employees from saving enough to have a retirement income near the 60 percent of their final salaries that is recommended to avoid a drop in their standard of living. 15SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Non-discrimination test failures. Non-safe harbor 401(k) plans require annual testing to prove they don’t unfairly favor highly compensated employees. Failing this non-discrimination test can result in higher income taxes and fewer retirement savings for affected employees. According to judydiamond.com, $820 million in 401(k) contributions had to be returned to highly compensated employees in 2015 when over 54,000 401(k) plans failed non-discrimination testing. The affected executives then had to pay income tax on their returned contributions.last_img read more

The “Vacation never closer” campaign is a new project of the Zagreb County

first_imgThe diversity of offerings and styles of local vineyards represents a great wealth, but winemakers are aware that they are strongest when they are harmonious and united. This part of Bregovita Hrvatska is often overshadowed by the more famous and touristically advanced wine regions of Croatia, so it is worth reminding the inhabitants of Zagreb that they do not have to go far in search of top wines.  “Vacation never closer” campaign “As part of the campaign “Vacation never closer” which is yet to be implemented, our goal is to promote wine roads, the quality of local products from our family farms as well as rural accommodation. The emphasis is precisely on multisectoral connections and to show how it is still possible to create a value chain in tourism.”Concludes Alilović. Among the most successful projects, county brands stand out – such as the Kingdom of Zelina and the Portuguese Plešivica. There are also three wine roads – Samoborska, Plešivička and Zelinska, while in the Ivanićgrad region bordering Moslavina, there is a “Land of Scarlet”. The season of spring and warm days is usually the time when the demand for wines grows and the market is filled with fresh vintages. But in these difficult and uncertain times, it will not be easy for anyone, so supporting small local producers means more than ever. Precisely on that, through promotion and one of its stories, the Zagreb County Tourist Board started to actively promote and develop its wine story, but the coronavirus pandemic stopped or prolonged the planned campaigns and projects. “I believe that in the future more intensive cooperation between manufacturers and those who offer finished products to guests is necessary. In fact, it should be an imperative. ” emphasizes Ivana Alilović, director of the Zagreb County Tourist Board, and adds that the “Vacation never closer” campaign will soon be launched with this goal in mind. As the first activity before the start of the campaign, a video was published with four local winemakers from Plešivica, Moslavina and Zelina, in which the winemakers themselves turned from their natural environment and invited guests to get to know their stories through their wine. The increasingly developed and high-quality wine scene is one of the main tourist and economic assets of the Zagreb County. It is through the eno-gastro tourist contents of the Zagreb County Tourist Board that it sees its opportunity in positioning itself as an ideal weekend destination for the inhabitants of Zagreb as the primary market. The green Zagreb ring is ideal as an escape from the city crowds and stress, and which offers a lot of quality content, all half an hour from the center of our capital. By the way, the vineyards of Zagreb County belong to the wine region Bregovita Hrvatska. Five vineyards (Samobor, Plešivica-Okić, Svetojan-Slavičko, Krašičko and Ozalj-Vivodin), harmoniously connected by climate and soil, make it one of the most picturesque and beautiful wine-growing subregions in Croatia. However, as the crisis and opportunity, so a month ago, while everyone was following the course of the epidemic from day to day, the Zagreb County Tourist Board in cooperation with well-known local winemakers launched a positive avalanche through a “prize game” on its official Facebook page. to which participants are given the opportunity to win a bottle for the Easter table. At that moment where everything was gray and negative, one small action caused an avalanche of positives and a great reaction from both the winemaker and the followers on social media. Although we are a tourist country, unfortunately we use very little resources of the continental and rural part. Now is the opportunity to get to know Beautiful and our green Croatia.last_img read more

Arsenal legend Nigel Winterburn pours doubt over Matteo Guendouzi joining Barcelona

