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Posted by: | Posted on: October 17, 2020

BLOG: Time to End Unlimited Campaign Contributions in PA

first_img Government Reform,  Government That Works,  The Blog,  Transparency Pennsylvanians need to have confidence that decisions made by their government are the product of a robust competition of ideas, not rewards for the special interests with the deepest pockets.Right now, there are no limits on how much special interests can contribute to candidates.As part of his “Government That Works” Reform Plan, Governor Wolf supports strong campaign finance reform that would for the first time:Place limits on contributions to candidates seeking elected officeImplement aggregate limits for racesPlace sensible restrictions on Political Action Committees (PACs); andStrengthen reporting and disclosure requirements across the board.In addition, this legislation would prohibit the use of campaign funds for personal expenses, including legal fees.Pennsylvania is currently one of only twelve states that impose no contribution limits on individual donors. The Center for Public Integrity ranked Pennsylvania among the worst states on regulating political financing – giving us a grade of ‘F’ and a rank of 43 out of 50 states.From Pennsylvania’s report card:Are there regulations governing the financing of candidates and political parties? By: J.J. Abbott, Deputy Press Secretary In law, there are limits on political action committees’ donations to candidates and to political parties.NO BLOG: Time to End Unlimited Campaign Contributions in PA In law, there are limits on lobbyists’ donations to candidates and to political parties.NO In law, funds raised by outside groups in coordination with a candidate and then spent in support of that candidate are subject to donation limits.NO April 20, 2016center_img In law, there are limits on individual donations to candidates and to political parties.NO Read more posts about government reform.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf By enacting strong new campaign finance measures, we can help restore confidence in government, and curtail the role of campaign spending in our political process. In law, all current and former candidates/elected officials are prohibited from the personal use of campaign contributions.NO SHARE Email Facebook Twitterlast_img read more

Posted by: | Posted on: September 29, 2020

Aer Lingus shareholders approve €150m DC pension payment

first_imgAer Lingus has received backing from shareholders to inject €150m into a new defined contribution (DC) fund, signalling an end to a protracted dispute over the €715m deficit in the Irish Airlines Superannuation Scheme (IASS).The airline, which convened this week’s extraordinary general meeting to approve the recommendations of a government-backed expert panel, saw an overwhelming majority of shareholders approve the deal.In June, the expert panel said IASS sponsors – Aer Lingus and the Dublin Airport Authority – should put aside more than €200m to address the needs of active members who would suffer benefits cuts if the defined benefit fund wound up.If the scheme were to wind up under the current priority order, which no longer grants pensions in payment absolute priority, the fund’s deficit would fall to €197m. The airline has agreed to inject €147m into a new DC arrangement for IASS members, as it is barred from making deficit reduction payments to the fund.In its third-quarter results, Aer Lingus noted that once shareholders had signed off on the deal, the Pensions Authority would need to approve the Section 50 benefits cuts put forward in the IASS funding proposal.It is unclear if the Authority will approve the Section 50 request before the end of the year, as the airline had hoped the restructuring would be complete by 1 January 2015.Aer Lingus could not be reached for comment.last_img read more