House approves Rep LaFaves bill to increase retirement funding for thousands of

first_img Categories: LaFave News,News 07Nov House approves Rep. LaFave’s bill to increase retirement funding for thousands of teachers The Michigan House today approved state Rep. Beau LaFave’s bill that will help more than 4,000 teachers and other school employees with their retirement savings.The bill would ensure that all Michigan public school employees who switched from a pension to a 401(k)-style plan are eligible for an improved savings option approved by the Legislature earlier this year.  LaFave’s bill would open up the enhanced option to school employees who originally chose to switch to a 401(k) plan in 2012, freezing their pension benefits.“I’m honored to fight for boosting the retirement savings of thousands of hard-working Michigan teachers,” LaFave, of Iron Mountain, said after his bill was approved by the House. “What we’re doing here is simply an issue of fairness. If public school employees are in the 401(k) plan, they should have the same savings options available to their state senators and representatives.”The switch allows the affected employees to receive an additional employer match of up to 3 percent of their compensation for their 401(k) savings plans. The extra match comes on top of an automatic employer contribution equal to 4 percent of compensation.It’s the same 401(k) plan available to state employees.The 4,000-plus school employees affected by this change were not included in employee retirement reforms signed into law in September.The bill advances to the Senate for consideration.#####The legislation is House Bill 5093.last_img read more

Apples fourth generation Apple TV box Apple is re

first_imgApple’s fourth generation Apple TV boxApple is reportedly testing a fifth generation version of Apple TV that will support ultra high definition content.According to Bloomberg, the update could be released as early as this year with the device able to stream 4K resolution pictures and “more vivid colours”, implying high dynamic range capabilities.The new box will run on a faster processor than the current generation of Apple TV and is being referred to internally as ‘J105’, the report said.The news comes in the same month that Apple appointed the director and general manager of Amazon’s Fire TV product, Timothy Twerdahl, to work on Apple TV.Twerdahl, who has also previously worked for Roku and Netflix, confirmed his new role as a VP at Apple on his LinkedIn profile. It is understood that he will report to iPhone marketing VP Greg Joswiak.Separately, Apple’s SVP of internet software and services, Eddy Cue, confirmed at a conference this week that Apple’s first original TV programmes – Carpool Karaoke and Planet of the Apps – will launch on Apple Music in the “next few months”.Cue said that Apple has a “real opportunity in the TV space” but is interested in doing programmes that aren’t being done by anyone else – ones that take advantage of its platforms.On Apple’s most recent earnings call, CEO Tim Cook said that he expects Apple’s participation in the television space to accelerate as the cable bundle begins to break down, with its Apple TV set-top providing a firm grounding for doing so.“We started the new Apple TV a year ago, and we’re pleased with how that platform has come along. We have more things planned for it but it’s come a long way in a year, and it gives us a clear platform to build off of,” said Cook.last_img read more

THE PSNI are appealing for information following a

first_img THE PSNI are appealing for information following a quad bike was stolen from a garage.Police say the theft happened at a house in the Kilcul Road area of Claudy.Sometime between 10.30 pm on Thursday, 1 February and 8.50 am on Friday, 2 a green Yamaha Grizzley 450 quad bike was stolen from the garage at a dwelling. ShareTweet Police in Strabane say:”Anyone who noticed any suspicious vehicles or persons in the area should contact the non-emergency number 101, quoting reference 218 02/02/18.22Alternatively, information can be provided to the independent charity Crimestoppers on 0800 555 111, which is 100% anonymous and gives people the power to speak up and stop crime”POLICE APPEAL AFTER QUAD BIKE STOLEN FROM GARAGE was last modified: February 7th, 2018 by John2John2 Tags:center_img claudyKILCUL ROADPOLICE APPEAL AFTER QUAD BIKE STOLEN FROM GARAGEPSNISTRABANE POLICEtyronelast_img read more