first_img Metro Sport ReporterThursday 9 Jul 2020 3:20 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link272Shares Comment Arsenal legend Nigel Winterburn pours doubt over Matteo Guendouzi joining Barcelona Advertisement Arsenal midfielder Matteo Guendouzi has been linked with a move to Barcelona (Picture: Getty)Arsenal legend Nigel Winterburn has explained why he doubts Barcelona will sign Gunners midfielder Matteo Guendouzi this summer.Guendouzi, who joined Arsenal in 2018 from Lorient, has been strongly linked with a move away from the Emirates after a bust-up with manager Mikel Arteta.Barcelona have been named as potential suitors for Guendouzi but Winterburn believes the 21-year-old would need to improve ‘hugely’ to play for the Spanish giants.Asked about the reports linking Guendouzi with Barcelona, Gunners legend Winterburn told bookmakers.co.uk: ‘I think there would need to be a huge improvement in Guendouzi’s game for Barcelona to be willing to take him.AdvertisementAdvertisementADVERTISEMENT‘He’s a young kid who’s made big improvements but there’s a long way to go, so that would surprise me if it turns out to be true.‘Arsenal wouldn’t just let him go easily even if they do decide to sell him, it would need to be a substantial fee, so would Barcelona think he’s worth the risk?‘If the price is right, maybe, but it seems like a bit of a long shot to me.’ Wolves 0-2 Arsenal: Mikel Arteta press conferenceTo 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 9:54FullscreenWolves 0-2 Arsenal: Mikel Arteta press conferencehttps://metro.co.uk/video/wolves-0-2-arsenal-mikel-arteta-press-conference-2204672/This 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.Guendouzi was left out of Arteta’s Arsenal squad for their 1-1 draw with Leicester City on Tuesday evening.Speaking after the match, Arteta said: ‘We lost two points. I think we deserved to win the game.‘But when you have the chances you have to kill them. Three- or four-nil and the game is over. We had to play a long time with 10 men.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Thierry Henry hits back at Tottenham manager Jose Mourinho over Arsenal jibeMORE: Dani Ceballos drops hint over extending Arsenal loan Advertisementlast_img read more

Mandate roundup: Pension Protection Fund, ECB

first_imgThe UK’s Pension Protection Fund (PPF) plans to appoint a global custodian in the next 12 months, according to an official notice.The pensions lifeboat scheme said it intended to award a contract for the provision of global custodian services in the next 12 months and that the procurement process was expected to start at the end of August or later, in a prior information notice on the TED EU tender service.The PPF said the core service requirements were likely to be the provision of custody and investment accounting services incorporating global custody and investment accounting, including administration of alternative investments such as property, private equity and OTCs across a range of funds and segregated mandates. Additional services required include performance measurement, post-trade compliance monitoring, securities lending, collateral management, passive currency overlay, foreign-exchange hedging and derivative servicing.  The fund said there may be future requirements for supporting asset growth, and one option was self-trading with middle office activities.The PPF said it was now in the process of preparing specifications for the services, and that firms interested in tendering should register with its dedicated tender portal.Meanwhile, the European Central Bank (ECB) is looking for a firm to provide actuarial services, according to contract notice on TED.The ECB issued an invitation to tender for the provision of various services to its Directorate General Human Resources, Budget and Organisation, which administers the bank’s pension arrangements – the ECB retirement plan and the ECB pension scheme.The services required included an annual actuarial valuation for the financial years 2015-17 of the assets and liabilities of the ECB pension arrangements and other benefits, a funding valuation for 2015-17 of the ECB pension arrangements as well as actuarial advice on a broad range of issues.The contract is to start at the beginning of February 2015 and run until the start of February 2018.Tenders will be opened on 13 August, according to the contract notice.last_img read more

Buyers go wild for the western suburbs

first_imgAn undated aerial image of Ipswich, which is part of booming western corridorBut Brisbane has not been completely immune to the national drop in housing values, which has been most acutely felt in the southern capitals.The city’s top five suburbs with the largest annual fall in dwelling values have also been identified, with Carole Park (Ipswich) also recording the biggest drop — down 19 per cent.Rounding out the top five were Coopers Plains (-9.2%), Eagle Farm-Pinkenba (-9.1%), Logan Central (-8.9%) and Fig Tree Pocket, which was down 8.6 per cent.Mr Kusher said the Brisbane regions with the greatest falls in values were more varied, with some emphasis around areas with a mix of residential and industrial land uses featuring on the list. CoreLogic research analyst Cameron KusherBy comparison, Sydney and Melbourne values have fallen by 10.9 and 10 per cent respectively, the research revealed.Oliver Hume national head of research George Bougias said southeast Queensland, and Queensland overall, had all of the fundamentals for growth.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoGeorge Boudias From Oliver HumeHe said the western corridor, in general, offered affordability and better value for money in terms of price per square metre — an attractive quality for families and first home buyers.“It has also come off a lower base,” he said, predicting the area would likely become one of Australia’s top performers for land sales and growth going forward.The region is already a hot spot for developers constructing new housing estates.Ray White Ipswich agent Aidan Wales, who has been operating in the western corridor for 30 years, said improvements in public transport and infrastructure were behind the growth in the region.He said the region was “very much an owner occupier market”.Of the regions analysed by CoreLogic, only Brisbane, Adelaide, Perth, Hobart and Canberra produced five suburbs with solid growth.By comparison, both Sydney and Melbourne had only two growth suburbs, with the other three top performers recording declining values. And it even has a pool on its 886sq m block. The top performers in the Sydney region were Blue Mountains — North (up 1.1%) and Wentworth Falls (0.1%), while Melbourne recorded growth of just 2.2 pet cent followed by Braeside with 0.5 per cent. Situated on a huge 2507sq m block, this three bedroom house is on the market for $549,000, and even that price is negotiableJust one suburb over, Karana Downs, which is in the Brisbane City Council region, recorded growth of 6.4 per cent, earning it the second spot in the city’s top five performers.Rounding out the top five were Brookfield-Kenmore Hills (Brisbane), Ipswich — North (Ipswich) and Riverhills (Brisbane), according to property data firm CoreLogic. Located in one of Brisbane’s million-dollar suburbs, this house 12 Westminster Court in Brookfield is a relative bargain, with the vendors seeking offers over $895,000 This grand old lady at 25 Canning St at North Ipswich could be yours for $375,000 All of the top five suburbs for dwelling value growth are in the western suburbs, and have recorded growth between 5 per cent (Riverhills) and 6.7 per cent (Karalee-Barellan Point).Median house values in the top performing suburbs ranged from $307,500 (North Ipswich) to $1.1 million (Brookfield), with Barellan Point, Karana Downs and Riverhills cheaper than the Greater Brisbane median house value of $531,000.CoreLogic research analyst Cameron Kusher said dwelling values in the Greater Brisbane region overall were marginally down over the past year, falling by 1.9 per cent. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:50Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:50 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis 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.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenDifferences between building in new or established estates01:50BRISBANE’S western suburbs have emerged as the city’s top performers for house price growth.Karalee-Barellan Point in the Ipswich City Council region recorded the greatest annual change in dwelling values, rising 6.7 per cent in the 12 months to April.last_img read more

