​Finland ‘must prepare for birth rates to hit contributions’

first_imgFurther readingCompenswiss moves to tackle mounting cashflow problem Compenswiss – the manager of Switzerland’s social security funds – has increased asset sales from CHF100m to CHF125m per month as Switzerland’s ageing population and other demographic developments raised the size of the fund’s negative cashflow problem Dwindling birth rates in Finland will put considerable upwards pressure on pension contribution rates in the future the Finnish Centre for Pensions has warned.The agency – the statutory central body of Finland’s earnings-related pension scheme – said the country must take action to prepare for this shift.It published new statistics indicating that, after the 2050s, pension contributions could rise by around 30% due to the falling dependency ratio.Heikki Tikanmäki, development manager of the Finnish Centre for Pensions, said: “The pension financing outlook is rather stable for the next few decades. The low birth rates should be taken seriously, though. Now is the time to think about how to influence the demographic development.” The centre’s projections were based on data from Finland’s national statistics institution, Statistics Finland. The data showed that the working-age population in Finland would decline between 2019 and 2085 and the share of the population aged 65 or older would continue to rise.However, the government agency said that the private sector insurance contribution under the Employees Pensions Act (TyEL contribution) could be kept under 25% until the 2050s, despite the weakening dependency ratio.It also predicted low investment returns for pension funds in the next decade of around 2.5%, rising to 3.5% afterwards, but said that the pressure to raise the TyEL contribution was still not significant.“The contribution level in the next two decades depends on the economic development,” said Tikanmäki.last_img read more

Syracuse looks to setter Wlaszczuk to maintain aggressiveness at Georgia Tech

first_imgWithout two of its top outside hitters, Syracuse needed another attacker.Blockers had intermittently stepped in offensively as head coach Leonid Yelin tinkered with lineups and positions, but one position change made before the season has proved the most fruitful.After spending the first 12 years of her career as an outside hitter, SU setter Gosia Wlaszczuk transferred her attacking instincts to become the leading Atlantic Coast Conference setter in kills. Wlaszczuk keeps opponents off balance with her attacking prowess, making herself into an additional option on the depleted offensive side.As the Orange deals with injuries, it will look to Wlaszczuk to continue to stay aggressive Friday night when SU (8-12, 1-7 Atlantic Coast) travels to Atlanta to take on Georgia Tech (9-12, 2-6) at 8:30 p.m.“When we were converting her to setter we definitely didn’t want to lose what she had as a hitter,” Yelin said.AdvertisementThis is placeholder textAt the beginning of the season, teams were not aware of her ability to tip and push balls over the net, expecting her to set her teammates. Midway through the conference season, Wlaszczuk’s attacking tendencies are no longer a surprise.While teams watched tape and studied her, she worked on finding the balance between hitting and setting.“I feel like I see the balance,” Wlaszczuk said. “Right now, it’s more about moments where it’s appropriate to let myself (hit) because there’s always a chance I will miss.”Traditionally, a setter has multiple hitters to pass to — on the sides and in the back row.But with outside hitters Nicolette Serratore and Valeriya Shaipova sidelined with injuries, Wlaszczuk has only one true outside hitter to pass to: junior Silvi Uattara.“I think we have a lot of really good hitters so every time when I’m digging the ball, I know our setter will make the right decision,” Uattara said.Wlaszczuk watches more film than any other player on the team, Yelin said, and this allows her to know whether to favor her tendency to hit against specific teams. There is never a “right” situation for the setter to go for the kill, he said. It depends on the opponent’s personnel and the situation in a game.If she sees an opening in the back corner of the court, Wlaszczuk is probably going for it herself.“I’m (a) natural hitter so obviously, all I want to do is score,” she said.When she sees opponents watching her eyes, Wlaszczuk knows she has to cut back. The self-proclaimed trickster will wait a few points, allowing the defense to relax and follow her sets.Then she goes for the kill.“When the pass is good, they don’t know who she’s going to set, when she’s going to set,” Yelin said. “She’s running this team, no question.”Early in the season, Yelin often thought Wlaszczuk was too aggressive, looking away in disgust whenever the setter missed a hit that she didn’t need to take. Now that she’s found the balance, she might be too timid.Last weekend against Louisville, Wlaszczuk went without a kill despite eight opportunities — tallying two attack errors in an Orange loss.At the end of the second set, Wlaszczuk stormed off the court while her teammates huddled, visibly upset after setting the ball for Monika Salkute and watching it drop right back down to the floor.Yelin talked with his setter after the game, reminding her to stay aggressive and not shy away from taking the game into her own hands.Said Yelin: “I said, ‘Gosia, you know your personality, hate to lose … but when the game was on the line, 24-21, you didn’t do even one thing.’” Comments Facebook Twitter Google+ Published on October 23, 2014 at 12:05 amlast_img read more

Champions League group games

first_imgLiverpool make their Champions League return tonight after three years away.Their opposition is Spanish side SevillaElsewhere in Group E, Spartak Moscow go to Maribor.Tottenham will look to banish their Wembley hoodoo, when Borussia Dortmund visit on the opening night in Group H. Photo © – pixabay The other game in that group sees Real Madrid begin their quest for 3-in-a-row with a meeting with APOEL Nicosia.Manchester City’s Group F campaign begins in Rotterdam with a meeting with Dutch champions, Feyenoord.While Napoli are in Ukraine for a meeting with Shaktar Donetsk.last_img read more

SANTA ANITA SINGLE TICKET JACKPOT WINNER COLLECTS $144,893

first_imgSANTA ANITA SINGLE TICKET JACKPOT WINNER COLLECTS $144,893; TICKET WAS PURCHASED FOR $288.00 THROUGH XPRESSBETSINGLE TICKET ALSO HITS 50 CENT LATE PICK 5, PAYING $119,165 ARCADIA, Calif. (Oct. 3, 2019)–On day number four of its 2019 Autumn Meet, one lucky ticket connected the dots and hit Santa Anita’s popular 20 cent Single Ticket Rainbow Pick Six Jackpot for $144,893 on Thursday.  The ticket was purchased through XpressBet.com for $288.00.With a Jackpot carryover of $78,545 coming into today, $86,938 in new money was wagered, creating at total gross pool of $165,483.With a seven race card, Thursday’s Rainbow Six started with race two.  Beginning with the second race, the winners were as follows:  Race 2, # 1, Rattle, $6.20, Race 3, #7, Avalon Ride, $64.20, Race 4, #6, Sheza Factor, $5.20, Race 5, #2, Poster Girl, $18.00, Race 6, #1, R B Eye, $30.40 and Race 7,   # 3, Bella Figura, $5.80.There was also a single ticket winner in Thursday’s 50 cent Late Pick Five wager, and it paid $119,165. The Late Pick Five began today with race three and ended with the seventh and final race.Racing resumes with an eight-race program on Friday. First post time is at 1 p.m. and approximate post time for race three, the beginning of the 20 cent Rainbow Pick Six Jackpot, is at 2:05 p.m. PT.For additional information, please visit santaanita.com or call (626) 574-RACE.last_img read more