Dutch Pensions Federation opposes pay increase for trustees

Posted on

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

Football preview: Wisconsin can expect win against FAU for second home game

Posted on

first_imgWith less than 16 years of football experience under their belt, the Florida Atlantic football team comes to Madison to take on the University of Wisconsin football team.These two teams have not met before during the regular season, and this will be the second non-conference game that the Badgers will play this fall.FAU FAU is a newcomer to big-time football, with only two bowl games under their belt and one Conference USA title under their belt. The team, who has only been around for 16 seasons, have been struggling recently, leading to the firing of head coach Charlie Patridge.It has been almost seven years since the Owls have seen either a bowl game or a conference championship game. Their most recent season ended in a 3-9 record, which was the same record that they held for 2014 and 2015.Football preview: What to expect from the Badgers this seasonThe University of Wisconsin football team enters the 2017 season with high expectations and hopes of replicating, or even exceeding, Read…The Owls are also currently struggling to find a starting quarterback. Currently, there are three players competing for the starting quarterback role, and none seem to be a real standout during summer practices.With a small class of seniors taking leadership over very few roles, it is uncertain whether or not FAU will be able to compete with a Big Ten team like Wisconsin.WisconsinThe Badgers are entering their second home non-conference game this season. After a match-up With Utah State University, the Badgers welcome the challenge that FAU brings.The Badgers enter this season with a confirmed starting quarterback in Alex Hornibrook, along with a veteran roster full of talented players ready to keep building on the Wisconsin legacy. The Badgers have also hired a new defensive coordinator in Jim Leonhard, who is a former NFL safety.How Jim Leonhard’s NFL experience will help out Wisconsin’s defenseThe University of Wisconsin football defense is relishing in an amazing opportunity to learn from former NFL safety Jim Leonhard. Read…On the down side, Wisconsin entered the season down one key player. The injury of Jack Cichy leaves the team with one less veteran and one less leader, which will shake up the inside linebacker position.UW, who was one of the best defensive teams last year, needs to maintain their defensive standards, even with key players injured. The beginning of this season hosts some of the easiest game that the Badgers will see all year, so struggling now does not bode well for the future.Larson’s Prediction: Wisconsin wins (insert game prediction)FAU won’t be a tough competitor. Their lack of experience combined with their inexperienced roster will not stand up against the strength of the Badgers. This is a particularly cruel match-up for this Conference USA team, but it is a good learning opportunity for them down the road.last_img read more

How position players pitching became baseball’s new market inefficiency

Posted on

first_img“I think it comes about because of the specialization,” Dodgers general manager Farhan Zaidi said, “and you go through your seven or eight relief pitchers quicker than you used to.”According to research by the website FiveThirtyEight, teams used approximately 1.5 relief pitchers per game on average until about 1980. By the late 2000s, complete games were nearly extinct and teams were using three relievers per game. Meanwhile, roster limits did not change. Managers were still limited to 25 active players prior to Sept. 1 each year, but the demand for relief pitchers was never higher. Something had to give.Every team had between seven and nine relief pitchers on its roster as of Wednesday, according to Roster Resource. Each bullpen featured the kind of specialists Zaidi had in mind – a left-hander who only pitches to left-handed hitters, for example.“You might burn through those guys in eight innings and suddenly you need somebody else for the ninth,” Zaidi said.Some teams are better at rationing relief innings than others. The Angels are one of eight teams who have not sent a position player to the mound – other than Ohtani, of course. The Dodgers avoided using a position player until last Tuesday in Philadelphia when Kiké Hernandez took the mound in the 16th inning of a tie game. New York Mets pitcher Jose Reyes released the ball at an ungraceful sidearm angle. The 54-mph tumbler was recorded as a curveball, but it’s tough to say for sure. The baseball hit the batter, Ryan Zimmerman, with so little force that Zimmerman could actually smile and pretend to charge the mound before jogging to first base.Reyes threw three more pitches Tuesday night, all strikes. It was the first, and hopefully last, pitching appearance in the long career of a 35-year-old infielder. The Mets lost to the Washington Nationals 25-4, and Reyes was stuck with a 54.00 earned-run average.Excluding the Angels’ two-way star Shohei Ohtani, position players have made a record 46 appearances this season through Tuesday, according to Baseball Reference. Last year produced 36 such appearances, up from 26 in 2016. The reason behind the trend isn’t obvious because, naturally, position players are not very good at pitching. After Reyes’ gem, and excluding the nine starts by Ohtani, position players this year have a cumulative ERA of 6.00.So why do they keep getting the ball? Hernandez’s teammates swear he could pitch a baseball 93 or 94 mph if he wanted to, but his fastball averaged 77 mph that night. Manager Dave Roberts said he told Hernandez to “just throw strikes” and Hernandez acceded, apparently ot knowing his own control.Hernandez induced a flyout on his first pitch, walked the next two batters, then surrendered the game-winning home run to Trevor Plouffe. He is now 0-1 with a career ERA of 81.00. Roberts knew the risk – Hernandez had never pitched in a professional game – but he also had a new game to prepare for less than 12 hours later.When a manager runs out of pitchers or is on the losing end of a lopsided game, does the risk of sending a position player to the mound outweigh the risk of taxing his actual pitching staff further?“Part of baseball is you have to live to fight the next day,” Milwaukee Brewers manager Craig Counsell said. “You really do. When we’re making that decision, that’s really what it’s about.”Counsell sent two position players to the mound in an 11-2 loss to the Dodgers on July 22 in Milwaukee: Hernan Perez pitched the seventh and eighth innings, and Erik Kratz pitched the ninth. Neither allowed a run.To the Dodgers hitters who had to face Perez and Kratz that day, it strained the definition of fun.“It’s completely different from what you’ve been seeing for years,” said Cody Bellinger, who lined out to left field against Perez.“It’s never really fun facing a position player,” Max Muncy said, “because you never know: are they just going to lob it over the plate? Once they get a strike on you, are they going to suddenly start – because every position player has a good arm – you never know if they’re going to rear back and throw it 90, start breaking off curveballs on you.”Sidearm curveballs at 54 mph, perhaps.That game in Milwaukee wasn’t even the most prolific for position players on a mound. Chicago Cubs manager Joe Maddon used three position players to finish an 18-5 loss to the St. Louis Cardinals on July 20: Tommy La Stella, Victor Caratini and Ian Happ.Three position players had not pitched in the same game since 1979. Is there a tipping point in sight?“I think maybe this is a trend that we’ll see more two-way players,” Zaidi said. “You have obviously the high-end two-way player, like an Ohtani and like the kid (minor leaguer Brendan) McKay with Tampa. There are guys kind of on the bubble of major league rosters around baseball who have really strong two-way abilities.”The Dodgers tried to create a two-way player of their own. Outfielder Brett Eibner appeared in 17 major league games last year. He then returned to Triple-A and tried his hand as a pitcher, a role he thrived in at the University of Arkansas. Before he could even get into a game, Eibner suffered a torn ulnar collateral ligament in his right elbow and had Tommy John surgery, ending his season.Eibner only resurfaced last month in the Texas Rangers’ system – as a pitcher.“Unfortunately that didn’t work out with Brett,” Zaidi said, “but I would’ve liked to have had him on the bench in the 16th inning in Philly.”The Dodgers already have one of baseball’s most capable two-way players in their organization. As a pitcher, his career ERA is 3.56. As a batter, his average is .271. He even spent a full season as an outfielder in Japan. However, there are no plans for him to get in a game anytime soon. At 92 years old, special advisor Don Newcombe might not even get to pitch the 17th inning.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more