first_imgRelatedNew Civil Servants Could Begin Paying Pension Contribution January 2013 RelatedNew Civil Servants Could Begin Paying Pension Contribution January 2013 FacebookTwitterWhatsAppEmail The Joint Select Committee on Pension Reform has recommended that new civil service employees should begin paying a contribution of five per cent of their earnings towards their pension, as of January 1, 2013. Minister without Portfolio in the Ministry of Finance and Planning, Horace Dalley, opened the debate on the report from the Committee, in the House of Representatives, on November 6. It was also recommended that existing public sector workers should begin contributing to their pension in the new fiscal year of 2013/14. “The Committee was conscious of the fact that it ought to be an Executive decision and that the Cabinet should decide if it is April 1, 2013,” Mr. Dalley said. The Committee also recommended that the Government retains the defined benefit model as it is felt that the “benefits would be adequate and the operations of the new arrangement would be transparent and efficient.” “We are proposing that there be established a segregated fund under Trust, as the cost will be fiscally maintainable. The new arrangement would be secure and the operations of the new arrangements would be transparent and adequate,” Mr. Dalley said. “All employees from the implementation date will contribute five per cent of salary. This will result in the cost being fiscally sustainable (with) more equitable benefits,” he added. It was also recommended by the Committee that the Government continues to contribute $17 billion per annum for 40 years to fund the legacy portion of the liabilities with pensioners who are already on the pension roll. Mr. Dalley informed that under the new pension scheme an actuarial review would be conducted every three years or earlier if there are any significant changes in the economic environment of the country. “There is a team working on the implementation and we feel that we will be ready for all new entrants for January 1, 2013 to start to pay into this pension fund,” the Minister said. The retirement age for all workers will also be raised from 60 to 65 years, except for members of the security forces. The debate was suspended to facilitate contributions from other members of the House of Representatives. The White Paper on Pension Reform is expected to be tabled in the House of Representatives before the end of November. RelatedNew Civil Servants Could Begin Paying Pension Contribution January 2013center_img Advertisements New Civil Servants Could Begin Paying Pension Contribution January 2013 Finance & Public ServiceNovember 8, 2012last_img read more

first_img Facebook Previous articlePringle calls for more authority for Ombudsman for ChildrenNext articleOlder man assaulted in his home in Newtownstewart News Highland By News Highland – February 4, 2021 Harps come back to win in Waterford DL Debate – 24/05/21 Twitter AudioHomepage BannerNews Derry draw with Pats: Higgins & Thomson Reaction Pinterest Pinterest Twitter Google+center_img RELATED ARTICLESMORE FROM AUTHOR WhatsApp Dangerous state of footpaths in Glenties raised in Dáil Some of the footpaths in Glenties are said to be posing a real danger to pedestrians in the town. It’s been claimed that a number of people have tripped and fallen and that many have suffered serious injuries as a result.The Minister for Transport and the Minister for Local Government are being urged to sanction the necessary funding for upgrade works as a matter of urgency.The issue has been raised in the Dail this week by Donegal Deputy Pearse Doherty.Brian Carr from the Glenties Development Group says the issue is worsening every day:Audio Player Up/Down Arrow keys to increase or decrease volume. Journey home will be easier – Paul Hegarty Google+ Facebook FT Report: Derry City 2 St Pats 2 WhatsApp News, Sport and Obituaries on Monday May 24thlast_img read more

