How NFL’s salary cap could hurt the NFL’s finances

  • July 18, 2021

In January 2018, the NFL announced it would pay out $100 million to settle lawsuits from former players alleging they were cheated by the league and that the payments were made under duress.

It also agreed to pay $5 million to each of the six players who sued the league.

Those players include Michael Sam, Chris Borland, Joe Thomas, and Charles Johnson.

The former players sued the NFL and NFLPA after the league decided not to award them a guaranteed $1 million per year in future salary increases and instead required the players to earn $6 million each year.

NFLPA attorney David Boies said the NFLPA has been in discussions with the league since then about the payment, but has not yet received any indication from the league that it is prepared to agree to the settlement.

Boies noted the NFL has “a pretty good track record” of paying out settlements in the past.

Australia to reduce pension costs, pensions to rise

  • July 5, 2021

Pensioners in Victoria and New South Wales will have to pay more for their pensions, the Victorian Government has announced.

The decision is part of a $30 billion package announced by Prime Minister Daniel Andrews on Monday, but will come with some significant cuts to some public sector pensions.

Mr Andrews said there was no way to pay for them with less revenue.

The Government is also looking to reduce the number of public sector workers it has, and will announce a new pay scale and a new pension scheme early next year.

Mr Scott said that in order to ensure the Government can continue to deliver its promised savings and boost the economy, he would also seek to improve funding for the ABC, which has been hit by budget cuts.

The ABC will lose around $10 million a year in 2018-19.

The broadcaster has also been under pressure over the past year to reduce its workload, with the number and types of shows being curtailed.

Mr Swan said that was why he would increase the number, as well as look at ways of ensuring the ABC was “better prepared to meet the needs of future generations”.

He said the Government was committed to making Australia the “most digitally connected country in the world”.

He called for the “gold standard” of the ABC to be the Digital Media Awards, to be held in November next year, in a bid to attract the highest-rated programming.

“That’s the most prestigious award the country can get,” Mr Swan told the ABC.

“It’s a celebration of the work the ABC has done, and it’s something we’re committed to delivering.”

The ABC was once the envy of the nation, with more than 10 million people subscribing to the channel, and with the network making billions of dollars in advertising.

It was also a major source of revenue for the Government.

The number of hours it broadcast has decreased by about 50 per cent over the last 10 years.

How Nicholas Pensions plans to help pensioners save for their retirement

  • July 4, 2021

The pensions of pensioners in Australia are facing a significant overhaul as a result of a controversial proposal by Nicholas Pills, the company that runs the Australian Government’s pension scheme.

The pension fund’s chief executive, Tony Loughton, has been in the public eye since last week’s release of a report commissioned by the company which said there was no guarantee the Government’s $12 billion plan would be funded and that the plan would “fail in its original funding plan”.

“We have been clear about our commitment to ensure that the funding provided by the Australian government will continue and that there will be no reduction in funding for pensions in Australia,” Mr Loughston told the ABC.

“The plan has been designed to be able to sustain its financial viability, to be funded by an even higher level of contribution from the Australian public.”

The report commissioned for the $12.6 billion Newstart Allowance scheme also found the plan could fail if the Government does not “immediately and dramatically reduce the projected increase in unemployment from its current forecast of 1.3 per cent to 1.5 per cent”.

While Mr Lighton has not yet provided a timeframe for when the plan will be funded, the Treasurer said it would be “imperative” to start work on the plan in the first half of next year.

Mr Loughson has previously said the plan was not in danger of collapse.

Key points:AAP: “There is no guarantee” the plan “will survive the funding plan review”Nicholas Pills says there is “no guarantee” it will survive the “fundamental review”The Federal Government has committed to delivering the Newstart Guarantee and other income support benefits to all Australians by the end of the year.

However, it is understood that the new plan will now be “reviewed” by the Pills plan, which will look at its “fundamentals”.

“It will take a detailed look at the plan’s viability and the way it is operating to determine whether there is a realistic expectation that it will be able or able to survive the fundamental review of the plan,” Mr Treadwell said.

Mr Lighson told the Senate this week the plan is not in jeopardy of failing because the Government “is committed to making sure that our funding plan remains funded.”

He said he has been “deeply involved” in the review process, but said he “can’t discuss” details of the review “due to the sensitivity of the subject”.

“The Pills Plan is a critical part of Australia’s economic recovery, and this review is the right way forward for it,” Mr Mr Laughton said.

Topics:government-and-politics,government-election,wealth-and.abstinence,pensions,australia,aussie-politics-and

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