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Dutch Pensions Federation opposes pay increase for trustees

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first_imgRiemen’s comments came in response to professional trustee René van de Kieft, who recently argued in news daily Financieele Dagblad that increasing expertise on schemes’ boards would require a similar increase in remuneration.In Van de Kieft’s opinion, the relatively low reward for trustees made attracting more expertise more difficult.He noted that the Dutch pensions sector was the only industry that paid board members less than their staff and the highest echelons of their providers.Van de Kieft is board member at the €309bn civil service scheme ABP and the €6.3bn pension fund PostNL. Until recently, he also was a trustee for the €34.4bn metal scheme PME.According to Riemen, the legal rules concerning the amount of time board members must spent on their responsibilities are the real problem.The Federation also disagreed with Van de Kieft’s suggestion that a board consisting of only social-partner representatives would be inferior.“The sector can work very well with the choice of board models, and this also goes for the reward of trustees, for which the Federation has issued guidelines,” he said.The recommended standard pay for a full-time board position varies from €100,000 at a small pension fund to €140,000 at a large scheme. However, trustees’ remuneration at the largest providers APG and PGGM varies from €450,000 to €670,000, according to the FD.Meanwhile, ABP has indicated that Van de Kieft, who represents union federation CNV on its board, has not spoken on behalf of ABP.“We want to keep trustees’ remuneration manageble and predictable,” it said.“Therefore, we have opted for a fixed reward [that approximates] the recommendations of the Pensions Federation.” The Dutch Pensions Federation has criticised a proposed remuneration increase for the professional board members of pension funds in the Netherlands. Gerard Riemen, director at the lobbying organisation, said: “A modest reward policy is a great good in the sector.”He said the industry was focusing on the interest of society and that pension funds should not operate as commercial businesses.“We want to radiate this focus within the existing culture, as well as within pension funds’ remuneration policy,” he said.last_img read more

Dinkins honored at Morehead State

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first_imgDickerson led the team in scoring, touchdowns, rushing and passing yards. He became the first individual in the I-AA division to throw for more than 5,000 yards (5,572) and rush for more than 3,000 yards (3,765). Dinkins still holds six MSU single game records, four season records, five career records and led the team to a 27-13 record over his four years and won All-American honors from two different organizations.”Dinkins, a U.S. postal mail carrier, played with the Buffalo Bills of the NFL for two seasons and with the Amsterdam Admirals of NFL Europe.He last played for the Erie Storm in the AIFL. Aided by Dinkins’s return, the Storm rebounded to an 8-6 season in 2010, before losing to the Harrisburg Stampede in the playoffs. Dinkins retired at the end of the season.He is married to Montia Robinson ­Dinkins and father of Breya, Zianne and Zaire. Pittsburgh native and former Schenley star David Dinkins was one of four former Morehead State University athletes to be honored at a special ceremony Oct. 15-16 during the school’s Hall of Fame events. In addition, the school retired his jersey (No. 8).Dinkins attended MSU from 1998-2000, was the first NCAA player “to rush for 1,000 yards and throw for 1,000 yards in the same season, a feat he accomplished three times,” according to Drew Dickerson, director of athletic media relations for the university.last_img read more

Kootenay Lake Fishing Report — Rainbows, Bull Trout catch of the day

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first_imgReel Adventures Sportfishing Nelson B.C It’s time for another boat load of fishing information from Kerry Reed of Reel Adventures Sportfishing. Now that summer has arrived what better time is there to get out in the boat for some fishing.Kootenay Lake: Although the fishing tourism is way down, the main lake has still been producing lots of the usual 2 – 4 pound Rainbows, with a few Bull Trout also from 2 – 6 pounds. Some of our best days see up to 20 fish being caught.  But, an average day would produce between 8 – 12 fish.  Lots of action to keep our guests busy. We have been mixing it up a bit lately as far as fishing location on the lake as well.  We have fished the extreme north, the extreme south, and the central portions of the lake and have found the better fishing to be from the central portion and south. Lighter gear is the ticket for fun now.  Still lots of excitement catching these 2 – 4 pounders on a fly rod or lighter spinning rod.  But, be prepared to break a few fish off if you manage to hook into some of the bigger fish still around. Either way, there’s still lots of action and lots of fun to be had on the lake. The West Arm has been producing some nice fish as of late.  It seems that some of our bigger fish have been cruising the West arm in search of food.  There have been a few surprises coming in lately. Fly fishing has been a blast in the past few weeks.  Lots of 2 – 4 pound Rainbows, but were also hooking into some Rainbows and Bull Trout up to eight pounds in the Arm.  This is a pleasant surprise when targeting the smaller fish. Lots of opportunity for fish this summer.  Looking forward to the tourist season and hoping to get lots more people hooked on this great sport.Columbia River: The river was on fire for the early months of April, May, and June.  Lots of fantastic days floating the river with both floating and sinking lines.  As the water remained low, the seams were plentiful and the fish remained very active. Lots of Rainbows between 2 – 5 pounds were being caught.  Also started to see more Walleye showing up in the fishery. Now, with the rising water, the fishing holes have changed a bit and the fish are moving around.  The back eddies are producing well, especially after the crazy caddis hatches that we had early in the season. Usually these hatches don’t start until this time of year.  A sign of the times I guess, as our seasons seam to be getting earlier every year. June and July should see some of the largest caddis hatches of the year and should put these fish back into a frenzy. Also, the Walleye should get to be more plentiful as the summer continues. Looking forward to the next couple months on the river!More Fishing Opportunities: It’s that time of year again when we spread the boats out to maximize our fishing presence.  For the next few months we will have our boats stationed at the following locations:   one boat on the Columbia River,  two boats on Kootenay Lake, and one boat on the West coast of Vancouver Island in Ucluelet. So, no matter what your fishing preference is, we can accommodate. Looking forward to a busy summer.What are they biting on??? Not a lot of secrets out there at this time of year.  The main lake has been producing most Rainbows on the usual bucktail flies.  Common colours have been grey/white,  black/wht, green/wht.  The common numbers of these flies are:  210, 215, 221, 222, 234. Also catching some Rainbow and Bull trout on apex lures and my favourite Lyman plugs.  Check out some of the new Lyman patterns as they have been producing well for us. On the River we have been catching most of our Rainbows on the fly.  Dry lines with elk hair caddis have been working well on the hot days.  And on the cooler days, or when we can’t seem to catch on the dry, we have been drifting nymphs through our favourite holes. On the days when we are not flyfishing, we have been spin casting with spinners and spoons,  as well as bottom bouncing with bait. The bottom bouncers or jigs have been producing best for the Walleye. Lots of different techniques to use on the river and lots of different fish to be caught. Lets Go Fishing!Tight lines………………. Kerry Reedlast_img read more