Norway founds pension panel to gauge success of 2011 reform

first_imgKristin Skogen Lund, CEO of media company Schibsted, has been named as the committee’s leader.“The main point of the committee’s work is that we want a pension system that is economically and socially sustainable and one that emphasises the value of being able to keep working,” Solberg said.The government said the committee had been given extensive duties – to evaluate whether the long-term goals of the reform had been able to be achieved, and to assess the need for adjustments that could ensure the financial and social sustainability of the pension system.The system should provide good pension levels, it said, while ensuring reasonable burden sharing both within each generation and between generations.“It is therefore important to stick to the main principles of the pension reform,” the government said in its announcement.The reform a decade ago was broadly aimed at increasing pensions flexibility while at the same time encouraging people to work longer.The new committee comprises representatives appointed by Norway’s political parties as well as professionals with specialist knowledge of pensions and public finances, the government said.Labour market interests would be involved via a council which would be established to follow the committee’s work and provide input, it said.Representatives of youth parties would also be invited to provide ideas, in order to make sure the younger generations were involved in shaping the pension system of the future, it added.Torbjørn Røe Isaksen, the labour and social affairs minister, said a pension system had to be predictable and long term, and it could take decades for changes to have full effect.“For this very reason, it is important to facilitate broad political settlements in pension policy,” he said.Besides politicians, the 12-strong committee includes four professors –  Ola Grytten of NHH Norwegian School of Economics in Bergen; Axel West Pedersen of the Institute for Social Research in Oslo; Ragnar Torvik of the Norwegian University of Science and Technology in Trondheim and Kjell Vaage, professor at the University of Bergen.To read the digital edition of IPE’s latest magazine click here. The Norwegian government has announced it is setting up a panel of politicial representatives and pension experts from various sectors, to investigate how successful the last pension reform was – and pinpoint new work that now needs to be done.Norwegian Prime Minister Erna Solberg said: “The pension reform is perhaps the most important welfare reform of recent times.”It was therefore crucial, she said, to evaluate whether the legislative overhaul was working as intended and consider whether any adjustments were now needed.The government has given the new pensions committee nearly two years to do its work, setting a deadline for its final report of March 2022.last_img read more

NBA free agency: Lou Williams, Brandon Bass agree to deals with Lakers

first_img Newsroom GuidelinesNews TipsContact UsReport an Error The most likeliest trade candidate appears to be Young, who has three years worth $16 million left on his contract. The Lakers had visions of Young fulfilling a role Williams excelled in last season. But that dream turned into a nightmare. Young averaged 13.4 points on a career-low 36.6-percent shooting. He and Lakers coach Byron Scott clashed on issues surrounding his inconsistency, playing time and playful personality. Young also opened and ended the 2014-15 season with respective right thumb and left knee injuries that kept him out for a combined 40 games. After missing out on LaMarcus Aldridge, Greg Monroe and DeAndre Jordan, the Lakers also filled their vacant center position by nearing an agreement with Indiana to acquire Roy Hibbert in a trade. The Pacers looked to unload Hibbert’s $15.5 million salary in the final year of his contract amid a reduced role under a fast-paced system. Hibbert has averaged 11.1 points and 6.8 rebounds in his seven-year NBA career. But Hibbert, a two-time All-Star center, has become a proven shot blocker. Talks heating upBoth Jeremy Lin and Wayne Ellington have had “active conversations” with numerous NBA teams that could lead to a deal soon, according to league sources familiar with the situation. The Lakers have made some quality base hits since whiffing on the top targets that defined their free-agent sweepstakes.Lou Williams agreed to a three-year, $21 million deal on Sunday to join the Lakers, a move that shores up their backcourt depth and provides more secondary scoring. The Lakers also plan to sign free-agent forward Brandon Bass, adding to a bloated frontcourt that soon could dwindle to open up cap space. Williams won the NBA’s Sixth Man of the Year award last season after averaging a career-high 15.5 points with the Toronto Raptors. Williams has averaged 11.9 points and shot 34.1 percent from 3-point range in his 10-year NBA career, including stops with the Philadelphia 76ers (2005-12), Atlanta Hawks (2012-14) and Raptors (2014-15). Bass, a 10-year NBA veteran, averaged 10.6 points and 4.9 rebounds in 82 games with the Boston Celtics last season.Williams’ deal has no player or team options, according to a league source familiar with his contract. But the terms of Bass’ deal were not immediately clear since the move may require the Lakers to trade players to free up cap space, with candidates including Nick Young, Ryan Kelly and/or Robert Sacre. Those players are the only ones with guaranteed contracts for the 2015-16 season besides Kobe Bryant, D’Angelo Russell, Julius Randle Jordan Clarkson and Larry Nance Jr., all players the Lakers have no intentions of trading. The Lakers also have a room exception worth $2.8 million.center_img Ellington has sparked interest from the Lakers, Golden State, Cleveland, Washington, San Antonio, Atlanta and New York. Lin has heard from Dallas, Memphis, Indiana, Chicago, San Antonio, the Clippers and the Lakers.It seems unlikely Lin will stay with the Lakers, however, after L.A. drafted point guard D’Angelo Russell. Lin also felt uncomfortable in Scott’s deliberate offense.last_img read more

Lakers’ Roy Hibbert faults himself for team’s poor rebounding

first_img“They’re both great team players,” Hornacek said. “They just do whatever it takes for the team to win.”He said itApparently, the Houston Rockets had no interest in retaining Metta World Peace in 2009 for something that had nothing to do with basketball. The former Ron Artest blamed it on arriving to the team bus in his underwear before the Rockets’ Game 7 loss to the Lakers in the 2009 Western Conference semifinals. The following summer, World Peace signed with the Lakers to a five-year, $33 million deal.“I wanted to stay in Houston. I didn’t want to join the best team (the Lakers). I wanted to play against the best team,” World Peace said. “Houston didn’t offer me a contract. I heard it was because I came on the bus in my underwear. If that’s the story, that’s why, OK.” New environmentThe Lakers assigned rookie forward/guard Anthony Brown to their Development League affiliate, the D-Fenders. Brown, whom the Lakers drafted 34th overall, played sparingly in only three regular-season games. As he played with a nose he believes is broken, Lakers center Roy Hibbert occasionally tugged at his plastic mask to find a comfortable fit. Before shooting a pair of free throws, he even tossed the mask to the sideline.But that wasn’t the only thing that left Hibbert frustrated during the Lakers’ 120-101 loss to the Phoenix Suns on Monday. The Suns outrebounded the Lakers 50-37, including an 18-7 advantage on the offensive glass.Despite posting 14 points on 6-of-9 shooting and a team-leading seven rebounds, Hibbert largely faulted himself.“I have to do a better job of boxing out” Hibbert told Los Angeles News Group. “I need to pursue and keep my guy off the board and go to help out the other guys pursuing the rebound.” Newsroom GuidelinesNews TipsContact UsReport an Errorcenter_img The Lakers have not blamed Hibbert. They have appreciated his defensive hustle and leadership. But with the Lakers (2-9) tied for last in the NBA in rebounding differential (-5.8), Lakers coach Byron Scott said he will implement box-out drills in practice.The Lakers did not practice on Tuesday after playing back-to-back games. But they will have practices on Wednesday and Thursday before hosting the Toronto Raptors on Friday at Staples Center. “Hopefully if he has box-out drills,” Hibbert said, “we’ll box out.”Unselfish relativesIt appears Lakers rookie forward Larry Nance. Jr has taken after his old man. Phoenix Suns coach Jeff Hornacek played with the elder Larry Nance with Phoenix in the 1980s. last_img read more