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{ "@context": "https://schema.org", "@type": "NewsArticle", "dateCreated": "2024-12-04T21:23:30+02:00", "datePublished": "2024-12-04T21:23:30+02:00", "dateModified": "2024-12-05T09:27:12+02:00", "url": "https://www.newtimes.co.rw/article/22351/news/economy/trade-unions-urge-review-of-salaries", "headline": "Trade unions urge review of salaries", "description": "Labour unions have urged the government to prioritize raising workers’ salaries to address the high cost of living before implementing proposed...", "keywords": "", "inLanguage": "en", "mainEntityOfPage":{ "@type": "WebPage", "@id": "https://www.newtimes.co.rw/article/22351/news/economy/trade-unions-urge-review-of-salaries" }, "thumbnailUrl": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/12/04/65626.jpg", "image": { "@type": "ImageObject", "url": "https://www.newtimes.co.rw/thenewtimes/uploads/images/2024/12/04/65626.jpg" }, "articleBody": "Labour unions have urged the government to prioritize raising workers’ salaries to address the high cost of living before implementing proposed increases in pension contributions. Their reactions come amid the government’s proposed pension reforms that are due to take effect in January 2025. They include increasing monthly pension contributions from the current 6 per cent of an employee’s monthly basic salary to 12 per cent of their monthly gross salary. ALSO READ: Mandatory pension contributions to double in January Also, the pension contribution rate is expected to gradually increase further to 20 per cent of the employee’s gross salary by the year 2030, and will be split equally between the employer and employee, as Rwanda Social Security Board (RSSB) – the administrator of the mandatory pension scheme – indicated in a statement on November 28. According to the Ministry of Finance and Economic Planning, the reforms are expected to ensure long-term sustainability of the pension fund, improve the living conditions of the existing retirees and ensure social security for future generations. Labour unions expressed concern over a lack of consultation with workers’ representatives so that they provide inputs to proposed changes, instead of imposing them on employees – for which the pension scheme ideally exists – as contributors and ultimately beneficiaries. ALSO READ: Labour union appeals for pay rise amid high cost of living Africain Biraboneye, the General Secretary of Rwanda Workers’ Trade Union Confederation (CESTRAR) said that normally, increasing pension contribution rate per se is okay, as long as the employee is guaranteed more retirement benefits. “However, it comes when we have been indicating that there is a need for reforms for salaries to match prices on the market. Increasing [pension] contribution rate will result in the reduction of the even small pay an employee has been receiving, which will affect living conditions,” he said. “We think that it should be carefully considered with the participation of all stakeholders as it is done for labour law [review] whereby representatives of employers and employees are consulted and provide their inputs on their behalf,” he observed. ALSO READ: Should RSSB increase pension contributions? Eric Nzabandora, president of Labour Congress and Workers’ Brotherhood in Rwanda (COTRAF Rwanda) said that they have been advocating for setting up a minimum wage that responds to the current market realities but this has not yet been done. He added that while they have been pushing for increasing workers’ salaries to deal with the rise in the cost of living, no solution has been provided to that end. For Nzabandora, increasing pension contributions to come from the small remunerations an employee has been getting, should not be a priority, but rather, it should follow the raise in workers’ pay and their ability to meet their basic needs amid the current high cost of living. He held that it is an employee’s salary that is mainly factored in while determining the pension benefits they will get during retirement, rather than contribution rate. “When an employee’s salary is small, they will not get significant retirement benefits,” he said. As RSSB made many investments using employees’ contributions (savings), and therefore, Nzabandora said, it should show how they are managed and contribute to social security. He added that they want to understand how RSSB arrived at the proposed pension contribution rates. Labour unions concurred that there should be consultations with employees or their representatives for evidence-based decisions that consider a common ground. Employees should be involved in pension-related decisions Nzabandora decried the fact that workers’ representatives were not consulted regarding the proposed pension reforms yet they concern them as the contributors to the social security scheme. Again, he said, employees are not represented in terms of how RSSB makes investment decisions, despite paying contributions to