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Woolworths ups retirement age to save pensions

first_img Comments are closed. Woolworths is to raise the age at which new members of its final-salarypension scheme can retire from 60 to 65 years old. The retailer, which employs 30,000 staff, is just another in a line ofemployers changing pension provision as longer life expectancy and lowerinvestment returns have made financing some pension schemes too costly. Woolworths said that increasing the retirement age meant it could afford tokeep its final-salary pension, when many rivals were abandoning theirs. Joan Howard, Woolworths group HR director, said the final salary scheme wasa powerful tool for recruiting, retaining and rewarding staff throughout thegroup and is highly regarded by employees. “We have had an intensive internal communications programme as well asa pensions helpline, and have yet to receive any negative responseinternally,” she said. Woolworths is the third high-profile employer in four months to announceplans to raise the retirement age. Related posts:No related photos. Woolworths ups retirement age to save pensionsOn 1 Jul 2003 in Personnel Today Previous Article Next Articlelast_img read more

In the Arboretum, another world

first_imgDriving through city streets to Harvard University’s Arnold Arboretum in Jamaica Plain is not a ride meant for an out-of-towner. Snaking my way out of congested Harvard Square, I pass over the detour-ridden BU Bridge and finally onto the Arborway, where other motorists nearly squeeze me out on the narrow turns.But when I finally park the car and step into the lush forest in the city, I can’t help but be transformed. It is the same aaah moment you experience when you pass through the gritty underbelly at Fenway into the gorgeous lush green of the ball field on the other side. You just can’t help but smile.The Arboretum is so serene and languid it seems imaginary. On a warm summer day, dogs and runners and bicyclists all share the nearly silent space under the shade of giant and rare trees of odd shapes and sizes. On Conifer Path, raspberries grow under a Ponderosa pine. The tree’s five arms jut out from its central trunk, looking oddly like the spokes on the wheels of the bicycles that pass by. The crimson-colored trunk of a Japanese red pine is conspicuous in the depth of its color yet at home among other rare conifers on Bussey Hill.In 1872, Benjamin Bussey bequeathed the land to Harvard College “for the creation of an institution for instruction in farming, horticulture, botany, and related fields.” His philosophy continues to this day. Signs along pathways read “Experiment in progress” and “What’s going on?” instructing visitors who might be curious about why branches of bushes are wrapped in plastic bags, or why they shouldn’t step on newly planted moss.If you listen carefully, you can hear the cars buzzing along the Arborway, but mostly you hear the birds, the wind, and the soft laughter of the other visitors, transformed by the beauty of the Arboretum and our shared good fortune of experiencing an aaah moment in the middle of a crowded city. Branching out: A spoke-like tree. Afternoon delight White oaks jut out from this diaphanous field. Behind the locked gate: Majestic plants await behind the Hunnewell Building’s spiraled gate. Dewy: Blossoms stretch for the honeyed light at the Arnold Arboretum. Moss and stones in Arnold Arboretum. Rose Lincoln/Harvard Staff Photographer This Japanese Red Pine frays and splinters in the sun. Juicy: A raspberry plant bears fruit. Lover’s lane: A couple meanders through the Arboretum.last_img read more

United move close to Blind deal

first_img Press Association Louis van Gaal hopes to boost his Manchester United squad by completing the signing of Daley Blind before the transfer window shuts. United confirmed on Saturday morning they had agreed a fee with Ajax for the versatile 24-year-old. Blind is expected to fly to Manchester to agree personal terms and undergo a medical before Monday’s 11pm transfer deadline. center_img Van Gaal, who has already signed four players this summer, said after the 0-0 draw at Burnley: “He’ll come to Manchester to have a medical, and then we might have a new player.” The deal to bring Blind to Old Trafford is thought to be worth around £14million. Blind was part of Louis van Gaal’s World Cup squad earlier this summer and is the son of former Holland defender Danny Blind. The Ajax youth academy product can play in a variety of positions, including left-back and in central midfield. After watching his team go four games without a win, Van Gaal thinks his squad is in need of an overhaul. The 20-time English champions have been linked with a move for Arturo Vidal, but are understood to be cautious about bidding for the Juventus midfielder due to his knee injury. Another target is Roma’s Kevin Strootman, but he again is also just coming back from injury. Van Gaal is expected to sell a number of fringe players before Monday night. Tom Cleverley is in talks with Aston Villa, Shinji Kagawa has been linked with a return to Borussia Dortmund and Javier Hernandez is a reported target for Juventus. When asked about Kagawa after the draw at Burnley, Van Gaal said: “We’ll have to wait and see, because players are deciding (to leave) at the last minute, not the manager.” last_img read more

