Pension reform is closer than ever before, but a lot of it is up in the air

A lot of offices have tried it, but it never came across someone so close to you as a minister, Wouter Bird (such as Social Affairs, the Dutch political party D66) the amendment of the Dutch pension system, as in the fifties, it was originally designed.

Friday, reached the Bird and agreement with the trade unions and the employers on the latest issues in the development of their in June last year, concluded agreement. It is going to be of great importance and a lot of money in the pensioenpotten is around 1500 billion euros. As a result, the past few months, a year, ago, daily meetings, and a couple of times, late into the night, and technically save you from the intense discussions.

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There are still uncertainties: the trade unions and employers ‘ organisations have put the appointments in the next few weeks for their fans. Within the employers ‘ organisations are being murmured to by the insurance company, which also plans to offer. They found that the agreements failed to take into them account.

In the trade union movement, especially the rank and file of the UNION are unpredictable. And the board of directors of the out EXCEPTION, sounded Friday night, striking restraint. Vice-chairman Gerrit van de Kamp said, emphatically, that there is still no final agreement has been, since the ‘weight’ must be made.

There continue to be obstacles to

It is unclear also how will the new pension be extracted for a variety of generations and in a wide range of economic scenarios. The calculations of the Central Planning office sends a Bird, probably on Friday, to the house of commons. Those are just averages. Only a few years, it will be about two hundred pension funds in the Netherlands, for their employees and retirees share stories about how the new rules will expand. It is the intention that the funds by 2022, and 2026, to migrate to the new system.

However, the majority of those involved Friday and very happy with the difficulty of reached an agreement. Workers are now on view for a more personal, retirement, and stressed the great tit, which is also “more in tune with the modern labour market, where people are more likely to be of a job change, or decide self-employed-to-be.

Hans de Boer, from the employers ‘ organisation VNO-NCW, stressed that there was now an end to the years of rising premiums. “When I was six years ago, the pension was concerned,” he said Friday, “I have a work week of five days, on average, one day prior to your retirement if you have reached the AOW pension contributions that can be counted. Now, this is a day and a half. That will cost greatly. Since we want to have from the start.”

No promises for more

The crux of the new retirement funds are no more promising. Now, construction workers, every month a little piece of their future pension, which is a ‘claim’.

That toekomstbeloftes have pension funds over the past few years, klemgezet. Due to the fall in interest rates, they had to get more and more money as a store of value in order that the children be assured. As a result, most of the pensions in the past ten years, not adjusted for rising prices in the shops.

With the interest rates, pension funds need to calculate how much money they now need to get all of their toekomstbeloftes to come. For example, a payment of 100 euros, which is over thirty years old will need to be paid to a pension fund a year ago to 72 euros, in order to have it. Due to the lower interest rate, that is 92 euros.


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The new system will be allowed to pension funds to gain a faster distribution because they are no hard and fast promises to do more about the level of future benefits.

Employees can see how much power they now have, built up by the premiums they have paid, and the rate of return that they are made of. No matter how high the compensation is, it will just have to be careful back.

No buffers, and more

The funds do not have large financial reserves for bad times. As a result, the pensions, rocking on the waves of the financial markets.

With the retirement of the kids are going to be the most moving. Since it is agreed that employees in their career and have less and less risk to go for a walk. The older you get, the smaller the share of the return on investment you will receive: you will benefit less from the profits and would need to suffer from the loss. Thus, the pension will be more and more stable as the date gets closer.

By letting go of the promises in the sound of the new retirement is much more uncertain. But in reality, it was the retirement of long hangs in the balance. This is because pension funds in the past few decades, more and more of a risk to take with their investments. They will have more stock to go out and buy and for less secure government bonds, because of the low interest rate environment, but only a few make money with bonds.

However, the question is whether the people who swing are going to accept it, especially if there are long-term investment losses, are. Over the past few years, leading to each threat pensioenverlaging to the noise. Thus, pension reductions over the last ten years, many times it rolled over. Also, Bird has announced on Friday that by the end of this year, pension reductions carried forward shall be as in the previous year.


You can also read: Why do pensions have to shorten it so difficult for politicians to

No subsidy from the young to the old

Secretary Bird is especially happy that the pensioensubsidie from the young to the old to be abolished. Now, even young people, for every dollar of premium the same in future years as the elderly. As for the euro, younger, and a lot more: it can take longer to render.

