Aon employees unhappy with scheme’s cross-border move

first_imgEmployees of Aon Netherlands have expressed concern over the recent decision to move its pension fund to Belgium, despite the workers’ council (OR) still discussing the matter with employers, according to Dutch financial daily FD. “We haven’t approved anything, and therefore it is strange that the pension fund already has taken such a decision,” Paul Kabel, the OR’s secretary told FD.He indicated that there were still worries among the scheme’s participants about the quality of the Belgian pensions system, and added that a lobby group had been established which was still discussing the issue with Aon.According to the FD, the OR – a statutory representative body of employees – and the employer have different opinions about the scope of the OR’s right of approval. It cited René Mandos, the pension fund’s chairman, who confirmed that the OR had voiced its concerns to both Dutch supervisor DNB and Belgian regulator FSMA.Mandos defended the pension fund’s decision, by saying that the accountability organ of representatives of workers and pensioners had unanimously approved a transfer.However, he stressed that a cross-border move was still subject to the OR’s approval.Almost a year ago, the Aon scheme announced that it was considering placing its pensions in a Belgian IORP.It made clear that its intention came after the employer had terminated its contract for pensions provision with its pension fund, and had transferred pensions accrual to a defined contribution plan with an insurer.For the accrued pension rights under average and final salary plans, “a liquidation of the pension fund, including a collective value transfer, was the most realistic scenario”, the scheme said at the time.According to the pension fund, the employer preferred a transfer to an IORP in Belgium, which could also house pension rights from its Belgian staff, and possibly other European countries.last_img read more

BiH Mountaineers Reached Summit of Kartaltepe on Mount Uludag

first_imgMembers of the Mountain-Ski Association (PSD) Lisin from Sarajevo organized this year a mountain excursion in Turkey, where they reached the top of the summit of Kartaltepe on Mount Uludag.Members of PSD Lisin, together with members of PD Igman, PD Konjuh and the Association of Friends of Nature were in Turkey from 20-30 June 2013.25 mountaineers began the ascent to the top of the mountain. The journey lasted for about a few hours and all mountaineers successfully reached the top.After reaching the top and a bit of rest in Bursa, a tourist excursion was organized through Turkey. They visited Istanbul, Izmir, Pamukkale, Efes and Kušadasi.(Source: klix.ba)last_img read more

Some LAX Hilton workers say union has been bullying

first_img rick.orlov@dailynews.com (213) 978-0390160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! The effort to unionize hotels near Los Angeles International Airport drew criticism Thursday from some employees who work there, even as union supporters announced plans to hold a demonstration today. Several workers at the LAX Hilton challenged some of the claims made by UNITE Here in its organizing efforts at the hotel and said workers who do not want to join the union are being harassed. “As employees of the LAX Hilton, we are tired of being bullied by UNITE Here,” the workers said in a prepared statement. “In these last two years, we have been the target of a campaign not for the betterment of employees or wages or benefits, but simply to increase the union’s membership.” Meanwhile, union supporters announced plans to hold an interfaith rally of religious, political and community leaders today in support of a boycott at the LAX Hilton. “The LAX Hilton has been at the center of a year-long effort to transform conditions for thousands of hotel workers on Century Boulevard,” the Los Angeles Alliance for a New Economy said in a statement. “The hotel spent nearly $250,000 to oppose a living wage for these workers and is challenging the law in court with other hotels.” Several former employees of the hotel recently filed a labor complaint over their dismissals, saying they were fired for their union activities. The LAX Hilton has been targeted for a boycott by the unions, who won the support of City Council President Eric Garcetti. Garcetti last month issued a letter that was sent to potential L.A. Convention Center attendees, urging them to boycott the Hilton and find accommodations elsewhere. last_img read more