The High Court in London has ruled in favour of the trustees of a British Airways pension scheme in a case concerning their decision to award discretionary pension increases.The case was brought by British Airways plc in late 2013, after the Airways Pension Scheme (APS) trustees decided to award a discretionary pension increase of 0.2% on top of inflation-linked increases.The APS is the older of British Airways’ two defined benefit schemes. According to the High Court judgement, as at 31 March 2015, the scheme – which closed to new entrants in 1984 – had 27,200 members, of which more than 90% were pensioners. The APS trustees decided to introduce a power that would allow them to grant such non-standard increases in 2011, after the statutory indexation measure was switched from the Retail Prices Index to the Consumer Prices Index. This is generally expected to mean lower pension increases for members. The trial started in October last year.On Friday the High Court ruled that the trustees’ decision to introduce the discretionary increase power in 2011 was valid, as was the decision to grant a 0.2% increase for 2013, effective 1 December 2013.“We are naturally very pleased with the clarity brought by the Court’s decision,” said the APS trustees in a statement.“We welcome the confirmation from the Court that we and our professional advisers acted appropriately in relation to those decisions.”The scheme said it does not currently intend to make further public comment “given the complex nature of the proceedings”.British Airways has the right to appeal.It said that it is “considering its position”.”Given the risks that remain within the scheme we believe the deficit contributions should be applied to improve funding and reduce risks, not improve benefits,” it said, adding that the pensioner members are ”on far more generous pensions than succeeding generations of British Airways employees”.It said the company made payments of more than £500m (€579m) towards pension fund deficits.The APS 2016 annual report put the funding deficit as at 31 March 2014 at £409m.Whether or not British Airways appeals will influence several actions the trustees are able to take in the near term, the scheme has said.For example, it may need to wait before being able to pay the additional 0.2% increase and deciding on any backdated increases for the years 2014-17, it said. The costs of the legal proceedings that APS can expect to have paid by British Airways may also depend on whether the airline appeals, and the outcome of that.The scheme has previously said that it was unlikely it could complete its March 2015 valuation until the outcome of the litigation was known. Following Friday’s judgement it said it is considering its position with its professional advisers.A hearing is scheduled for Thursday, when the High Court will deal with any “applications” that British Airways or the trustee make in relation to the litigation judgement. This could include British Airways seeking permission to appeal, according to a statement from the trustees. Note: This piece was updated on 23 May to clarify when the APS was closed to new members.
LONDON: Former England and Manchester United forward Wayne Rooney stated the job of a captain just doesn’t mean leading the team on the field but also includes helping his players off the field. He also spoke about the difficulties that comes along with the high-profile job.Rooney stated that as a captain, players look up to you and expect you to be their voice in tough situations and sometimes it creates problems for the skipper itself. “When players aren’t happy, they often go to the captain and you end up being the one to present complaints. That can lead to difficult conversations,” Rooney told The Times. “At one club I was asked to go and tell the manager his training sessions were not good enough. That’s not an easy one. ‘Excuse me, gaffer. The lads think your training’s s***.’ IANS Also Read: Shopping malls reopen. Aarogya Setu must have to enter malls
The best BiH female swimmer Amina Kajraz broke the national record in 100 meters butterfly stroke during the performance in Dubai.In the final race of a competition within the Swimming World Cup 2016, Kajtaz took the sixth place with the result of 59.51.Amina entered the finals by winning the third place in the first qualification group with the result of 1:00:42. During her performance in the Olympics in Rio, Amina achieved a result of 1:01:67.Kajtaz will tomorrow perform in the race at 50 meters butterfly stroke.(Source: klix.ba)
“He’s doing well,” Kerr … Klay Thompson subscribes. You can too for just 11 cents a day for 11 months + receive a free Warriors Championship book. Sign me up!MINNEAPOLIS — No need for Warriors fans to worry about too much about DeMarcus Cousins.Yes, Cousins will miss his second consecutive game when the Warriors (47-22) visit the Minnesota Timberwolves (32-38) on Tuesday because of a sore right ankle. But Warriors coach Steve Kerr offered some good news about Cousins’ progress.
