March 02, 2016 SHARE Email Facebook Twitter BLOG: Wolf Administration Recognizes Police Departments, Individual Officers for Carrying Naloxone (ROUND-UP) Government That Works, Round-Up, Substance Use Disorder, The Blog The Pennsylvania Department of Drug and Alcohol Programs (DDAP) yesterday recognized more than 300 municipal police departments, the Pennsylvania State Police (PSP) and hundreds of individual police officers who have reversed more than 600 opioid overdoses in little more than one year.With more than 150 uniformed police officers lining the stairs of the Capitol Rotunda, Lt. Gov. Mike Stack, along with DDAP Secretary Gary Tennis, Physician General Dr. Rachel Levine, Pennsylvania lawmakers, and representatives from the Pennsylvania Commission on Crime and Delinquency (PCCD), Pennsylvania District Attorneys Association (PDAA), Pennsylvania Chiefs of Police Association (PCPA), PSP, and the insurance industry – all key partners in equipping police with naloxone – thanked and praised police for their life-saving work.Take a look at the coverage below:PLS Reporter: Wolf administration recognizes police departments for carrying Naloxone“Physician General Dr. Rachel Levine, along with the Pennsylvania Department of Drug and Alcohol Programs (DDAP), recognized more than 300 municipal police departments, the Pennsylvania State Police (PSP) and hundreds of individual police officers who have reversed more than 600 opioid overdoses in little more than one year.”WGAL News 8: Pennsylvania police reversed 600 overdoses with antidote Naloxone“Police in Pennsylvania have reversed more than 600 heroin and opioid overdoses in the year that they’ve been carrying the antidote naloxone. Act 139, or “David’s Law,” made naloxone available to law enforcement, first responders, and anyone else who may be in a position to assist an individual at risk of experiencing an opioid-related overdose”AP: Pennsylvania police reversed 600 overdoses with antidote“ Gov. Tom Wolf’s administration says police officers in Pennsylvania reversed more than 600 heroin and opioid overdoses in a little over a year of carrying an antidote. Administration officials gathered Tuesday with more than 100 police officers in the Capitol to recognize the officers’ life-saving efforts.FOX 43: Police statewide reverse over 600 opioid overdoses with Naloxone“The Wolf administration today recognized more than 300 municipal police departments, the Pennsylvania State Police (PSP) and hundreds of individual police officers who have reversed more than 600 opioid overdoses in a little more than one year.”Reading Eagle: Bern Township police use naloxone to revive man“The save came just before Gov. Tom Wolf’s administration recognized more than 300 municipal police departments and the state police for their officers having reversed more than 600 opioid overdoses in slightly more than a year.” By: Eryn Spangler, Press Assistant Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolf
Dariush Yazdani, partner and head of PwC’s Market Research Centre, said: “The world is ageing. This is placing considerable strain on already stretched pension fund assets.”He added: “This strain has led many pension funds to examine their foreign investment limits. In recent years, many pension funds have sought to spread their risk and increase yield by increasing their foreign investment limits.”Dutch pension assets were equivalent to an estimated 169% of the country’s €795bn GDP at the end of 2018.The ratio of pension assets to GDP has been increasing during the last few years as pension assets grew much faster than GDP, with a 6.2% compound annual growth rate (CAGR) from 2014 to 2018 compared to a 1.9% GDP growth in the same period, the report disclosed.The pension market in the Netherlands is well developed and is one of the most mature with an €1.3trn estimated assets under management in 2018.Moreover, the market is fairly concentrated, with the largest 10 pension funds holding 74.5% of total pension assets. ABP, the country’s largest pension fund, is on the 2019’s Leaders List of the 25 World’s most responsible asset allocators, PwC said. In 2018, 94% of Dutch pension schemes were defined benefits (DB) schemes. The survey also found that asset allocation of Dutch pension funds is diversified with an estimated 29% invested in equities, 46% in bonds, 3% in money market and 21% in alternative investments.Pension funds in the Netherlands invest around half of their assets directly, with an estimated 50% allocated through investment funds.LimitsFourteen of the surveyed countries, including the Netherlands and Belgium, do not have any set limits to foreign investments for their pension funds.Five countries, including Denmark, Norway and Spain, do not have any investment restrictions as long as the investments are made in OECD member states.Stricter limits apply to pension funds in 11 countries, such as Poland, where pension funds can’t invest more than 30% elsewhere.PwC said these restrictions in particular were the reason that pension funds invested only a small amount of their assets abroad. The stakes of Poland, the Czech Republic and Germany were 8%, 10% and 13%, respectively.ConsolidationThe Dutch retirement industry is strongly consolidating – there are around 250 schemes – as the number of pension funds has been divided by three over the past 10 years and PwC expects this trend to continue.Alongside pension funds increasingly looking beyond their borders, the imbalance between employed contributors and retired beneficiaries is shifting the market towards defined contribution (DC).In 2018, assets in DC plans overtook those is DB for the first time, the survey found. This is as DB plans become less able to address the risks that arise from ongoing demographic shifts across the globe, Yazdani said.DC schemes, on the other hand, are better equipped to do so due to automatic adjustments, he added. Dutch pension funds have had the highest percentage of assets invested abroad, with a percentage of around 87% at the end of 2018, compared to other OECD countries, a survey by PwC has shown.The firm, which examined 31 of the 36 OECD countries for the Association of Luxembourg Fund Industry (ALFI), has found that foreign investment by the countries’ pension funds had risen to 38% from 31% on average since 2014.Within this period, foreign holdings of Dutch pension funds had increased by six percentage points.It said that pension funds in Finland and Portugal came second and third, with 75% and 65%, respectively. In 2018, the UK had invested 22% of its assets overseas.