Ibex El Fito Bib ¾

first_imgFor many people cycling is a three-season sport. After what seems like an eternity winter is over, and then comes the spring riding season full of big miles and bigger smiles. Next comes the heat of summer and racing or bike vacations, followed by the mellow fall season complete with friends and post ride brews.The Ibex El Fito Bib is here to change that. Welcome to the year round cycling season. I have been putting in the miles on both road and mountain for the last seven years in the Blue Ridge, so I am all too familiar with the chill of winter. I have always dreaded the cold and the accompanying layer upon layer of clothing to fight the chill. We all know that feeling of trying to find the right amount of layers to keep us warm, but not too warm, and what always seems to be the outcome of not being all that comfortable.I have not had the opportunity to try wool cycling clothing before, so I was eager to saddle up and put the El Fito’s through their paces. Friends had always touted the wicking and temperature regulation properties of wool as top notch, and who can argue with nature right? The opportunity arose to test the knickers out a few weekends ago, and I left the house on my faithful steed to conquer some road miles.chamois The El Fito has a great chamois that is comfortable for even the longest of rides.Three hours later I was back at the house after a wonderful ride. I looked down at my lower half and asked myself “how have I ever ridden in the cold without these bibs?” The fit of the Ibex knickers has some thought behind it. They were comfortable throughout the ride, didn’t bunch up in any areas, and the legs are long enough to completely cover the knee (a problem I have found in other bibs due to my longer legs).  The attention to detail was also incredible with wind blocking material over the knee, excellent stitching, top-notch chamois, and a perfect mix of wool, nylon, and lycra to give it an unparalleled fit.Since that weekend ride I have put in miles on both my road and mountain bike ranging from quick hour spins to four-hour adventures. Each time I go to pack my gear I find myself reaching for the El Fito’s. I have other bib shorts, tights, knee warmers, and the like but they just don’t compare to the fit and quality of the Ibex.wind proof knee The attention to detail, such as the wind proofing on the knee, set the El Fito’s apart from other options.At 6’ 1” and 165 pounds I went with a size large, and it fits quite well. I know for some of you out there the $160 price tag may seem a touch high. I did a bit of research and many other company’s options are right around this price point. Also the El Fito’s are made with New Zealand Merino Wool and not synthetics, so there’s that.Final thought: If you want to tackle winter riding, buy yourself a pair of Ibex El Fito Bib shorts and kiss cold legs goodbye.last_img read more

Departing King Sturge boss sets up new HQ

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Governor Wolf Writes PA Delegation Regarding CBO Analysis of Ceasing Payments for Cost-Sharing Reductions

first_img Healthcare,  National Issues,  Press Release,  Public Health Harrisburg, PA – Governor Tom Wolf today issued the following statement on the Congressional Budget Office’s analysis of the potential impact of terminating payments for cost-sharing reductions:“Non-partisan experts at the Congressional Budget Office (CBO) confirmed concerns that I, other bipartisan governors, regulators, insurers, consumers, and Insurance Commissioner Miller have voiced for months. If cost-sharing reduction payments are not paid to insurers, consumers in Pennsylvania and around the country could see premiums increase by an additional 20 percent.“The CBO also estimates that failing to make payments for cost-sharing reductions would cause insurer exits that would leave portions of the country without options for individual health insurance in 2018 due to uncertainty in the market.“Commissioner Miller has written to Secretary of Health and Human Services Tom Price multiple times over the past few months stressing the seriousness of the situation at hand. Commissioner Miller has been working to stabilize our individual markets, and our insurers are seeing progress. But failing to commit to paying cost-sharing reductions increases uncertainty and could undermine that progress.“These are outcomes that the Trump Administration and Congress can avoid. The Trump Administration should guarantee payment of cost-sharing reductions for the remainder of 2017 and all of 2018, and Congress should appropriate funds for these payments so our insurers can have certainty that will save consumers around the country from significant premium increases.“It is imperative that we do not waste this opportunity. Congress and the Trump Administration must act now or Pennsylvanians and consumers around the country who will bear the cost of that indecision will know who failed to protect them.”Gov. Wolf also sent a letter to the Pennsylvania delegation in D.C, urging them to take action now to avoid significant rate increases, adding that “The president’s behavior on this issue is creating serious uncertainty. I cannot stress enough how harmful that uncertainty could be to Pennsylvania consumers, particularly those who do not receive financial assistance to help pay their health insurance premiums.“If President Trump elects to discontinue cost-sharing reduction payments, insurers will be forced to increase their rate requests, or choose to sell plans off-exchange only, or remove themselves from the individual market completely. Any and all of these results would jeopardize access to quality, affordable coverage for the 506,000 Pennsylvanians who purchase coverage on the individual market and the 340,000 who receive subsidies to help afford this coverage.“President Trump has ignored the pleas of governors, regulators, and insurers to protect individual market consumers, but Congress can make things right. Appropriating funds for the remainder of 2017 and all of 2018 would provide certainty that insurance companies so desperately need and that could provide relief for consumers who benefit from access to health insurance made available by the individual market.”Read full text of the letter below. You can also view the letter on Scribd and as a PDF.Dear Representative/Senator,When Pennsylvania’s individual market insurers filed rates for 2018 plans, they did so assuming the Affordable Care Act would be enforced as it stands today. This includes proper enforcement of the individual mandate and payments for cost-sharing reductions.Hundreds of thousands of Pennsylvanians rely on the health insurance marketplace for their coverage, and I implore you to support fully funding payments for cost-sharing reductions for the remainder of 2017 and all of 2018.If Congress does not appropriate the cost-sharing reduction funds, Pennsylvania’s individual market insurers will be forced to rely on President Trump, who is unable to make more than a month-to-month commitment to payments or who threatens to discontinue them altogether.The president’s erratic behavior on this issue is creating serious uncertainty. I cannot stress enough how harmful that uncertainty could be to Pennsylvania consumers, particularly those who do not receive financial assistance to help pay their health insurance premiums.If the Pennsylvania Department of Insurance does not allow our insurers to increase their rate requests to reflect this uncertainty, we risk insurers choosing to sell plans off-exchange only or removing themselves from the individual market completely. This would jeopardize access to quality, affordable coverage for the 506,000 Pennsylvanians who purchase coverage on the individual market and the 340,000 who receive subsidies to help afford this coverage.The Congressional Budget Office’s scoring of a marketplace without cost-sharing reduction payments hammers home the harm ending these payments will have on consumers. According to the score, released late yesterday, premiums will increase by as much as 20 percent by 2018 and 25 percent by 2020, and insurers will exit the market because of ‘extreme uncertainty.’We now find ourselves in a position I truly hoped we would avoid. Our insurers have little confidence that cost-sharing reduction payments will continue through the entire 2018 policy year, and are concerned about future enforcement of the individual mandate. This after our Insurance Commissioner Teresa Miller has worked tirelessly with insurers to provide as much stability in the state as possible.President Trump has ignored the pleas of governors, regulators, and insurers to protect individual market consumers, but Congress can make things right. Appropriating funds for the remainder of 2017 and all of 2018 would provide certainty that insurance companies so desperately need and that could provide relief for consumers who benefit from access to health insurance made available by the individual market.Throughout the recent debate on health care, I have been working with governors across the nation to advocate for common sense, bi-partisan reforms that will better our health care system for all. Let’s start here. Appropriating cost-sharing reduction funds is an easy opportunity to provide relief for consumers in Pennsylvania and around the country who are facing premium increases unless certainty for these payments is achieved.I urge you to come together and support appropriating funds for cost-sharing reductions so we can put this issue behind us and begin to address the real factors that drive rising health care costs in our country.Thank you,Tom WolfGovernorGovernor Wolf Letter to PA Delegation in CSR Payments Ending by Governor Tom Wolf on Scribd Governor Wolf Writes PA Delegation Regarding CBO Analysis of Ceasing Payments for Cost-Sharing Reductions August 16, 2017center_img SHARE Email Facebook Twitterlast_img read more