ABOUT TURN: TT top cop now wants probe of bribery allegations against Warner

first_img Share 54 Views   one comment Share Share NewsRegional ABOUT TURN: TT top cop now wants probe of bribery allegations against Warner by: – June 11, 2011center_img Sharing is caring! Tweet PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago police say it will approach the world’s football governing body, FIFA, for information in relation to bribery allegations made against its suspended vice president, Austin Jack Warner, who is also a senior government minister here.In an apparent about turn from a previous decision not to initiative investigations into the matter that has gained widespread coverage, the police in a statement said that while it has not received any official report by any member of society on the allegations “it is our intention to write to FIFA requesting any information which they may have in their possession which may afford us the opportunity of commencing any investigation/s into any alleged criminal activity within our jurisdiction”.Earlier this week, Police Commissioner Dwayne Gibbs said that law enforcement authorities here would not investigate the allegations made against Warner, who is also the Minister of Works and Transport, and former FIFA presidential candidate Mohamed Bin Hammam.Both men were suspended by the international football organization after they were accused of offering US$40 000 to national associations of the Caribbean Football Union (CFU) at a meeting in Trinidad on May 10 and 11, in return for their votes in the FIFA presidential election on June 1.Both men have denied the allegations and Warner has dismissed calls for him to step down from his ministerial post pending the outcome of the investigations by FIFA’s Ethics Committee.He has also received the backing of Prime Minister Kamla Persad Bissessar, who said he remains innocent until proven guilty.Opposition Leader Dr. Keith Rowley has already warned that the main opposition People’s National Movement (PNM) is giving Gibbs, a Canadian national, five days to reverse his “untenable” position.“Persons have admitted to making money available and making payments in Trinidad and Tobago to Caribbean Football Union officials,” Rowley said, adding “we have information that suggests we should enter into some sort of criminal investigation. There are a lot of allegations coming through the media”.Rowley said that Gibbs had adopted an “irresponsible position which was tantamount to a dereliction of duty”.He said should the Police Commissioner, who is on a contract, fails to begin the probe, a formal complaint would be made to the Police Service Commission (PSC).In the statement, the police sought to assure the public that “there is no dereliction of duty by the Commissioner of the Police.“The public is hereby advised that to date, there has been no official report made by any member of society, neither has there been any official report made by any official of the Federation International of Football Association (FIFA) with regards to any alleged criminal conduct offered within Trinidad and Tobago by any named individual or individuals.“In the circumstances, it is impracticable to commence any criminal investigation into any alleged criminal conduct based on reports carried by the media.”The statement also makes reference to the allegations by the opposition that at least one million US dollars had entered the country without proper documentation.“With respect to the alleged US$1 million, the Comptroller of Customs has jurisdiction over this matter as the Exchange Control (Import and Export) Order and the Exchange Control Act provides Customs with the Authority.“Specifically clause (3) which states: “There shall be exempted from the provisions of section 22(1)(b) of the Act the importation into Trinidad and Tobago by traveller on his person or in his baggage of foreign currency notes which are or have at any time been legal tender in any country to the extent of US$5,000 currency in value.”Former junior national security minister Fitzgerald Hinds, who had written to Gibbs on the bribery allegation, said he was pleased with the decision by the Police Commissioner to launch the investigation. “We (Opposition) are happy that the Police Commissioner has recanted from the comfortable position he had previously taken. He is beginning his inquires by making a request to FIFA…That is a good place to start,” Hinds said.On Friday, the President of the Police Second Division Social Welfare Association, Anand Ramesar publicly disagreed with the position adopted by Gibbs saying he found “ the comments by the Commissioner a bit confusing in the sense that on one hand he is saying there will be a proactive approach to policing so that when one looks at the process of investigations an investigation is generally triggered by a complaint and there is no requirement for evidence at the case of the complaint”.last_img read more

