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first_imgThe BAE Systems Pension Scheme has announced it has reached an agreement with its plan sponsor, the British multinational defence, security, and aerospace company BAE Systems, which has proposed a contribution worth £1bn (€1.2bn).The move follows details of its latest actuarial valuation, as of 31 October 2019, which highlights the need to accelerate deficit recovery contributions into the BAE System’s section of the pension fund in the coming months.The Airbus Section of the scheme is unaffected by these developments, it said. The next actuarial valuation for that section will be undertaken as at 31 March 2020.Following the merger on 1 October 2019 of its pension schemes – the BAE Systems 2000 Pension Plan, the Alvis Pension Scheme, the Shipbuilding Industries Pension Scheme and the BAE Systems Pension Scheme – the new trustee board agreed with the company to bring forward the actuarial valuation of the BAE Systems section to 31 October 2019 from the previously scheduled date of 31 March 2020. The fund said the actuarial valuation of the section showed a funding level of 92% with a deficit of £1.9bn. The trustees have now agreed to a new deficit recovery plan with BAE Systems with the one-off payment of £1bn.The scheme said this payment represents an acceleration of deficit contributions that would otherwise have been payable in the period to 2026 under the pre-merger recovery plans of all four merging schemes.Furthermore, in line with those recovery plans, around £240m of deficit funding will also still be paid by 31 March 2020 followed by approximately £250m by 31 March 2021, it added.Before agreeing the basis and outcome of this actuarial valuation and the new deficit recovery plan, the trustees took professional advice and consulted The Pensions Regulator (TPR).Later in the year the trustees will provide section members with a funding update which will include further information about this actuarial valuation.The effective date of the next BAE Systems section’s actuarial valuation must be no later than 31 October 2022, but trustees expect that it will be 31 March 2022.The next actuarial valuations for the other UK defined benefit schemes – the Royal Ordnance Pension Scheme, the Royal Ordnance Senior Staff Pension Scheme and the BAE Systems Executive Pension Scheme – are unaffected and  will be as at 31 March 2020.last_img read more

first_img“That’s because in the playoffs he had to do everything,” D’Antonio said. “And now we’ve got Chris Paul, (he) takes a big load off his shoulders and he doesn’t have to make every play, and he’s doing extra work to try to not to get tired. …“We started 11-14 (this season); we lose (Chris Paul, Eric Gordon and Clint Capela) for some good stretches and (Harden) carried us, and carried us completely … his (endurance) was incredible.”Some of the credit for that goes to Anaheim-based trainer Paul Fabritz, whom Harden has worked with for four years, doing scientifically inspired workouts designed to enhance his change-of-pace ability, his balance, his durability and quicken his first step.“James is very efficient with his workouts, he’s consistent,” Fabritz said last summer of Harden, who this season is averaging a league-best 36.4 points per game – and 37 minutes per game, the second-most in the NBA.“Every day, he’s going to get his work in, no matter what, no matter if he’s traveling or not. It’s going to be two hours in the gym. An hour strength and conditioning, an hour of skill work, he might get some recovery. He’s just trying to keep it very efficient and that’s probably what’s helped him stay so healthy. He’s one of the most durable athletes in the NBA, it’s all the consistency.” It all proves problematic for coaches such as Rivers, who compared Harden’s stamina to Michael Jordan’s.“You never felt like he was tired, and that’s how you feel with James a lot,” Rivers said. “Think about it. Every night, we’re sitting in there for two days trying to come up with a game plan and he walks out on the floor and deals with it every night – and he plays 35, 40 minutes and he’s fresh, so I don’t think he gets enough credit for his endurance.”AND THE AWARDS GO TO …The Clippers’ two-way post prospects Angel Delgado and Johnathan Motley loaded up on hardware in recognition of their play this season with the Agua Caliente Clippers.Related Articles Kristaps Porzingis ruled out as Clippers, Mavericks set for Game 5; Follow for game updates Clippers vs. Mavericks Game 5 playoff updates from NBA beat reporters Newsroom GuidelinesNews TipsContact UsReport an Error LOS ANGELES — There’s one thing that Austin Rivers has been willing to share with his dad about his new team: James Harden is in shape.Having to game plan against the reigning MVP tells Doc Rivers as much, although the Clippers coach said before Wednesday’s game against the Houston Rockets that he thinks most people overlook Harden’s elite conditioning.“One guy’s not gonna guard that guy, there’s not one guy who has the energy,” Doc Rivers said. “I asked Austin, ‘What’s one thing that stands out with Harden?’ He said, ‘He doesn’t get any credit for how hard he works.’ He said he’s amazed at his conditioning.”Houston coach Mike D’Antoni agreed, dismissing residual criticism stemming from Harden getting gassed during a 2017 playoff series against San Antonio.center_img Clippers hope they can play to their capabilities, quell Mavericks’ momentum The 24-year-old Delgado, who already was named the G League’s Rookie of the Year, on Wednesday was selected to the G League’s First Team, All-Defensive Team and All-Rookie Team. Motley was named to the second team.Delgado, a 6-foot-10 center, averaged 18.5 points and a G League-high 14.8 rebounds in 44 games. Motley, a 6-10 forward, split his time between the L.A. Clippers and Agua Caliente, with whom he averaged 24.5 points, 10 rebounds and 3.1 assists in 27 games.The awards haul was appreciated, but not unexpected, Motley said.“We’re supposed to get it,” he said. “We want to be NBA players … so those are awards we’re supposed to get. We’re supposed to dominate at that level every night, and I think we did a good job of that this year, showing that we’re NBA players.“We’re very thankful for the G League awards, but we have a higher goal in mind.” For Lakers’ LeBron James, Jacob Blake’s shooting is bigger issue than a big Game 4 victory What the Clippers are saying the day after Luka Doncic’s game-winner tied series, 2-2 last_img read more