For the first time in a long time, the Warriors enter training camp with more uncertainty than expectations.In the wake of major departures, an extended Splash Brother rehab and eight new players, here are some of the biggest questions facing the team as it gets set to start training camp this week at its shiny new San Francisco facility.1. Who is the fifth starter?As Klay Thompson continues to rehab a torn ACL, the Warriors will have to find a way to backfill his 34 minutes and 21.5 points …
SANTA CLARA – Patiently idle the past two Sundays, the 49ers (3-0) are back in action tonight as the only undefeated team left in “The Field” to challenge perennial Super Bowl contender New England (5-0). Here are nine talking points to discuss before the 5:15 p.m. kickoff against the Cleveland Browns (2-2) at Levi’s Stadium:1. ON THE COACHING CLOCK: Washington (0-5) fired Jay Gruden this morning, so the 49ers’ Kyle Shanahan now has the longest playoff drought (two seasons) among coaches …
CLICK HERE if you are having a problem viewing the photos or videos on a mobile deviceClick here if you’re unable to view the videos or photo gallery on your mobile device.SANTA CLARA – An 8-0 start has given way to three losses in the past six games. Each 49ers defeat has followed a similar, late-game script. Nov. 11: The Seattle Seahawks got the ball with enough time to drive for a winning field goal as overtime expired.Dec. 1: The Baltimore Ravens got the ball with enough time …
Tags:#enterprise#news 3 Areas of Your Business that Need Tech Now Massive Non-Desk Workforce is an Opportunity fo… Cognitive Automation is the Immediate Future of… IT + Project Management: A Love Affair klint finley As we’ve said, time’s are still tough for IT workers despite the relatively large demand for employees with technical skills. At the core of the problem seems to be a mismatch between the skill that unemployed workers have and the skills companies desire. Earlier today we explored some ideas about how IT workers can re-invent the resume to stand-out from other applicants. But what jobs should they be applying for? Data center jobs are an option. But, as reported by Integration Developer News, Forrester believes some IT workers’ future may be in business intelligence.Forrester’s research indicates an explosion of interest in BI and an increasing rate of executive buy-in for BI projects.Forrester suggests that developers, integrations professionals and database administrators are particularly well suited for careers in business intelligence. However, those workers will need to learn additional skills that can only be picked up by participating in BI projects. “Even those IT professionals who’ve worked with dashboards and databases could use an extra dose of BI-specific training,” IDN quotes Forrester vice president and principal analyst Boris Evelson saying.Evelson gave IDN four reasons that IT professionals should learn more about BI and business analytics:Organizations are increasing investment in this area.BI is not easily outsourced and requires quite a bit of face-to-face collaboration with management.BI projects need to be iterated on a frequent and ongoing basis.BI hiring is already up dramatically.So what should you do if you’re interested in learning some BI skills? It’s not enough to just learn tools, Evelson says. Professionals will need to leverage their existing technical and analytics skills while also boning up on the latest database and BI technologies.That’s the rub. It’s not easy to learn these sorts of technologies without being a part of a project. And it’s hard to get involved with a project if you don’t already have the necessary experience.Are you a BI professional? How did you get started? What advice would you offer to either IT workers looking to make a change, or to younger workers just starting a career?Image by GrapeCity Related Posts
Four young student scientists from the Centre for Theoretical Physics, Jamia Millia Islamia are participating at a Summer School in Italy. It is being held at the International Centre for Theoretical Physics and it focuses on Cosmology. Cosmology is the study of the Universe. International Centre for Theoretical Physics is currently hosting its two-week cosmology summer school, which has drawn 210 participants from around the globe. The biggest single group at the summer school is from Jamia Millia Islamia and they have been financially fully supported by the hosts.The summer school is about understanding the Universe, from dark matter to dark energy to gravity to galaxy clusters. It is also designed to expose new cosmologists from all over the globe to new research in the expansive field of cosmology.Remya Nair, one of the participants from Jamia Millia Islamia, displayed her research during a poster session among others. She said she is looking for violations of assumptions about the relationship between the distances of light and space using existing data on galaxies and supernovae.
zoom Icelandic shipping company Eimskip could see a portion of its employees working on the company’s containerships take industrial action after not reaching an agreement with one of the unions.Eimskip’s vessel crewmen who are members of the Iceland Seaman’s Union could go on strike on January 16 if the agreement is not reached by then, Eimskip said.Negotiations between the two parties have been ongoing during recent months Eimskip said without clarifying the source of dispute.Back in February 2016, Eimskip prevented industrial action after reaching an agreement over pay with senior officers aboard its vessels.Eimskip operates a fleet of 20 owned and chartered reefer vessels in the North Atlantic, comprised of a mix of container vessels, refrigerated bulk vessels, and multipurpose container/bulk vessels.