First Lady Frances Wolf Hosts Roundtable on Equal Pay, Encourages Continued Action to End Gender Pay Gap in Pennsylvania

first_imgFirst Lady Frances Wolf Hosts Roundtable on Equal Pay, Encourages Continued Action to End Gender Pay Gap in Pennsylvania Economy,  Equality,  First Lady Frances Wolf,  Jobs That Pay,  Press Release,  Women’s Rights Harrisburg, PA – First Lady Frances Wolf and members of the Pennsylvania Commission for Women today joined business leaders, lawmakers and advocates for a roundtable discussion at the Governor’s Residence focused on Governor Wolf’s executive action to address the gender pay gap in state government and the need to enact similar policies to protect all women in Pennsylvania from gender-based pay discrimination.“When women are paid just 79 cents on the dollar of what men are paid, we have a real problem. And the problem is even worse for women of color with African American women making just 63 cents on the dollar of what men are paid,” the First Lady Wolf said. “We have taken steps to eliminate the gender pay gap for Pennsylvania state employees, but we need to do more. Working together, I know that we can make equal pay for equal work a reality for all Pennsylvanians.”On June 6th, Governor Wolf signed Executive Order: 2018-18-03 – Equal Pay for Employees of the Commonwealth, which directs state agencies under the Governor’s jurisdiction to:No longer ask job applicants their salary history during the hiring processBase salaries on job responsibilities, position pay range, and the applicant’s job knowledge and skillsClearly explain the pay range on job postingThe Executive Order, which applies to management-level positions, takes effect 90 days from the day it was signed.“The gender pay gap is wrong. It is wrong for women, it is wrong for families and it is wrong for Pennsylvania,” said Randi Teplitz, chair of the Pennsylvania Commission for Women. “The Commission for Women was proud to stand with Governor Wolf when he signed his executive order banning this practice in state government, but now we must come together to ensure that no woman in Pennsylvania is paid less simply because of her gender.”The First Lady was also joined by advocates who have been strong voices to end the pay gap in the state capitol and throughout Pennsylvania, including the American Association of University Women.“Pay equity is not just a matter of fairness but the key to families making ends meet,” said AAUW-PA Public Policy Co-Chair Barbara Price. “Wage discrimination limits women’s choices and has real consequences. It impairs their ability to buy homes and pay for a college education and limits their total lifetime earnings, thereby reducing their retirement savings and benefits.”Women working full time, year-round in Pennsylvania are paid just 79 cents on the dollar of what men are paid. That gap widens among women minorities, with black women making 63 cents on the dollar, Native American women making 57 cents on the dollar, and Latina women making 54 cents on the dollar. Pennsylvania ranks 29th out of the 50 states for pay disparity, and fifth among its seven surrounding states.Tomorrow, August 7, 2018, is Black Women’s Equal Pay Day, which signifies how long into the year it takes an African American woman to make the same amount of money a man makes for the year prior. This means that a black woman would have to work more than 200 additional days to make the same amount of money a white man makes in a year. August 06, 2018center_img SHARE Email Facebook Twitterlast_img read more

​Norwegian councils band together to form €705m pension fund

first_imgØstfold municipality’s contract with KLP would cease on the same date, it said.From the beginning of next year, all employees of Akershus and Buskerud who are members of AFPK, BFPK and KLP will become members of the Viken Pension Fund.The Viken Pension Fund was a direct continuation of AFPK merged with BFKP, it said.“Members of Viken Pension Fund will experience the same good personal service as in today’s AFPK and BFKP,” the Akershus fund said.At end of 2017, KLP – which manages NOK675.6bn (€69.6bn) – had approximately 1,100 employees and 1,000 retirees from Østfold municipality among its customers. The premium reserve capital relating to them was around NOK1.2bn, according to Sissel Bjaanæs, director of information at the pension provider.“We regret their decision,” she said. “KLP has had a good opportunity to argue for another outcome, so we respect their decision and wish Viken all the best with their pension scheme.”She said KLP would work to make sure the transfer of these customers was smooth.According to its 2017 annual report, the Akershus pension fund – then known as Akershus Interkomnuale Pensjonskasse – had NOK3.7bn in assets under management.BFKP, meanwhile, had NOK1.9bn in assets under management at the end of 2017.The map of Norwegian local authorities is changing considerably as a result of multi-year municipal reform, which is set to reduce the number of administrative regions.One effect of the consolidation has been to create the opportunity for larger independent pension funds in cases where several municipalities are coming together as a single authority. Three Norwegian local authorities have formally decided to bring pension provision for all staff together into a single independent pension fund.The move will create a single municipal pension fund managing NOK6.8bn (€705m), and will take NOK1.25bn away from the main municipal pensions provider Kommunal Landspensjonskasse (KLP).The joint board of Viken county municipality – the new local authority being formed from Akershus, Buskerud and Østfold – resolved at a meeting on 23 March that it would establish its own pension fund for the three former municipalities.Akershus Municipal Pension Fund (AFPK) announced on its website: “The supervisory boards of AFPK and Buskerud Municipal Pension Fund [BFKP] are requested to work as soon as possible with the aim of merging the two pension funds from 1 January 2020.”last_img read more