Italy’s Covip expects drop in contributions due to pandemic response

first_imgMario Padula, CovipRegarding the impact of COVID-19, Padula said: “There is a risk not only that the crisis will reduce the propensity to join the system […] but also that it will determine the exit from the system, either because they become unemployed, or they stop contributing.“This risk is causing a rise of the differentials in terms of inclusion, with further marginalisation of the weakest categories by gender, age and location.”Padula called for stronger fiscal incentives in order to encourage workers to restart contributing after the crisis. He also called for greater investment of second pillar pension funds in the Italian economy.The implementation of IORP II will serve as a catalyst, he added. Thanks to its modernisation elements, the directive should help pension funds intensify their relationships with existing and potential members.“We need to rethink […] the role not just of institutional investors but private savings in general can have in growing the economy and developing the financial markets, tackling with courage the problems that the Italian economy poses in relation with its industrial fabric and its capital markets.“We need to do this if we want to build a society where the pact between generations is prioritised, as it deserves to be. Only this way we will be able to look to the future with hope”, said Padula.Looking for IPE’s latest magazine? Read the digital edition here. According to Covip’s annual report, released this week, membership of second pillar pension funds grew by 4% in 2019 compared with the previous years.Italian pension funds had 8.3 million members, which represents 31.4% of the overall labour force. Individual pension funds took the largest share of members at 3.1 million, while industry-wide pension funds had 3.1 million at the end of last year.Open pension funds and occupational funds predating the 1993 reform had 1.5 million and 600,000 members, respectively.Pension fund assets grew by 10.7% during 2019 to €185bn, which equates to 10.4% of GDP and 4.2% of overall assets of Italian families. The assets held by casse di previdenza, the privatised first pillar funds for professionals, were €87bn, having grown by 1.9% during 2019.In his message, Padula highlighted the several challenges facing the Italian pension fund system, the main one being the low participation in the second pillar, especially when it comes to women and workers below 55 years of age.There is also a large gap in terms of participation between the north and the south of the country. Italy’s pension regulator, Covip, expects a decline in contributions to occupational pension funds over the next few months, as economic activity in the country falls due to the government’s response to the COVID-19 pandemic.The regulator also expects a rise in requests from members to access pension savings.In a video message streamed yesterday on Youtube, Covip’s chair Mario Padula said: “The actual magnitude of these phenomena remain under observation by the authority, in order to be able to evaluate the impact on individual pension funds and on the system overall, and to adopt the most adequate measures to contain the effects and support the recovery.”Padula said that Italian pension funds recorded negative returns during the first quarter of 2020, but managed to contain the markets’ volatility. Net of costs and taxes, industry-wide funds lost 5.2%, while open pension funds lost 7.5% and individual pension products lost 12.1%.last_img read more