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Pope to Catholics: For Lent, give up trolling

first_imgDuring Lent, Catholics are called on to give up something, like sweets. On Wednesday, Pope Francis added a modern twist to the list of things to quit during the season and beyond: insulting people on social media.The pope made his appeal to tone things down while speaking to tens of thousands of people in St. Peter’s Square for his general audience on Ash Wednesday, the start of the 40-day season that leads up to Easter.Lent, he said in partially improvised remarks, “is a time to give up useless words, gossip, rumors, tittle-tattle and speak to God on a first name basis,” he said. “We live in an atmosphere polluted by too much verbal violence, too many offensive and harmful words, which are amplified by the internet,” he said. “Today, people insult each other as if they were saying ‘Good Day.'”In recent years, Francis himself has been the butt of insults from ultra-conservative Catholic websites and mostly anonymous anti-pope Twitter feeds.Twitter has also become a platform for sometimes pitched verbal battles between his supporters and detractors.Later on Wednesday, Francis was due to have ashes rubbed on his forehead at a traditional Ash Wednesday service that reminds Christians of mortality and that everyone will someday become dust.During Lent, which is marked by repentance, fasting and reflection, the faithful are also called on to practice more good deeds, such as alms giving, and to be particularly closer to the needy.Topics :last_img read more

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Pension fund for Alcatel-Lucent to merge with PME

first_imgBecause the equity market downturn had little effect on the scheme, due to its limited stock holdings, it explained that bridging the funding gap with any potential merger partner would now be easier.PME said the transfer of pension rights would be carried out on a ‘funding neutral’ basis.At the end of August, the Alcatel-Lucent scheme’s official policy coverage ratio stood at 97.5%, while PME’s policy funding was 99.8%.The Dutch regulator forced the transfer of pension rights after the Alcatel-Lucent scheme lost its sponsor’s support.Because the scheme was under-funded at the time, it was legally required to liquidate. However, the liquidation process was delayed after a court case between the pension fund and the employer, which the scheme lost last year. PME said Blue Sky Group would remain as pensions provider over the next six months.PME’s regular provider is MN. The merger of the Alcatel-Lucent Pensioenfonds with PME is part of an extensive consolidation process in the Dutch pensions sector. So far, several dozens of predominantly company schemes have joined PME, including the pensions funds of truck maker DAF, car manufacturer Nedcar, the industrial conglomerate Stork and ship yard De Schelde. Over the past six years, the metal scheme has seen its assets increase by €7bn due to value transfers from joining pension funds. PME manages the pension rights of approximately 630,000 participants who are affiliated with almost 1,300 large and medium-sized companies. The €700m Dutch pension fund of telecommunications company Alcatel-Lucent has joined the €40bn metal scheme PME as of 1 October.The Alcatel-Lucent scheme placed the pension rights of its 1,700 pensioners and 2,400 deferred members with the industry-wide pension fund for the metal and electro-technical engineering sectors.Because the sponsor company terminated its contract for pensions provision, the pensions accrual of the scheme’s limited number of active participants has been outsourced to Blue Sky Group since 2012.Last month, the Alcatel-Lucent scheme said it was accelerating its liquidation process to benefit from the recent decline in equity markets.last_img read more

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