Young people have too much pension and the elderly are not enough. The so-called doorsneesystematiek is perfect for those who are always in the same pension fund remains. But for those who are on a 45-year-old, the age of self-employed and the pension fund, and leave the subsidy, however, paid for, and will not be able to receive.

Under the new system, young people have more pension for their contribution, and older people less so.

That was on the verge to be a problem to manage. Because of this, a new system would be mostly in their forties and fifties, the grant is going to go wrong, which they are, as well as younger, however, be paid in full. How will they be compensated?

For the vast majority of pension funds, it is easy to do, in order to compensate them, in the uitwerkingsakkoord on Friday, which was in the hands of the The NRC. “According to calculations by the Central Planning bureau, and just as many pension funds, it appears that in many cases, it is not a disadvantage, but an advantage is” write great tits, trade unions and employers ‘ organisations.

Thus, it is possible to look for the new verdeelregels is expected to have more investment to be made than they are now. This is because there will be more pension money will be given to young people, and that money can be made longer to pay off. As a result, there is cash to be in their forties and fifties, to be compensated for.

Insurance companies are angry

Much more complicated is it to compensate for the more than one million workers in a pension with an insurance company. They have to work with a personal pensioenpotjes, and may, therefore, have no retirement started to shift between the different participants.

It seemed to only have three options, which all three of the difficulties encountered. Employers will see it does not sit in the pension contributions to increase significantly. The trade unions have refused to give the employees less in retirement to leave to build, for the same amount. The government refused to help to take the billions of dollars.

That’s why the insurers are now in a privileged position: current employees will not be required for the doorsneesystematiek’t want to buy it, but for new recruits as well.

Also, it has a big disadvantage: they need to be in two different pension schemes next to each other in the air to keep up. This leads to higher costs and more hassles. So it responded to the insurers, on Saturday is critical. Small and medium-sized companies with a policyholder’s pension plan “has to be huge problems,” said managing director Richard Weurding, of the Dutch association of Insurers, which is affiliated with employers ‘organizations the employers’ organization VNO-NCW).

Insurers will want to be completely excluded from the new rules, including for new employees. But it was not politically feasible, said the employers ‘ organization VNO-NCW chairman Hans de Boer, on Friday at The NRC. “We have to have it to do so. We have made a compromise.”

UNION-vice-president Of Elzinga wave of criticism from insurers in your way. “They pretend to be employers and employees, here is the worse, but the employers and the employees both agree that this is the best solution.”

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Coronavirus, the Greek exception

A healthcare system brought to its knees by ten years of crisis, an aging population, with 22% of seniors, a Mediterranean way of life with often three generations living under the same roof, a people considered undisciplined, etc. Greece combined risk factors to make the coronavirus pandemic, like in Italy or France, a national disaster. However, it totaled at the end of April “only” 2,566 cases and 139 deaths among its eleven million inhabitants.

→ LIVE. Coronavirus: the latest information in France and worldwide

However, Andreas Mentis, director of the Pasteur Institute in Athens, is careful not to speak of a “Greek miracle”: “DBehind any success, there is a good organization, with early and strict containment measures and a quarantine of travelers coming from abroad “. And the most astonishing, according to him, is that the Greeks ” at once ” bent to increasingly restrictive directives.

“An exemplary country”

Greece was “An exemplary country”, welcomed Prime Minister Kyriakos Mitsotakis by announcing on television on April 28, the first deconfinement measures from May 4, which will be spread out until June, but ruling out a recovery for the time being tourism, however vital for the Greek economy.

At the end of February, when news from Italy was alarming, rallies were banned. As soon as the first case of contamination appeared on March 11, nurseries, schools, high schools and faculties were closed. The 13th, when the country has its first death, it is the turn of shops, restaurants, stadiums, museums, beaches, etc. On the 16th, people from abroad are quarantined. Finally, places of worship close despite Holy Week before Orthodox Easter, before general confinement is imposed on March 23.

Five villages in the north of the country which are very affected are isolated from the world. Kyriakos Misotakis “Did a good job”, concedes Emmy Koutsopoulou psychiatrist from the Peristeri Solidarity Medical Center, in the suburbs of Athens. But it tempers: “The decision was easier to make in Greece than in France or Italy, because the consequences ofe the early stopal of the economy in Gare less, our large factories were already closed during the crisis. “

A powerless system in the face of the pandemic

If police checks and fines (for a total of more than eight million euros) have multiplied in the country, it was first of all the catastrophic images from neighboring Italy that caused the Greeks, panicked, to stay home. Especially since they know their health system, largely dismantled by the years of austerity, unable to cope with a pandemic.

