Jeremy Woolfe: British officials fret over EU pension obligations

first_imgFurther reinforcing the position of British personnel is Article 83 of the EU staff regulations, which states that “benefits paid under this pension scheme shall be charged to the budget of the Union”, while member states “shall jointly guarantee payment of such benefits”.Félix Géradon, of the Union Syndicale, the major union for public-service employees, thus says that one could imagine the remaining EU member states could well request that the UK assume some responsibility for the overall pension expenditure, as part of the ultimate Brexit agreement.As for background figures, the total annual outgoings towards pension payouts for all national groups and for all the EU institutions are estimated, by the Commission, at more than €1.6bn for this year. It is on this – and on the basis that UK participation in the total head-count is low (3.8% in the Commission itself, for example) – that the annual €16.4m pension cost for Brits is based.When it comes to capital liability, according to a Commission source, the EU officials’ pension scheme functions as a “notional fund”, not as a pay-as-you-go scheme. Hence, the argument is, if the liability were to be handed over to a fund, it would have been, for 2014, €58bn. This pension liability is as calculated annually under the International Public Sector Accounting Standard (Ipsas-25). Along the same lines, the total proportion of capital liability for the UK appears to be around €2.2bn.  Evidence of anxiety among British pension beneficiaries, present and future – including, presumably, from Brits in the London-based European Banking Authority – is in the air. One senior British official in Brussels tells IPE that instructions had been sent to Commission staff not to answer questions from the press. And, unusually for him, he did not.Another commentator adds to the disquiet – a Commission retiree informs IPE that enforcement of any judgment, from the European Court of Justice would be beyond the remit of the court. Backing this up, the court itself states that it is up to the relevant member states to implement any ruling.Bearing this in mind, when it comes to the crunch, will the 27 national governments remaining in the EU take their payment-obligation position lying down? Will they agree, during forthcoming Brexit negotiations, to have their taxpayers support the “treacherous” interests of its British “adversary”? And could the opposite, then, apply to any future UK government as well?All of these unanswered questions would seem to justify British officials’ increasingly nervous nail-biting. Our man in Brussels wonders where the post-Brexit burden of UK officials’ pensions might lieFuture negotiations over the UK’s shock decision to leave the European Union (EU) could raise questions over annual payments and capital liability related to pensions for British citizens who work, or have worked, at the various EU institutions. On current estimates, the sums involved represent around €16.4m per year, or a capital total of something to the tune of €2.2bn.As a result, there exists some disquiet among the estimated 1,730 UK nationals now retired from EU institutions. Also involved are the existing British-citizen, EU employees with future pension claims. Their total head count is roughly the same, and includes a precise 1,164 currently working in the European Commission.The vital question is where the burden should fall following the finalisation of the Brexit process. From a legal point of view, the remaining EU 27 member states will have to continue paying the pensions of former staff. This position was supported by a recent letter from EC president Jean-Claude Juncker to British personnel, reassuring them that they “remain Union officials”. Martin Schultz, head of the European Parliament, related a similarly cosy message.last_img read more

Gervonta Davis vs. Hugo Ruiz: Fight date, time, price, how to watch and live stream

first_imgGervonta Davis kicks off his 2019 when he defends the WBA super featherweight championship against Hugo Ruiz on Saturday, Feb. 9 at the Dignity Health Sports Park in Carson, California.Originally, Davis (20-0, 19 KOs) was supposed to take on former three-division world champion Abner Mares. But Mares pulled out last week to what had been described as an elbow injury. There was more to the story, though, as Mares revealed Sunday on “Inside PBC Boxing” that he suffered a detached retina in his right eye during a training session and that was the real reason for pulling out of the fight. Scouring for a replacement, Ruiz wound up being chosen. Gervonta Davis record and bioName: Gervonta DavisNationality: AmericanBorn: November 7, 1994Height: 5-5 ½ Reach:  67 ½”Total fights: 20Record: 20-0 with 19 knockouts.Hugo Ruiz record and bioName: Hugo RuizNationality: MexicanBorn: September 21, 1988Height: 5-10 Reach:  72″Total fights: 43Record: 39-4 with 33 knockouts.Gervonta Davis vs. Hugo Ruiz fight cardMatchupClassBeltGervonta Davis vs. Hugo RuizSuper FeatherweightWBA (Super)Mario Barrios vs. Richard ZamoraJunior Welterweight…Javier Fortuna vs. Sharif BogereLightweights…Erickson Lubin vs. Ishe SmithJunior Middleweight… Join DAZN to watch Machado vs. Cancio plus more than 100 fight nights a yearDavis is one of the most exciting fighters in the sport and perhaps the best at 130 pounds. The issue with Davis has been any time he seemingly gains momentum, something happens to halt it. After demolishing Jose Pedraza to win the IBF title in January 2017, Davis followed it up four months later by going to England and stopping Liam Walsh in three rounds. Then, he got put in the high profile position to be on the Floyd Mayweather-Conor McGregor card against Francisco Fonseca in August 2017. Davis, though, showed up missing weight by two pounds and was subsequently stripped of the belt. He returned from an eight-month layoff and knocked down Jesús Cuellar three times to win by third-round TKO and capture the WBA belt. For reasons unknown, Davis didn’t step inside the ring for the remainder of 2018 even though he made it clear on social media that he wanted to fight. The 24-year-old has vowed that starting with Saturday’s clash with Ruiz that he will fight three times in 2019.The 30-year-old Ruiz (39-4, 33 KOs) is a former bantamweight and super bantamweight champion. Most recently, Ruiz moved to featherweight and defeated Alberto Guevara by unanimous decision on the Manny Pacquiao-Adrien Broner undercard in January. Ruiz is a solid fighter, who will provide a harder test than most think, but it’s a bout Davis should win. That being said, it’s a fight, so you can never fully count anyone out. (All times Eastern.)When is the Gervonta Davis vs. Hugo Ruiz fight?Gervonta Davis vs. Hugo Ruiz commences on Saturday, Feb. 9. The main card begins at 10 p.m. Davis and Ruiz are expected to make the walk to the ring for the main event at around 12:30 a.m.How do I watch Gervonta Davis vs. Hugo Ruiz?The Davis vs. Ruiz fight can be seen on Showtime and can be streamed on the Showtime app.Where is the Gervonta Davis vs. Hugo Ruiz fight?Gervonta Davis and Hugo Ruiz will fight at the Dignity Health Sports Park in Carson, California. Davis competes in California for the first time.Gervonta Davis vs. Hugo Ruiz betting oddsAccording to, Gervonta Davis is a -5000 favorite, which means you’ll need to bet $5,000 to win $100. Meanwhile, Ruiz is a +1955 underdog, meaning if you bet $100, you could win $1,955. last_img read more