THE YEAR IN PICTURES: GSA girls win state cross-country title

first_imgBLUE HILL — The George Stevens Academy girls’ cross-country team had the finest season in program history in 2016, winning the Class C state title in Belfast.The Eagles, who were led by the trio of Eliza Broughton, Zeya Lorio and Mary Richardson, edged Orono by nine points in the state championship meet. It was the first state title for any girls’ team in school history.“We battled a lot of injuries all year, and [the state meet] was one of the first times we had the entire team together healthy for a meet,” coach Erich Reed said. “It was no coincidence that we put together our best meet that weekend.”John Hassett won the Class C state title at the individual level with a time of 15 minutes, 56 seconds. Elsewhere in Hancock County, MDI’s Tia Tardy finished second in Class B. She committed to Bucknell University in November.This is placeholder textThis is placeholder text“There were a lot of strong runners all across the county this year,” Reed said. “We had a great year, but so did a lot of other schools in the area. Ellsworth is a strong, young team, and MDI was really experienced.”GSA could very well be in the running to add another title next season. The Eagles will return Broughton, Lorio, Richardson, Tess Williamson and Mary Brenna Catus. Those runners regularly rounded out the team’s top five this season.“I’m ready for another exciting year,” Reed said. “We have so many of our talented runners coming back, and it’s going to be another special group. It’s an exciting time for cross-country in Hancock County.”last_img read more

Kidambi Srikanth, Sameer Verma crash out of Hong Kong Open

first_imgKowloon: Indian shuttlers Kidambi Srikanth and Sameer Verma lost their respective men’s singles quarter-final matches to bow out of the Hong Kong Open here on Friday.The fourth seed Srikanth lost to eighth seed Kenta Nishimoto of Japan 21-17, 21-13 in straight games while Sameer went down to local player Lee Cheuk Yiu.Srikanth never looked in contention as the Guntur player was struggling right from the start in a match which finished in 44 minutes.In both the games, his opponent was better in all departments of the game.In the other match, Yiu edged past Sameer 21-15, 19-21, 21-11 in a marathon match of an hour and 13 minutes.After losing the first game, Sameer bounced back in second game through some brilliant work but in the third game his opponent raced away with the points and clinched the game with ease to enter the semi-finals.With this result, India’s campaign at the Hong Kong open ended. IANSAlso Read: Sports Newslast_img read more

Juventus loses 2-1 at Udinese, fails to secure Serie A title

first_imgIt could even be crowned earlier, if Atalanta loses at AC Milan on Friday and Inter fails to win at Genoa on Saturday.The points could prove crucial for Udinese as it went seven points clear of the relegation zone, with three rounds remaining.Juventus knew a victory at Udinese would secure the title as the Bianconeri hold the tiebreaker over Atalanta courtesy of a better head-to-head record.It seemed to be going to plan for Juventus when it took the lead three minutes before halftime. A defensive header out came straight to De Ligt and he took one touch before firing powerfully into the bottom left corner.However, Nestorovski leveled seven minutes after the restart when he headed in Ken Sema’s cross. Both sides struggled to create clear scoring opportunities but, just as it seemed headed for a draw, Fofana burst downfield from near the halfway line and slotted past Wojciech Szczęsny.___More AP soccer https://apnews.com/Soccer and https://twitter.com/AP_Sports Associated Press July 23, 2020center_img Share This StoryFacebookTwitteremailPrintLinkedinRedditMILAN (AP) — Juventus missed a chance to clinch a record-extending ninth straight Italian league title as it lost 2-1 at relegation-threatened Udinese on Thursday.Ilija Nestorovski canceled out Matthijs de Ligt’s opener and Seko Fofana grabbed the winner in stoppage time to keep Juve’s celebrations on ice.Juventus remained six points clear of second-place Atalanta and can secure the title with a win over Sampdoria on Sunday. Juventus loses 2-1 at Udinese, fails to secure Serie A titlelast_img read more