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However, the watchdog also noted that recoveries were limited by falling interest rates and rising life expectancy.According to the DNB, equity markets fell by 80% between June 2007 and the end of 2008, while interest rates fell by 20% over the same period.“Over the last five years, the equity index has returned to the initial level, whereas interest rates have fallen further,” it said, adding that the funding index remained somewhere in between.The regulator explained that, using the typical investment mix and interest hedge in the Netherlands, changes in interest rates would have a roughly 50% impact on coverage ratios, whereas equity market changes would have a 40% impact. The DNB’s evaluation of the recovery plans confirmed that 30 pension funds had to apply rights cuts last April, in order to achieve the required funding of 105%.The most recent round of discounts hit 650,000 active participants, 405,000 pensioners and more than 1.2m deferred members in total, while the weighted average of the cuts was 0.84%, according to the supervisor.It said that one pension fund had used the option to limit last April’s discount to 7%, and that the scheme would apply an additional cut in future. Equity investments and hedges of the interest risk on liabilities have been the main drivers for Dutch pension funds’ recoveries since the onset of the financial crisis, according to pensions regulator De Nederlandsche Bank (DNB). Following an evaluation of more than 140 short-term recovery plans, the regulator concluded that schemes with a relative large equity allocation in addition to an interest hedge showed the strongest recoveries.In 2009, approximately three-quarters of Dutch pension funds had to submit a five-year recovery plan, mapping out how they aimed to achieve funding of at least 105% at the end of 2013.The DNB found that the average coverage ratio improved by 15 percentage points over the last five years and attributed the increase largely to the strength of equity markets.
Greensburg, IN —Due to COVID-19, The Kids’ Closet of Decatur County’s back to school opening will look a little different. There will be two chances for kids to shop the clothes racks this August, but they must have an appointment. The organization will not be able to take walk-ins.Shopping will take place on August 13th or 17th at The Learning Center located at 422 E. Central Avenue in Greensburg. Families can sign up for a 20-minute window of time. All children must be accompanied by an adult with proof of Decatur County residency. This is open to children in kindergarten through 6th grade only. Families will be asked to social distance and wear masks. To make an appointment, call the Kids Closet at 812-621-0158.
Search on for 5 Indonesians snatched anew in Lahad Datu Greece responded three minutes later through Zeca, but only one more minute passed before Belgium retook the lead thanks to Lukaku’s header. It was the Manchester United forward’s 10th goal of the qualifying campaign.Victory leaves the Belgians top with an unassailable eight-point lead over second-place Bosnia-Herzegovina. That makes Belgium the first European team confirmed for the World Cup besides host nation Russia.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Belgium is unbeaten in qualifying, with seven wins and a 1-1 draw at home to Greece in March.The Belgians have scored 35 goals and conceded just three in a group where they were considered the overwhelming favorites. Sports Related Videospowered by AdSparcRead Next Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Britain’s Prince Harry and Meghan Markle to give up royal titles Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Police seize P68-M worth of ‘shabu’ in Pasay Don’t miss out on the latest news and information. OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Two goals from Edin Dzeko helped the Bosnians beat Gibraltar 4-0 to leapfrog Greece into second place. Belgium has 22 points, Bosnia-Herzegovina 14, Greece 13 and Cyprus 10.Cyprus’s hopes of qualifying took another blow in a 1-0 loss away to Estonia, thanks to Mattias Kait’s winning goal in the dying seconds.Estonia is fifth with eight points while last-place Gilbraltar has lost all eight matches.ADVERTISEMENT Switzerland wins 8th straight game, Portugal stays close Bishop Baylon encourages faithful in Albay to help Taal evacuees MOST READ Hotdog’s Dennis Garcia dies Britain’s Prince Harry and Meghan Markle to give up royal titles National Historical team rescues Amorsolos, artifacts from Taal LATEST STORIES Belgium’s Romelu Lukaku celebrates at the end of the World Cup Group H qualifying soccer match between Greece and Belgium at Georgios Karaiskakis Stadium in Piraeus port, near Athens, Sunday, Sept. 3, 2017. Belgium won 2-1. (AP Photo/Thanassis Stavrakis)Romelu Lukaku was on target Sunday to give Belgium a 2-1 win over Greece and a place at next year’s World Cup.The Group H fixture was goalless until the 70th minute when Jan Vertonghen blasted the visitors into the lead with a fierce shot.ADVERTISEMENT View comments