Finance ministry hiring actuarial services to assess retirement schemes
National
January 12, 2021
ISLAMABAD: The Ministry of Finance has decided to hire actuarial services from qualified actuarial firms to assess and determine the Retirement Benefit Schemes liabilities of the federal government as on June 30th 2020.
The federal government has a Defined Benefit (DB) Pension Scheme for all its civil servants. It also has a contributory provident fund scheme besides a post-retirement medical benefits. The scope of work for hired consultant firms include reports for pension, general provident fund and medical schemes of the federal government for both civil and military service for all forms of pension systems applicable whether Contributory Pension Funds or gratuities paid to contract employees. Scope of work also includes policy options for a new Defined Contribution Pension Scheme for the newly hired in the government. The Federal Government employs some 1.36 million individuals
If you won a lottery jackpot, would you buy something big right off-the-bat or would you put the winnings in the bank and live as if you hadn't won anything?
Bob Kroll to retire as Minneapolis police union chief
Kroll has proven a controversial figure during his time in charge of the MPD union.
Author:
Controversial Minneapolis police union president Lt. Bob Kroll is retiring at the end of January.
That s according to KSTP, which confirmed that Kroll will step down from his position at the Police Officers Federation of Minneapolis four months earlier than he d planned, with Kroll revealing his intentions in a letter to members.
Per KSTP, Kroll announced he d be retiring after reviewing the bigger picture, saying stepping down early is in my family s best interest.
In his letter, he lamented how his profession has been demonized and criticized weak administrations that pandered to armchair quarterbacks, albeit without identifying anyone by name.
Dreamstime
The escalating furor about the role of social media in radicalizing the Far Right supporters of President Trump has shed renewed focus on potential reform of Section 230, the provision of federal law that protects online companies from being sued for content created by third parties on their platforms.
Elimination of Section 230 protections certainly would have ramifications for
Facebook (FB) and Google’s
Alphabet (GOOGL) but it would also cause disruption for a wide range of Internet businesses that rely on user-generated content.
In a research note on Monday, Gordon Haskett analyst Robert Mollins makes this exact point in regard to