first_imgRenewablesHydroelectric Facebook New York Gov. George E. Pataki proposed using low cost hydropower from the New York Power Authority to lure industries to relocate to western New York. NYPA’s hydropower from the Niagara power project is priced at less than 2¢/kw-hr. Up to 17,000 kw is available, having been relinquished by businesses no longer using the electricity or recaptured from companies unable to keep job commitments in their contracts for the hydropower. Pacific Texas Pipeline & Transportation Inc., a unit of Pacific Texas Corp., Phoenix, Ariz., is in final discussions with an undisclosed banking syndicate to fund its proposed $1.3 billion West Texas-to-Arizona gas pipeline, said Pres. Michael Owens. The proposed 800-mile, 36-in. line would carry about 1 bcfd to local distribution systems and electric power plants supplying parts of Arizona and California. 1.30.2002 TAGSEDFNYPA Twitter Nisource Inc., Merrillville, Ind., will boost the balance sheet this year, including paying down debt and improving liquidity. These measures will include selling the Indianapolis Water Co. and a utility locating business, continued reductions of operating and capital costs, and the sale of equity subsequent to the resolution of its pending rate investigation with the Indiana utility regulators. South Carolina Electric & Gas Co., a unit of SCANA Corp., Columbia, SC, sold $300 million principal amount of 6.625% first mortgage bonds due Feb. 1, 2032. The bonds were priced to SCE&G at 98.326% and are being offered to the public to yield 6.687% to maturity. SCE&G will use the net proceeds to repay short-term debt.Composite Power Corp., signed a 50-year lease with the US Department of Energy for a 1,000 acre power plant site located near Richland, Wash. The company proposed using the two partially completed nuclear sites to build an industrial/energy park with a 2,500 Mw gas-fired central power station. Excess power will be sold into the Northwest power grid. Voith Hydro supplying pumped storage equipment to pair with Idaho combined solar-wind project Previous articleNew project to drill for potential nuclear waste storage sites off coast of JapanNext articleTXU predicts 20% rise in 2002 first quarter net income chloecox OG&E Electric Services, a unit of OGE Energy Corp., Oklahoma City, Okla., said about half of a proposed $22 million rate increase will be spent increasing security. The additional $12 million will be invested in increased system reliability and on rising utility costs, the company said. The company said it would not seek another increase for at least 3 years.European Union Energy Commissioner Loyola de Palacio, who is also presiding the energy ministers council over the first half of 2002, told the French daily Le Monde that she was “prepared to seek flexibilities” to obtain France’s agreement to the liberalization of the EU’s electricity market at the European Barcelona summit in March. She appeared ready to endorse a position outlined by Electricité de France to open industrial markets in 2003-2004. Last year, France, backed by Germany, opposed full opening of the market by 2005.Canada’s Brighton Beach Power LP, a partnership formed by ATCO Power Ltd. and Ontario Power Generation (OPG), signed an energy conversion agreement with Coral Energy Canada Inc. for the proposed 580 Mw combined cycle Brighton Beach Power Station in Windsor, Ont. Coral will deliver gas to the plant and will own, market, and trade all the electricity produced. Coral expects to sell power from the plant in the Ontario electricity market when it opens May 1.The Michigan Public Service Commission granted Cook Inlet Power LP, Los Angeles, Calif., a license as an alternative electric supplier to sell electric generation to Michigan retail customers. The PSC has approved fourteen previous licenses. Michigan retail customers could choose an electricity supplier beginning Jan. 1. The staff of the Public Utilities Commission of Ohio recommended approving a modified version of Cincinnati Gas & Electric Co.’s request for a natural gas rate increase. The company sought a rate increase of 5.68% or $26 million. The staff recommended a rate increase of 2.66-3.45% or $10.9-$14.1 million. Linkedin Indonesian state oil company Pertamina said it will seek an out-of-court settlement with independent power producer Karaha Bodas, a joint venture among US, Japanese, and Indonesian interests over a deal gone bad. The oil company also said it will appeal a $1 million award by an arbitration panel to the power company after Pertamina canceled a power contract. TC PipeLines LP, Calgary, said the Federal Energy Regulatory Commission has issued a final certificate, approving the proposed $60 million expansion of Tuscarora Gas Transmission Co.’s pipeline system. The 14-mile extension from Reno to Wadsworth, Nev., will increase Tuscarora’s capacity to 220 MMcfd from 127 MMcfd.The Federal Trade Commission granted NorthWestern Corp.’s request for early termination of the waiting period for its pending $1 billion acquisition of Montana Power Co.’s energy transmission and distribution business. With the FTC clearance, NorthWestern, Sioux City, SD, has received all regulatory approvals to complete the Montana Power transaction in the next few weeks. Jan. 30, 2002 — NRG Energy Inc., Minneapolis, Minn., will build 6,430 Mw less of generating capacity by 2005 than it originally planned. The company previously stated its growth projection was 37,000 Mw by 2005. As a result of project cancellations and construction deferrals, NRG’s revised growth projection is 30,570 Mw by 2005. The company also will reduce 2002 construction expenditures by $1.1 billion but will invest $1.9 billion to complete facilities already under way. NRG said it will sell 650 Mw this year raising $350-$400 million. Twitter Avista Utilities’ 2021 electric IRP includes upgrades to existing hydropower Facebook By chloecox – Linkedin RELATED ARTICLESMORE FROM AUTHOR Power Notes No posts to display Hitachi ABB Power Grids to modernize 1.2-GW Chinese hydropower plant The Michigan Public Service Commission authorized nine Michigan electric cooperatives to use deferral accounting for their costs associated with the implementation and administration of electric customer choice in their respective service territories. The PSC concluded granting the request does not guarantee recovery of these costs and directed the cooperatives to file a rate case.last_img read more

first_imgXiques petitions for Bar reinstatement X iques petitions for Bar reinstatementPursuant to Rule 3-7.10, Alberto Jose Xiques has petitioned the Supreme Court for Bar reinstatement.Xiques was suspended for three years effective nunc pro tunc July 2, 2007, as a result of his entering an unconditional guilty plea and consent judgment for discipline based on his mishandling of several real estate transactions wherein he failed to properly maintain and apply trust account funds only to the purpose for which they were entrusted.Any persons having knowledge bearing upon Xiques’ fitness or qualifications to resume the practice of law should contact Jennifer R. Falcone Moore, The Florida Bar, 444 Brickell Ave., Rivergate Plaza, Suite M-100, Miami 33131-2404, phone (305) 377-4445. December 1, 2012 Regular Newslast_img read more