As NBA shakes and stirs with free agency, Lakers wait on Kawhi Leonard

first_img Lakers, Clippers schedules set for first round of NBA playoffs AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersA Yahoo Sports report indicated that Leonard, a Riverside native, would not take any official meetings with teams on Sunday. It was in stark contrast to many of his peers, as reports leaked about Durant, Irving, Walker and others even prior to the 3 p.m. PDT official start of the free agency negotiating window. The only reported contact Leonard’s camp had made to anyone connected to a team was a phone conversation with former president of basketball operations Magic Johnson, who the NBA won’t allow to be a part of the Lakers’ official pitch meeting.With Anthony Davis and LeBron James already in the fold, the Lakers have designs on perhaps the most talented frontcourt ever assembled. All three averaged more than 25 points and 7 rebounds per game last year. James, 34, would have a chance to distribute to Davis, an elite pick-and-roll partner, and Leonard, a wing who can score from every level. Davis and Leonard are also considered among the best defenders at their respective positions.In at least one respect, free agency gave the Lakers a gift. The swift movement by high-level stars means the crosstown rival Clippers – widely considered one of the contenders for Leonard along with the Toronto Raptors – can’t pair Leonard with another free agent max-contract player. The Raptors’ chances of re-signing their star might also have been hurt by other Eastern contenders sharpening their knives as Toronto continued to wait on Leonard.If Leonard wishes to team up with stars, the Lakers offer him the clearest path. But Leonard’s motives, apart from a reported desire to return to Southern California, aren’t particularly well understood. Leonard is expected to take his meetings in Los Angeles in the coming days.Related Articles Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed How athletes protesting the national anthem has evolved over 17 years Lakers practice early hoping to answer all questions A tier below the stars, starters and role players were snapped up quickly. Some highly-regarded veterans came off the market in the first day, notably J.J. Reddick to New Orleans, DeAndre Jordan to Brooklyn, Trevor Ariza to Sacramento, Taj Gibson to New York, Bojan Bogdanovic to Utah and Terrence Ross back to Orlando. The Indiana Pacers executed a sign-and-trade for Malcolm Brogdon, while the Knicks snatched Julius Randle as a Durant consolation prize.On a day when many of the contenders seemed to be adding finishing touches, the Lakers are still trying to build the foundations: Only Davis, James, Kyle Kuzma and rookie Talen Horton-Tucker are projected for roster spots so far.Notably, it was a quiet day for Lakers from last season: free agents JaVale McGee, Rajon Rondo, and Kentavious Caldwell-Pope among others had little reported movement. Late Sunday, the Knicks reportedly agreed to terms with Reggie Bullock, who was a target for the Lakers to re-sign. Mike Muscala, another midseason acquisition of the Lakers last year, agreed to terms with the Oklahoma City Thunder. Johnathan Williams and Alex Caruso are both restricted free agents who could receive offers from other teams later in the week.center_img Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers Only a few hours into free agency, NBA teams had agreed to more than $2 billion in contracts to be shelled out over the next five years.The Lakers, on the other hand, were still waiting for a meeting with the star they covet more than anyone.Big-game hunting requires patience, and the flurry of activity during the first official day of free agency tested that. Some of the biggest names committed to huge contracts: Kevin Durant and Kyrie Irving joined the Brooklyn Nets. Kemba Walker agreed to terms with the Boston Celtics. The Philadelphia 76ers arranged a sign-and-trade to send Jimmy Butler to the Miami Heat, then agreed to long-term deals with Tobias Harris and Al Horford. The Warriors eased themselves after Durant’s departure by re-signing Klay Thompson to a five-year max deal.With virtually every max-level player destined for other places, the Lakers’ focus narrowed in on the man that they believe could make them title favorites: Kawhi Leonard. But the stakes also are higher than ever – there’s no other elite star on the market if they miss out on the 6-foot-7, 28-year-old forward. One of the Lakers’ most frequently discussed back-up plans evaporated Sunday night, when the Warriors agreed to a sign-and-trade for former Lakers lottery pick D’Angelo Russell. In signing Irving, the Nets ended Russell’s Brooklyn tenure. The Lakers had interest in bringing back the point guard they traded away in 2017. Now Russell is expected to be under contract with Golden State for the next four seasons. Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more