the scheme. As employees contribute to the social security body, they should also have a say in the decisions regarding contributions – such as through their representatives – so that they provide their ideas before proposed changes are presented to Cabinet [for approval], Nzabandora suggested. While briefing journalists on new reforms on December 2, RSSB Chief Executive Officer Regis Rugemanshuro said that the social security fund (which is pension scheme dominated) currently has about Rwf2.6 trillion in assets. The social security fund is healthy, Rugemanshuro observed, indicating that from 2019/20 to 2023/24, RSSB’s net assets increased by 15 per cent compounded annual growth rate. He added that it registered more than Rwf418 billion in net income (profit) in 2023/24, of which he said Rwf240 billion came from its return on investment which he said was at 11 per cent. ALSO READ: Pension body looks to triple profit by 2025 According to Rugemanshuro, only nine per cent of public and private sector workers in Rwanda are covered by the mandatory pension scheme. This implies that about 90 per cent of Rwanda’s working population is employed in the informal sector and is therefore outside the scheme coverage.", "author": { "@type": "Person", "name": "Emmanuel Ntirenganya" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }

NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- The holidays are underway, and while parents are planning to be more discerning with their budgets this year, toys remain a top priority. According to new research from The Toy AssociationTM, 69% of parents plan to cut costs elsewhere to ensure their kids have the top toys for the holidays. Recently, Toy Trends Specialist at The Toy Association, Jennifer Lynch, teamed with D S Simon Media on a nationwide satellite media tour to share some of the top toys for the holiday season. While toys based on kids’ favorite characters will certainly be driving kids’ ask, parents will also be seeking out toys that spark kids’ imaginations and provide learning benefits as they play. Here are some of the top toy picks for the 2024 holiday season: Spidey & His Amazing Friends Mega Jump HQ Trackset (Jazwares) Kids can launch their favorite Spidey characters down this 39-inch race track, which features Spidey’s Web-Quarters, an elevator, web tunnels, and ramps. With two exclusive vehicles and a mega jump, this action-packed set recreates scenes from the Spidey & His Amazing Friends TV show, offering hours of imaginative play. Transformers One Power Flip Optimus Prime (Orion Pax) (Hasbro) Inspired by the new Transformers One movie, this action figure transforms between four modes: Orion Pax, Cybertronian Truck, Optimus Prime, and Ultimate Optimus Prime. Lights, sounds, and action features bring the toy to life as kids flip between modes, celebrating 40 years of the Transformers franchise. LEGO Gravity Drop (Klutz) This STEM kit lets kids build and customize marble mazes with LEGO elements and papercraft components. With 168 LEGO pieces, kids can create various maze configurations and learn about physics and engineering through play. The set also includes an instruction book packed with engaging STEM content. Booksy Dome Figures (PMI Kids) Each collectible figure comes with a tiny book hidden inside featuring life lessons and colorful illustrations. Characters from PAW Patrol, Tales of the Teenage Mutant Ninja Turtles, and PMI’s Monster Tales make reading fun while encouraging interactive play. Play-Doh Pizza Delivery Scooter Playset (Hasbro) This scooter is a ride-on toy and a Play-Doh pizza-making playset all in one. Kids can create pretend pizzas using the included Play-Doh, then "deliver" them using the scooter’s built-in pizza box slot. The set comes with 10 Play-Doh colors and 16 accessories, encouraging active, creative play. For more information, visit TheGeniusofPlay.org About Jennifer Lynch As an official spokesperson and toy trends specialist for The Toy Association, Jennifer Lynch chats with toymakers throughout the year to track trends and developments impacting the toy aisles and kids’ entertainment. She is interviewed frequently by national and local consumer and business media on toy trends and related topics. She has appeared on ABC News, Good Morning America, Fox & Friends, KTLA-TV, WGN Chicago, WNBC New York, Bloomberg Radio, and CNET, among others, as well as in print publications including Forbes, the Wall Street Journal, New York Magazine, Inc. Magazine, The Spruce, and others. She also served as the narrator for The Genius of Play’s "Once Upon a Playtime" podcast, which invited listeners to rediscover the value of play through real-life, personal stories of actors, artists, entrepreneurs, and more. Jennifer has over a decade of experience covering the toy and kids’ entertainment industries. Prior, she served as the editorial & creative manager for aNb Media and its b2c review site TTPM.com , where she oversaw all digital and print communications, reviewed