The €10bn pension fund of Dutch telecoms giant KPN said it would offer its participants the option of variable benefits at retirement.The move will allow retirees to avoid having their full pension rights converted into annuities, which have dropped in value in recent years due to low interest rates.In its annual report, the KPN scheme said participants with defined contribution (DC) arrangements would be able to choose between traditional fixed benefits from an annuity or payments that could vary over time.The choice was made possible by new legislation (Wet Verbeterde Premieregelingen) introduced in September 2016 that allowed for continued investment of part of a members’ accrued pension assets after retirement. KPN is one of a small number of schemes to introduce this option of variable benefits.Many pension funds, including the Pensioenfonds PostNL and BpfBOUW, have said they won’t introduce variable pension payments.Under the new legislation, participants in a DC plan have the right to shop around when their pension fund merely offers a single benefit option, which is almost always a fixed payment.As a consequence of few pension funds taking up the new rules, participants who want to continue investing have to turn to insurers, including Aegon, NN, Delta Lloyd and Allianz, which offer variable benefit arrangements.The KPN scheme said its decision was triggered by 8,000 deferred participants of the former pension fund of ICT firm Getronics – taken over by KPN in 2007 – who joined the Pensioenfonds KPN last year.At the Getronics scheme, which liquidated last year, many participants had accrued pension rights under DC arrangements.
London: Lionel Messi’s leave of absence from Argentina’s national team will extend to at least November, the Albiceleste’s interim coach Lionel Scaloni has said.Speaking to reporters at FIFA’s The Best awards ceremony in London on Monday, Scaloni said Messi would not return for friendlies against Iraq and Brazil in Saudi Arabia next month, Xinhua news agency reported.“Messi won’t be called up. I have spoken with him and it’s best that he doesn’t come back for now,” said Scaloni, who was appointed caretaker manager after the July sacking of Jorge Sampaoli.Argentina will meet Iraq in Riyadh on October 12 and Brazil in Jeddah four days later. The two-time World Cup winners will then play their final matches of 2018 during FIFA’s November 12-20 international friendly window.Messi was left out of Argentina’s squad for friendlies against Guatemala and Colombia earlier this month, having requested a break from international football following the team’s erratic World Cup campaign.Argentina were eliminated in the round of 16 in Russia by eventual champions France, with Messi scoring just once in four matches. IANS
WEST MIAMI-DADE, FLA. (WSVN) – A fun event for all ages aimed to make a difference in lives of South Florida families.The Children’s Trust Family Expo was held Saturday at the Miami-Dade County Fair and Expo Center in West Miami-Dade. The annual event helps the community gain access to hundreds of vital educational, health, and social services.It’s something the expo’s organizers are proud of.“We’ve been doing this for 11 years, and it’s our gift to the community,” said spokesperson Emily Cardenas. “It’s our pleasure to be able to offer this event for free, an opportunity for parents to come down, access hundreds of programs for children and families that are predominately for free or very, very low cost.”The event also featured face painting, magic shows, storytelling, arts and crafts, bounce houses, rock climbing, among other activities.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.