Construction and engineering firm Fluor has indicated it wants to terminate the contract for pensions provision with its €460m Dutch pension fund, as it wishes to offload the liabilities from its balance sheet.The employer – a subsidiary of US parent company Fluor – wanted to place pensions provision with an insurer, according to the pension fund’s annual report for 2016.The pension fund, which implements a defined benefit plan, has already been closed to new entrants since 2014.Its current pension plan is reinsured under a contract with Aegon, based on a separated investment depot, invested in Aegon funds and managed by Aegon Asset Management. Aegon is also pensions provider for the Fluor Pensioenfonds. The scheme’s board said that, following its closure, the pension fund was expecting decreasing returns, as it had to reduce its risk profile as a consequence of its shortened investment horizon.It added that administration costs – currently €674 per participant – would also rise.Although the board made clear that it expected that the pension fund would ultimately cease to exist in its current set-up, it said it wanted to carry out an asset-liability management study in order to get clarity about the impact of a buy-out for its participants for the short term.It made clear that new pensions accrual was likely to take place under defined contribution arrangements, and that this decision would be up to the employer and the works council.The board said it had hired consultancy Triple A to support it in its negotiations with the employer and the works council.The pension fund reported a net return of 10%, including almost 4 percentage points thanks to a 70% interest hedge.With a return of 12.1% – an outperformance of almost 2.5 percentage points – commodities was its best returning asset class.Worldwide equity generated 8.8% under a full currency hedge of dollar, pound and yen.The scheme said that fixed income had yielded 5.6%, with Dutch residential mortgages producing almost 9%. Listed property gained 4.9%.Global Tactical Asset Allocation returned almost 3.5%, falling 0.6 percentage points short of its benchmark.As at the end of July, the Fluor Pensioenfonds was 108.8% funded.
Rarely in its recent annals had the Cazenovia football team ever needed to worry about whether it would make the Section III playoffs in the last week of the regular season.Yet the Lakers dealt with this stress quite well, venturing to Mexico Friday night and earning a comfortable 27-6 victory over the Tigers to win for the fourth time in five weeks.That result, combined with Central Valley Academy’s 20-7 win over Vernon-Verona-Sherrill, allowed Cazenovia to finish alone in fourth place in the B East division behind the Thunder, plus Oneida and New Hartford. Romagnoli helped wrap things up with a 37-yard scoring run in the third quarter as the Lakers’ defense nearly got a third shutout in four weeks, keeping Mexico off the board until the fourth quarter, when the game was long in hand.Cazenovia held the Tigers to 144 total yards as John Frega had four tackles and three assists, with Vito Borio and Keegan Bailey each getting three tackles. A.J. Rothfeld assisted on six tackles and made two of his own.The Lakers had 394 total yards, 253 of them on the ground as Romagnoli gained 116 yards on 11 carries and Freyer had 89 yards on seven carries. Between them, Romagnoli and Freyer completed six of 14 passes for 134 yards.Meanwhile, Chittenango, who will miss the sectional playoffs, saw its five-game skid end at Camden, where it started fast, but ultimately needed a fourth-quarter safety to beat the Blue Devils 16-14.The Bears’ defense ended up keying the outcome, first by scoring on a Elias Clement fumble return as Nate Addison added a four-yard TD run to make it 14-0 through one period.Camden fought back, tying it 14-14 by halftime on short scoring runs by Eric Mitchell (one yard) and Mason Gerber (two yards). And it stayed even until the final period, when the Chittenango defense returned to trap the Blue Devils in its own end zone for the winning two points. Share this:FacebookTwitterLinkedInRedditComment on this Story Tags: CazenoviaChittenangofootball And it sets up a highly-anticipated sectional Class B opening-round game next Friday as the Lakers venture to Al Merola Field to face undefeated, state no. 9-ranked Solvay, a once-great program who fell on hard times before roaring back to life this fall and making the playoffs for the first time in more than a decade.With nothing guaranteed following its Oct. 11 home defeat to CVA, Cazenovia quickly gained control against a Mexico side that had lost six in a row. Ty Freyer got the Lakers on the board, scoring on a 20-yard run in the first quarter.Two more scoring drives followed in the second period, Ryan Romagnoli dashing 21 yards to the end zone and, minutes later, Cazenovia striking through the air as Romagnoli’s pass to Evan Murray turned into a 60-yard touchdown.