product, and co-hosted a web series conducting in-depth interviews with toy industry executives. She began her career in her home state of Pennsylvania, handling marketing communications for Penn State’s art galleries (her alma mater). She resides in New Jersey with her husband and energetic three-year-old. * YourUpdateTV is a property of D S Simon Media. The video included and release was part of a media tour that was produced by D S Simon Media on behalf of The Toy Association About D S Simon Media The firm is well known as a leader in the satellite media tour industry and produces tours from its studio and multiple control rooms at its New York headquarters. Clients include top brands in healthcare, technology, travel, financial services, consumer goods, entertainment, retail and non-profits. Established in 1986 the firm has won more than 100 industry awards. Dante Muccigrosso Director of Media Integration & Client Reporting E: dantem@dssimon.com C: 973.524.0104 A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2da041fb-9a20-40be-b98a-cf143ed4e399

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New Delhi, Nov 24 (PTI) Prime Minister Narendra Modi asserted on Sunday that his government considers India’s eastern region as the country’s growth engine, while the area was considered backward earlier. Addressing a gathering at the “Odisha Parba” event here, the prime minister said investments of Rs 45,000 crore have been approved within 100 days of the formation of a new government in the state. “Odisha has always been a land of seers and scholars. The way the scholars there took our religious texts to every household and connected the public with those, it has played a crucial role in the cultural prosperity of India. “There was a time when India’s eastern region and the states there were called backward. However, I consider the eastern region as the country’s growth engine. That is why we have prioritised the development of the region,” he said. “The budget that we now allocate to Odisha is three times higher than what it was 10 years ago. We are working rapidly in every sector for Odisha’s development and the budget has been increased by 30 per cent this year,” Modi added. The prime minister said the Centre is committed to promoting ease of doing business in Odisha and added that investments of Rs 45,000 crore have been approved within 100 days of the formation of a Bharatiya Janata Party (BJP) government in the state. “Last year, the G20 Summit was held in India. During the summit, we showcased the photo of the Sun Temple (in Konark). I am also glad that all four doors of the Jagannath temple (in Puri) are open now. Besides, the Ratna Bhandar of the temple is also open,” he added. “Odisha Parba” is a flagship event conducted by the Odia Samaj, a Delhi-based trust engaged in providing valuable support towards the preservation and promotion of Odia heritage. This year, “Odisha Parba” was organised from November 22 to November 24 to showcase the rich heritage of Odisha, displaying colourful cultural forms and exhibiting the vibrant social, cultural and political ethos of the state. Noting that cashew, jute, cotton, turmeric and oilseeds are produced in abundance in Odisha, Modi said the government’s effort is to ensure that these products reach big markets and thereby, benefit the farmers. “There is also a lot of scope for expansion in the seafood-processing industry of Odisha and the government’s effort is to make Odisha seafood a brand that will be in demand in the global market,” he added. Modi said by channelising Odisha’s potential in the right direction, the state can be taken to new heights of development. Emphasising that Odisha can benefit from its strategic location, he said access to domestic and international markets is easy from the state. “Odisha is an important hub of trade for East and South-East Asia. Odisha has immense potential to promote urbanisation,” the prime minister said, adding that his government is also creating new possibilities in the tier-two cities of the state, especially in the districts of western Odisha where development of new infrastructure can lead to the creation of new opportunities. Touching upon the abundant heritage of architecture and science of Odisha, Modi said science, architecture and the vastness of ancient temples like the Sun Temple, the Lingaraj and Mukteshwar temples amaze everyone with their exquisiteness and craftsmanship. PTI GJS BJ RC This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );

Ross County goalkeeper Jack Hamilton is determined to show what he can do after stepping in to replace the injured Ross Laidlaw. The 30-year-old could be in goal for Sunday’s Premiership noon showdown against third-placed Rangers, with number one Laidlaw ruled out for up to 10 weeks with a knee injury. County bolstered their squad on Friday evening by signing German goalkeeper Jordan Amissah, 23, on a short-term deal. Amissah came through the ranks at Schalke 04 and Borussia Dortmund before signing for Sheffield United, from where he had loan spells at Guiseley AFC, Spennymoor Town and Burton Albion. Former Livingston and Hearts stopper Hamilton was called into action in last week’s following Laidlaw’s injury, stepping in at half-time with the Staggies already trailing by five goals. He had just got through a bout of illness, but put himself forward for action, for which Cowie was grateful. Hamilton targets a run in the team Being pitched into the heat of a Parkhead battle, when five goals behind, was a tough task, especially as Hamilton had played only two League Cup group games since joining in the summer. Speaking about waiting for his chance, he said: “You just need to be able to deal with it as a goalie, especially when Ross has started the season so well. “You just know you have to keep the head down, work hard and try to push him every day in training. “I always try to get better myself and you’re always ready for that opportunity when it comes. “Ross and I have been good at pushing each other, along with the goalkeeper coach and the two young lads here as well. “We’ve got a really good group who try to help each other. It is a bit of competition, but what matters is we need results for the team. “I want to play football and take part in as many games as possible. “It is never a good circumstance, and I hope Ross’s injury is not as bad as it first seemed. “It will be good to, hopefully, get a run of games in the team and kick on.” Being always mentally set for action Hamilton explained that, despite being ill prior to the Celtic match, he had to ensure he was mentally ready to be called in at any moment. He added: “On the Thursday and Friday, I was off sick. You turn up for the game and you always mentally prepare so that, in the unlikely scenario you need to come on the park, you are ready. “I’ve always done that, every time I’ve been on the bench. “Unfortunately for Ross, he hurt his knee, but I was called upon. It was good to get minutes on the park.” Cowie was ‘model pro’ When Scotland international Cowie moved to Hearts in 2016, Hamilton was a younger player and was impressed with the way the ex-County, Inverness, Watford, Cardiff City and Wigan Athletic midfielder conducted himself. He said: “When he first came to Hearts, I was a bit younger, and Don was always one of the ones you looked up to. “He was a model pro and a great guy as well. “To get the opportunity to come and play for him was a no-brainer and I was delighted to come here. “He was a top player who played at the top level, and he is a top manager as well. “He is the kind of guy you want to play for.” County boosted by home support County beat Rangers for the first time ever in a in April. But this season, the Gers hit County for six without reply in their league game at Hampden in August. Rangers have lost three of their six league games on the road this term, while 12 of 15 points have been earned in Dingwall. Philippe Clement’s Light Blues head for the Highlands on the back of a 6-0 rout against Kilmarnock in midweek. Hamilton insists their opponents won’t be affected by their midweek exertions. He said: “They will be used to that now. They play so many games in Europe. “It is one of those ones where it is routine for them. They’re used to travelling away, playing games. “I think they will be desperate to come up here and desperate to win. They are a top side. “It will be a really tough game for us. “For us, it is about preparing properly and giving ourselves the best possible chance to compete – and enjoy the game as well. “Our home form has been excellent, even last season. They’ve done really well. “It is always good to step out there with that confidence in front of your own fans. It will be good for us on the day.”SAINT THOMAS, Virgin Islands — Colin Porter scored 17 points, Isaiah Ihnen added 16 on 7-of-12 shooting Sunday night and Liberty held off Kansas State for a 69-67 win in the semifinals of the Paradise Jam. Kaden Metheny scored 13 points for the Flames. Zach Cleveland scored two points on 0-of-8 shooting but finished with nine rebounds and eight assists. Brendan Hausen hit a jumper and Achor Achor scored in the paint to give Kansas State (4-2) a 63-62 lead with 2:31 to play. Porter answered with a 3-pointer 16 seconds later and Liberty led the rest of the way. Owen Aquino hit two free throws to give the Flames a four-point lead with 50 seconds remaining and Coleman Hawkins scored in the lane to cut it to 67-65 just eight seconds later. After Metheny missed a layup on the other end, Dug McDaniel missed a clean look at a 3-point shot from the left wing, David N’Guessan missed a putback attempt and McDaniel missed a heave from 3-point range at the buzzer. Hausen scored 14 points and Hawkins added 11 for Kansas State. N’Guessan and Achor scored 10 points apiece. Liberty (6-1) plays McNeese in the championship, and the Wildcats take on Longwood in the third-place game, on Monday.

