University Federal Credit Union ($3.1B, Austin, TX) created its UFCU Scholars program in 2018. In 2019, the Austin-based credit union combined that program with an existing internship program to create a two-part initiative called Student Success. No one could have predicated what was on the horizon for 2020.When the pandemic struck during the first few months of the year, organizations across the country canceled internships, throwing into flux the academic as well as career plans of thousands of students. UFCU — whose field of membership includes the flagship University of Texas campus in Austin — found another way to serve its students. It put a virtual spin on Student Success.“Our program was designed to be an in-person experience, but the pandemic made that impossible,” says Rhonda Summerbell, UFCU’s director of relationship management and community impact. “Because of that, we moved the program to a 100% virtual setting, including our professional development and networking events.”UFCU provided 11 internships this past summer and nine this fall semester. Interns make at least $15 an hour and work in multiple areas, including IT, HR, marketing, relationship management, retail, finance, organizational development, legal, vendor management, and community engagement. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Nearly two-thirds of self-employed workers in the Netherlands – known as ‘zzp’ers’ – have expressed a “serious interest” in joining a collective pension scheme, according to a survey by APG subsidiary Loyalis.The income insurer said 60% of the 3,700 respondents said they were likely to participate in its new scheme, with 10% saying they would definitely join.The survey was conducted among the members of industry organisations Zelfstandigen Bouw, Stichting ZZP Nederland, PZO-ZZP and FNV Zelfstandigen.Loyalis said two-thirds of those expressing an interest in the scheme indicated they wanted to contribute a variable amount, depending on their annual turnover. It added that almost 17% wanted to limit their deposit to the maximum amount liable to tax deduction, while 12% said they preferred to contribute a fixed amount each year.Zzp’ers who said they would join expected to contribute an annual amount of €4,200 on average, whereas more than one-quarter planned to deposit more than this.They also wanted to accrue an annual pension income of €31,000 on average through the new scheme, and made clear they wanted to accrue an additional €11,000 on average through other means of pensions saving, according to Loyalis. Loyalis said it also found that a “substantial” number of zzp’ers had already built up pension assets, mainly through saving or investing.Approximately 36% had invested in property – usually their own home or business premises – while almost 30% had created a pensions reserve through an individual pension plan, annuity insurance or a tax-friendly life-course (levensloop) savings scheme.The collective pensions fund for the self-employed – announced by industry organisations in June – is to be launched on 1 January 2015.
RelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Manchester City star Kyle Walker is facing a £250,000 fine following allegations he broke quarantine rules to stage a sex party with two prostitutes. Etihad bosses have launched a club investigation into the claims – and look set to hit the England defender with a fine of two weeks’ wages. Reports alleged Walker and a friend paid more than £2,000 for two sex workers to visit his home last week – despite the country being in lockdown because of the pandemic. It is claimed the two women left Walker’s home the following morning – on the same day he took to social media to urge the public to follow government guidelines on social distancing and protect the NHS by staying indoors. Walker, 29, issued an apology and he said: “I want to take this opportunity to issue a public apology for the choices I made last week. “I understand that my position as a professional footballer brings the responsibility of being a role model. “As such, I want to apologise to my family, friends, football club, supporters and the public for letting them down.” A City spokesman said: “Manchester City are aware of a story in a tabloid newspaper regarding the private life of Kyle Walker in relation to a breach of the UK lockdown and social distancing rules. “Footballers are global role models and our staff and players have been working to support the incredible efforts of the NHS and other key workers in fighting the effects of the Covid-19 coronavirus, in any way we can. “Kyle’s actions in this matter have directly contravened these efforts. We are disappointed to hear the allegations, note Kyle’s swift statement and apology, and will be conducting an internal disciplinary procedure.” Walker is not the first high profile star to step out of line during the current lockdown. Last week Aston Villa fined Jack Grealish after the 24-year-old defied the ban against non-essential travel by going to visit a friend.Tags: Aston VollaCOVID-19Kyle WalkerManchester City