Historic house earns owners $2.6m

first_imgKoowa at 23 Davidson Tce, Teneriffe, has sold for $3.8 millionA HISTORIC Brisbane house has earned its owners a whopping $2.6 million in 12 years.Known as Koowa, the 23 Davidson St property at Teneriffe went under the hammer yesterday, with an opening bid of $3 million.Intense negotiations followed with an offer of $3.8 million accepted by the vendors.It marks the highest sale price ever achieved for Davidson Terrace, with the next highest price being $2.75 million in 2017, according to CoreLogic. More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago The house has been beautifully restored and renovatedHenry Hodge of McGrath Estate Agents said the sale also marked the second highest auction sale of a house without water views in Teneriffe this year. He would not be drawn on the details of the new owner, only saying it had been bought by a local buyer. CoreLogic property records show Koowa was bought by John Divitini and Jane Bickerdike for $1.2 million in 2006.The couple then undertook a massive restoration and renovation of the property spanning five years. The stunning house featured on the cover of Saturday’s Courier Mail Realestate liftout. For that story, Mr Divitini said the property had been renovated twice before they purchased it 12 years ago.“Before we bought it but it was just dirt underneath,” he said. “So we dug that out and put in a self-contained flat, three additional bedrooms, two bathrooms, a laundry, rumpus room and acellar. “We also reconfigured the top floor and added a massive deck, and we kept a lot of the original features like the leadlight.“But we completely modernised it, putting in airconditioning, smart wiring and we restored the fireplaces.“And we did a lot of work in the backyard, so much so it won two awards and was featured on the cover of a magazine.” Mr Divitini said they were happy with the auction result and would “probably do nothing for six months and then downsize when we find what we want”.“It will be sad to leave. It is a beautiful house and area but it is time for a new chapter,” he said.”last_img read more

Brookville man sentenced for role in Ponzi Scheme

first_imgBROOKVILE, Ind. – A Brookville man will have an extended prison stay after being sentenced this week for his role in a Tri-State Ponzi scheme.Jerry Smith, of Brookville, pleaded guilty in Franklin County Circuit Court last month to five felony counts of criminal securities fraud.Investigators say Smith, and co-conspirator Jason Snelling, ran an $8.9 million scheme selling unregistered investments while working for OneAmerica Securities.Instead of investing clients’ money as promised, the pair used the funds to pay for personal expenses, authorities said.Smith was sentenced this week to 20 years in prison and 20 years on probation. The judge ordered he pay $410,189 in restitution.Jail time will run concurrently with the 65-month federal jail sentence Smith is serving for mail fraud, wire fraud, and tax evasion, related to the Ponzi scheme.Indiana Secretary of State Connie Lawson’s Prosecution Assistance Unit assisted in the investigation.“Smith’s actions were deplorable and I’m pleased we were able to add additional jail time to his sentence,” said Secretary Lawson. “He took advantage of people who knew and trusted him. Plus, he never registered his products as required by law. This combination is typical of what we see in so many Ponzi schemes. I encourage all investors to protect themselves by checking with my office before investing, even if you know the person.”Securities Commissioner Carol Mihalik commented, “I would like to thank Franklin County Prosecutor Mel Wilhelm for his continued work on this case.”“Our offices have been collaborating on this case for almost five years now. Thanks to the continued cooperation between state and local officials, we have been able to hold Smith accountable for his actions and maximize his sentence.”last_img read more