“When my 79-year-old father relapsed from cancer in 2013, the treatment he needed was kept for a younger patient. When he died, I was also asked for his medication because the hospital lacked everything, ” angry coward Anna, 42-year-old civil servant. ” So, she continues, even if things are better, I also know that we will have noe lucky if the epidemic really breaks out in the country. I want to protect my mother who has cancer from sein. ” So, since March 11, Anna only leaves her home for essential errands.

18,000 doctors have gone abroad

In fact, between 2009 and 2017, the health budget was cut by 32%. Several hospitals have closed and 40,000 workers in the sector, including 18,000 doctors, have gone abroad. So those who remained have to deal with the virus with 50% fewer staff, only 567 intensive care beds and a single helicopter in the country to evacuate the sick.

Amnesty International has written an open letter to the Prime Minister “So that the government sees this crisis as a red flag.” ” Yes the system is not improved quickly we are facing disaster ”, dreads Gabriel Sakellarids, director of the Athens office. If the government injected 200 million euros into the medical system and hired 2,000 doctors for three years, according to Emmy Koutsopoulou, “We are still far from the mark”.

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Why does California have low COVID-19 numbers in the US drama? – Telemundo 52

LOS ANGELES – Early confinement and other prevention measures promoted by the state government have allowed California, with more than 40 million inhabitants and some 300 deaths from COVID-19, to become an example of how to deal with the coronavirus pandemic in United States.

So far, the nation’s largest metropolis, Los Angeles, with more than 10 million citizens, has recorded fewer than 6,000 cases and 132 deaths, far from New York City, which has 8 and a half million inhabitants. and it has confirmed some 130,000 infections and more than 4,000 deaths.

“California has been doing quite well in the COVID-19 pandemic, with a relatively low number of infected per 100,000 people and a low death rate,” said Professor Karin Michels, head of the Department of Epidemiology at the School of Public Health, University of California Los Angeles (UCLA).

PRECAUTIONARY MEASURES

California Governor Gavin Newsom was one of the first in the country to enact relatively strict confinement, allowing only “essential” activities such as going to the grocery store and pharmacy, and exercising respect for safety distances between people.

In contrast, eight states – Arkansas, Iowa, Nebraska, North Dakota, South Dakota, South Carolina, Utah, and Wyoming – have not mandated their residents to stay home.

“The governor issued ‘home security’ and ‘shelter’ orders relatively quickly. Universities like UCLA and other large employers closed even earlier and sent people to work, teach and study from home,” said Michels, who has extensive experience in disease prevention, public health and statistical methods.

Due to the COVID-19 crisis, California schools may continue to be closed until the end of August.

Newsom also took the initiative to decree the closure of schools, which will remain closed until next year, as a preventive measure; in asking President Donald Trump to send a hospital ship to Los Angeles to support local hospitals before it reached a hypothetical peak in the number of cases, which has not yet occurred; and in closing the state’s beaches and parks.

Another point that seems to have helped so far in the exceptional case of California against COVID-19, according to experts, is the low population density of the state, which reduces the possibility of contagion and allows better compliance with the rules of social distancing.

“TO
 Despite having a large population, Californians do not live in
as dense as New Yorkers. Cities spread with
Few skyscrapers: Relative to other states, many more people in
 California lives in houses, not in apartment buildings or buildings
high, “summarizes Michels, who is based on data from a study of his
college.

YOUNG PEOPLE, LESS DEATHS PER CAPITA

California has had a much lower per capita death rate than most of the nation’s largest states, with the exception of Texas.

“The state has a low average age and a high
density of healthcare facilities, which may have contributed to
 the low mortality rate, “explained Michels.

According to a recent study published in The Lancet, the mortality rate among those infected with 20 years of age is 0.03%, while for those 70 years of age it is 8.6%.

Cautious tone

The
 Californian authorities have projected alarming numbers in the
recent weeks, although so far those estimates have not been
compliment.