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DAYTONA BEACH, Fla. (AP) — RJ Felton had 21 points in East Carolina's 71-64 victory over Stetson on Friday. Felton also added eight rebounds for the Pirates (5-1). Joran Riley scored 14 points while going 4 of 11 and 5 of 6 from the free-throw line and added five rebounds. Cam Hayes shot 3 for 7 (2 for 4 from 3-point range) and 5 of 6 from the free-throw line to finish with 13 points. The Hatters (1-5) were led in scoring by Mehki, who finished with 15 points and two steals. Abramo Canka added 14 points for Stetson. Jordan Wood had 12 points. East Carolina led Stetson at the half, 39-33, with Hayes (10 points) its high scorer before the break. East Carolina took the lead for good with 6:56 left in the second half on a free throw from Felton to make it a 60-59 game. The Associated Press created this story using technology provided by and data from .A landmark defence pact between North Korea and Russia, signed by its leaders in June, has gone into effect after the two sides exchanged ratification documents, North Korea's official KCNA news agency said Thursday. The formalization of the treaty comes as the United States and South Korea have accused the nuclear-armed North of sending more than 10,000 soldiers to help Russia fight Ukraine. Experts say North Korean leader Kim Jong Un is keen to acquire advanced technology from Moscow and battle experience for his troops in return. Kim and Russian President Vladimir Putin signed the strategic partnership deal during the Kremlin chief's visit to Pyongyang. It obligates both states to provide military assistance "without delay" in the case of an attack on the other, and to jointly oppose Western sanctions. It came into effect from Wednesday, when the ratification documents were exchanged in Moscow by the countries' vice foreign ministers Kim Jong Gyu and Andrei Rudenko, KCNA reported. Lawmakers in Moscow last month voted unanimously for the deal and it was later signed by Putin. Pyongyang said it was ratified by a decree from Kim. The treaty will serve "as a strong driving force accelerating the establishment of an independent and just multi-polarized world order without domination, subjugation and hegemony," KCNA said. Analysts have suggested Pyongyang could be using Ukraine as a means of realigning its foreign policy. By sending soldiers, North Korea is positioning itself within the Russian war economy as a supplier of weapons, military support and labour — potentially even bypassing traditional ally, neighbour and main trading partner China, they say. North Korea and Russia have strengthened their military ties since Moscow's invasion of Ukraine in February 2022. Both countries are under rafts of UN sanctions -- the former for its nuclear weapons programme and the latter for the Ukraine conflict. Kim said last week during a visit to Pyongyang by Russian Defence Minister Andrei Belousov that his government, army and people would "invariably support the policy of the Russian Federation to defend its sovereignty and territorial integrity". Putin hailed the deal in June as a "breakthrough document". bur-sst/bjtSysco Corp. stock underperforms Wednesday when compared to competitors despite daily gains

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