Facebook Twitter Google+ Rodman Noel played basketball in his driveway, touch football with his friends at nearby Everett (Massachusetts) High School and little bit of baseball, too. In some ways, he was a typical kid. But he and his brothers, Jim and Nerlens, all became Division I athletes. They grew up the sons of Haitian immigrants and blue-collar workers. When they arrived home most nights, the house was empty. Their community helped raise them. Those experiences growing up in Everett fostered his competitive spirit and taught him to be a leader. Together, Rodman, Jim and Nerlens built each other’s competitiveness on the basketball court and on the football field, which Rodman will apply as a senior linebacker for N.C. State’s when it faces Syracuse for a 3 p.m. game in the Carrier Dome on Saturday. Nerlens is starting his first NBA season with the Philadelphia 76ers after starring during his one season at Kentucky in 2012–13. Jim is a graduate assistant at Temple football after being cut by the Seattle Seahawks during the 2013 preseason and Rodman leads the Wolfpack defense with 48 total tackles and an interception through eight games. “Their family’s important,” said John DiBiaso, the head football coach at Everett High School, “they’re brothers and they’ve got to look out for each other.”AdvertisementThis is placeholder textBasketball games in the Noel’s driveway ratcheted up the brothers’ competitiveness. But before the driveway, the boys had to go to the park because they had no hoop. The three Noel brothers stayed at the park until late hours. Dorcina Noel, their mother, would demand they come home and when they refused, she brought home a basketball hoop. She put up the hoop so if they stayed out late, at least they were in their own driveway. On the first night they played until 2 a.m.“When it would start to get real competitive, we would start shoving each other. If somebody had the game-winning basket, it would start getting a little physical,” Rodman said. “And the other one would get mad because he called a foul, the other person would think it wasn’t a foul and we would start getting into it.” When Rodman was 10, they’d play basketball at Everett and get rides home from DiBiaso. They played with his son and DiBiaso bought them all chicken nuggets on the way home. “I’d be bringing them home and the lights would all be out, their mother and father would still be working,” said DiBiaso who usually dropped the Noels off between 10 and 11 p.m.Dorcina Noel worked in a hospital and Yonel Noel drove cabs to support the family. The Noel brothers relied on each other. Jim played a “big-brother-slash-father” role to Nerlens and to a Rodman in a lesser degree, DiBiaso said. When all three played on the football team during Nerlens’ freshman year, they’d get to practice at different times. DiBiaso said Jim arrived five minutes early, Rodman on time and Nerlens always 20 minutes late. It prompted DiBiaso to teach them to stick together. What Rodman learned growing up translated at Milford (New York) Academy — a cutthroat prep school for football players who want to improve on and off the field. Milford head coach Bill Chaplick said that making it through Milford speaks to Noel’s competitiveness and toughness. “You’re here with players that this is the last shot in their life and if they don’t make it, they’re not going anywhere,” Chaplick said. “You throw that all in with 55 guys, you’ve got to fight everyday for what you get here and you only get what you earn.”At North Carolina State, head coach Dave Doeren praises Rodman for working off the field to get results on it and calls him a “great preparation guy.”Now Rodman hopes that the late-night basketball games, extra year at Milford and four years at North Carolina State make him the third Noel brother to play a professional sport. It wouldn’t be a coincidence. “It would mean the world to me. I just know that I am blessed — I came from a great family, a great competitive family and I just thank god,” said Noel. “I’m just gonna have to keep working every day.” Comments Published on October 31, 2014 at 12:02 am Contact Chris: firstname.lastname@example.org | @ChrisLibonati
There is no let up to the cold snap as Met Éireann has issued a new nationwide snow-ice warning as more wintry showers are forecast for tomorrow night.Scattered snow showers are expected tomorrow night and into Friday morning, with accumulations of less than 3cm possible.They warn of slippery paths and roads due to the accumulation of ice on untreated surfaces. The warning comes into effect tomorrow evening at 9pm, and will remain in place until 12 noon on Friday.The regional forecast suggests that tomorrow will be mostly mild with the risk of thundery showers before temperatures dip in the evening.“Some of the showers in the west will turn heavy and possibly thundery during the afternoon and evening. Highs of 5 to 8 Celsius in light to moderate southwest breezes, which will increase fresh to strong near the west coast,” Met Éireann says.The heavy snowfall across Donegal last night rendered the roads treacherous, with emergency services attended the scene of an accident N13 road at Drumkeen on the Letterkenny to Ballybofey Road. There were several reports of cars slipping off roads across the county, with a Letterkenny motorist colliding with a stop sign yesterday evening and a Toyota Avensis sliding into a ditch on the road between Fintown and Meenaroy this morning. A car slipped into a ditch on the road between Fintown and Meenaroy in the early hours of this morning. Picture by Tomo Pattison.Picture by Tomo Pattison.Gardaí are asking road users to exercise caution and to keep up to date with weather alerts and traffic conditions during the cold snap.They urge motorists to reduce their speed and increase braking distances, use dipped headlights at all times, give extra space to vulnerable road users such as pedestrians, cyclists and motorcyclists.Gardaí also advise cyclists and motorcyclists to consider alternative transport where necessary and ask pedestrians to walk on the right hand side of the road facing traffic if there are no footpaths.You can keep up to date on gritting information by following Donegal County Council on Twitter @RoadsDCC or @DonegalCouncil or on their Donegal County Council Facebook page.Caution urged as further snow-ice warning issued was last modified: February 9th, 2018 by Elaine McCalligShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:Met Eireannsnow ice warningweather