Newsom himself foresaw two weeks ago that more than half the state’s population, or about 25 million people, would become infected, so he begged its residents to follow the guidelines to the letter.

For his part, the mayor of Los Angeles, Eric Garcetti, did not hesitate to forecast that the city “would follow in the footsteps of New York” in number of cases, a catastrophic scenario that is still far away.

COVID-19 affects children differently than adults. This is what the doctors say in the following video.

The United States on Monday exceeded 10,000 deaths from coronavirus, with 10,335 and almost 350,000 infected, making it the third country with the most deaths after Italy and Spain, according to the count of the Center for Systems, Science and Engineering (CSSE) from Johns Hopkins University (Maryland).

The new data is known after this Sunday
President Donald Trump, during his usual daily press conference,
make sure “this will probably be the hardest week, between this
week and next, and there will be a lot of death. ”

The state of New York, the great epicenter of the pandemic in the United States, accumulates with these latest figures a total of 4,758 deaths and 130,689 confirmed cases of COVID-19, compared to just over 122,000 that it had a day earlier.

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Exception for Amazon in Apple’s App Store? | 04/12/20

App shops earn money from user purchases. This is not only the case with Apple’s App Store, but also with Google’s Play Store. Apple goes one step further and “taxes” the in-app purchases. While some providers take action against this, Amazon receives special treatment.

• Provider of iOS-Apps have to pass up to 30 percent of their earnings to Apple
• Certain video streaming services such as Amazon now have an exception
• Spotify assumes Apple’s unfair competitive behavior

As is well known, all roads lead to Rome, but only one leads to an Apple device. Applications can only be downloaded and installed on iPhones or iPads via the Apple App Store. A restriction that the group deliberately uses for its own sales.

(Display)Matching new barrier reverse convertibles

The “Apple Tax”

If a user purchases an app via the Apple App Store, the iGroup receives a commission of 30 percent of the income as an intermediary. A common and accepted practice that also applies to other platforms for the provision of the sales interface. However, unlike Google, Apple does not stop at its own interface. Providers also have to process all in-app purchases via the in-house payment system and can therefore not transfer the revenue past the iPhone manufacturer. This helps to earn the others’ success. This is particularly annoying with subscriptions. Apple retains the full 30 percent of current revenues in the first year. The levy halved in the following years. For the companies concerned, the tax has the character of a tax. If the app developers leave their prices the same for the users, they have to accept a loss. On the other hand, if they increase prices, financial losses are avoided, but the attractiveness of the offer also decreases. With many providers, in-app purchases are therefore no longer possible on Apple devices and a subscription can only be concluded via the respective website.

One hand washes the other

According to a report by the technology portal “The Verge”, Apple has launched a special program for video streaming services that exempts the apps from the fee. One of the beneficiaries is the internet giant Amazon. Prime Video users were suddenly able to buy or rent films and series directly in the iOS app. It was no longer necessary to switch to the website. According to The Verge, it is not known exactly how long the program has existed, but Apple has already confirmed that “Altice One” and “Canal +” are two other providers participating in the campaign. The fee only applies to individual purchases. Subscriptions are still affected.

Apple is pursuing a very specific strategy with the offering. The program allows premium providers to use their own payment systems and thereby avoid the fee. In return, the participants undertake to meet certain requirements. The providers must support basic Apple services, apps and features on their platforms. This includes, for example, AirPlay 2, Siri support and the Apple TV app.

Spotify against Apple

Despite the newly created program, many providers will continue to have to pay the fee because they are unlikely to qualify for inclusion in the campaign. With this, Apple infects some companies considerably.

The music streaming service Spotify accuses Apple of unfair competitive behavior. Spotify clears his anger on a specially created website called “Time to Play Fair”. Already at the time of the introduction of the fee, the app developers criticized Apple’s approach. After Spotify finally accepted the terms and offered its subscription for 12.99 euros instead of 9.99 euros per month on iOS, Apple Music came on the market and was available for cheap 9.99 euros per month. The music provider therefore sees the regulation as a strategy with which competitors are to be pushed out of the market. The dispute between the two actors has even reached the EU. Spotify has lodged a cartel complaint with the Commission against Apple.

Editorial office finanzen.ch

Image source: TonyV3112 / Shutterstock.com, nui7711 / Shutterstock.com, Marek Szandurski / Shutterstock.com, KIMIHIRO HOSHINO / AFP / Getty Images

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