TTYPE wins partial EC funding for European pension-tracking service

first_imgThe business plan also proposed including Lithuania, which does not currently have an NTS but would be included at this stage due to the small number of local pension providers in need of connection.“Connecting Austria (which has an NTS) and its direct neighbours (which do not have an NTS but have a small number of data providers) will expand the nucleus that started by connecting Poland in Step A,” the business plan adds.“Similarly, connecting the NTS of France will increase the area that started with the [national tracking services] of Belgium and the Netherlands.”Eventually, the remaining European Economic Area countries would also be connected to the ETS.ETS costIn line with the draft business plan published earlier this year, the per-member cost of the ETS was estimated at €0.03, which the consortium estimated would produce revenue to finance the not-for-profit managing entity, STEP, of no more than 10% of that produced by existing NTS.“If all estimated 280m Europeans (within the age range of 25-65) are connected, this should generate enough revenue (and, in time, a lower fee),” the business plan adds, without estimating the likelihood of such a high uptake.It also called on the European Commission to support the project financially.In a letter sent to Marianne Thyssen, commissioner for social affairs, to coincide with the report’s publication, Peter Melchior, chairman of the TTYPE steering committee of Denmark’s PKA, calls for Commission funding.“We calculated that, after the deduction of membership fees [of €3m], approximately €17m is needed in the first five years to cover the costs of developing, connecting and running the ETS,” Melchior writes.“We therefore strongly recommend the European Commission grant substantial financial support.”Melchoir also urges various stakeholders to build on the goodwill built up since the TTYPE Consortium first gathered and push ahead with the launch of the ETS.“Among parties in Europe, there needs to be enough willingness and executing power to step in and do this,” he writes.“The risk here is losing time and momentum. Political and financial support from the EC for future years is a prerequisite. Without sufficient EC support, STEP will not be able to realise its goals.”Speaking at the TTYPE launch event, Thyssen said the Commission was politically committed to the project and would aim to supply funding for the first step of the ETS connecting the Netherlands and Belgium – estimated in the business plan to cost €3.3m.She added that the Commission would later this year also tender for a provider to launch the ETS. The TTYPE consortium – comprising Danish pension provider PKA, Dutch providers PGGM, APG, MN and Syntrus Achmea and the UK and German construction-sector funds B&CE and SOKA-Bau – has been working on the plan since March 2015. A pan-European pension tracking service will take six years to break even and initially be reliant on grants from the European Commission, the venture’s final business plan shows.Unveiling its last business plan after more than a year of intensive work, the TTYPE Consortium – short for Track and Trace Your Pension in Europe – said it envisaged the staged rollout of a European tracking service (ETS), beginning in countries with existing national tracking services (NTS) and significant cross-border worker flow, with initial costs of €13.3m across the three-stage launch.The first step of the process would be for a proof-of-concept to be trialled in the Netherlands and Belgium, eventually being deployed across the Scandinavian countries and Poland.The second step would see the ETS rolled out across countries neighbouring the seven initial participating member states already in possession of an NTS, such as Latvia and Estonia.last_img read more

Talk on Washington sparks dialogue

first_imgThe Price School of Public Policy, in connection with the Mount Vernon Association, hosted the first of its Borthwick Lecture Series on Tuesday.Cherry Tree · USC professor Kevin Starr spoke at an event discussing George Washinton’s connection with the Western frontier. – Min Haeng Cho | Daily TrojanThe discussion on George Washington was sponsored by alumna Maribeth Borthwick, a vice regent for the Mount Vernon Association. USC Professor Kevin Starr spoke on how the West sculpted young Washington and how Washington sculpted the west.The Mount Vernon Association, whose relationship with USC began last October, aims to preserve Washington’s home in Mount Vernon. It has established a library dedicated to Washington and his upbringing, time in the military and presidency. This collaboration came about through the work of Professor David Sloane, also of the Price School, and Douglas Bradburn, professor at Binghamton University and director of the new library.Bradburn introduced the lecture with a vibrant sense of humor, joking about his alma mater, which shares the Trojan as a mascot. His passion for the Mount Vernon Association and their evolving mission was evident.“The Mount Vernon Lady’s Association, at a time when women couldn’t even vote, created a national organization to raise the money to buy [Mount Vernon] and save it. In the last decade they added to that mission and education plank,” Bradburn said. “This new presidential library is part of that new educational mission. The house is transforming from a historic home to a unique educational institution.”Bradburn sees this presence in the West as a necessary part of the national scope of Mount Vernon. Due to USC’s continual rise to intellectual prominence, this partnership seemed inevitable, Bradburn said.Sloane sees the event as beneficial for West Coast students, who live far from, as he calls it, “that place of first democracy,” Washington D.C. He also, however, sees something important for students from the East Coast.“[East Coast students] get to hear Kevin talk about how Washington thought about opportunities of America through the lens of the West,” Sloane said. “One of the reasons they came to USC is similar to the reason that Washington became a teenager surveying the West. He was looking for opportunities just like they are looking for opportunities.”Starr’s lecture focused on how these westward opportunities shaped Washington while he was a surveyor and militiaman.“My sense of Washington comes from the standard biographies, and of course the 152 page of published correspondence, which I recommend you all read; it’ll bring out a new Washington to you, Washington the writer,” Starr said. “All of us readily acknowledge the intellect of the other founding fathers and mothers. But we sometimes overlook this imaginative and intellectual side of George Washington because he did not attend Harvard or Yale but learned based on his own readings.”Starr argued that Washington’s higher education was in fact the Western Frontier of the colonies, present-day Ohio. He proposed that Washington developed his imagination and intellect from his time on that border.He suggested that Washington’s relation to the West echoes even today, with the Northwest Ordinance of 1784 imbued with his populist opinions on expansion. Starr even noted that Washington was a fine dancer with good taste in architecture thanks to his relation to both Europe and the Western Frontier.Though no westward expansion happens today, Bradburn believes the frontier still lives on in the modern-day spirit of innovation, and Sloane connects the West’s association with freedom with modern day California.Ultimately, Bradburn believed the Borthwick Series, the Price School and the Mount Vernon Association represent what this generation needs.“One of the things we want to emphasize is to try and convince people to chose public service, to take up the challenge of trying to serve the public good,” Bradburn said. “[Washington’s] story is a great way to understand what that could mean. I think that your generation, which is close to my generation, there’s a real desire for a call to action, to be pushed, to say you can be great and can make the world a better place.”More Borthwick lectures are to follow as this partnership grows. The lecture in full will be posted to the Price School’s YouTube Channel.last_img read more

NBA Draft: Who is Josh Hart, the Lakers’ 30th pick?

first_imgPosition: Shooting guard/small forwardHeight: 6-foot-5Stats: Led the Big East with 18.7 points per game.Honors: Consensus First-Team All-American. Big East Player of the Year. Big East Co-Defensive Player of the Year. Was part of the Wildcats’ 2016 national championship team.What they say: An Eagle Scout off the court, Hart is respected for his competitiveness and basketball IQ. Good size and strength. With the 30th pick of the 2017 NBA Draft, acquired via a trade with Utah, the Lakers selected Josh Hart.Here’s a quick look at whom the Lakers are getting: AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersSchool: VillanovaYear: SeniorAge: 22center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more