Camille Steer, corporate manager, fund services, at JMMB Fund Managers shared the ABC plan to retirement during a recent episode of the JMMB Goal Getter Live (webinar) series.

Being set for life, when you retire from your job, or the daily ‘grind’, is easier than you think, if you apply the ABC plan shared by Camille Steer, corporate manager, fund services, at JMMB Fund Managers, during a recent episode of the JMMB Goal Getter Live (webinar) series. Steer, outlined the components of the ABC plan; audit your finances and take action accordingly; put a budget in place and consistently contribute to your retirement plan, while controlling your expenses. “When you have this (financial) underpinning you will unlock the power to achieve all your financial dreams…as the ABC plan will help you to create financial habits that will allow you to feel energized, empowered and excited about achieving all your financial goals.” The pension expert noted that retirement planning is best approached as a part of one’s holistic financial planning, and is not separate from the achievement of one’s other goals, such as homeownership; enjoying your dream vacations; buying a car and wealth accumulation. She, therefore, outlined that individuals should take a similar approach to establish a solid financial base, starting with an emergency plan of three to six months’ worth of their expenses. “What we are seeing as a result of COVID-19, is that more persons are going into pre-retirement earlier than planned and so they have less set aside. Therefore, for persons who are still employed they should use the opportunity to maximise their contribution, which can be as much as 20 per cent of their annual gross salary,” outlined, Steer. In giving a sense of the amount needed during retirement, Steer, shared that the advisable amount is at least 70 to 80 per cent of one’s last salary at retirement age, therefore with the help of your financial advisor this projected amount is calculated. iStock image To achieve this, a multilayered approach should be taken towards retirement planning. The first element of this is, making contributions to the National Insurance Scheme (NIS), which is a mandatory payment for all employed and self-employed individuals in Jamaica. This will need to be bolstered by a retirement plan which can take the form of an individual retirement solution or a superannuation fund/ group or organizational pension scheme. While the final layer would take the form of supplemental/ additional income such as investments or other passive sources of income. Getting an early start, from your first pay cheque, is the best ingredient in your retirement planning; however, she charged the online audience not be deterred, if they have not already done so, “the next (best ingredient)… is to take action and start planning for your retirement now. Be proactive by having a conversation with your financial representative and move forward in a step-by-step manner,” said Steer. Already heeding this call was co-presenter, Clifton Rookwood, a 20-year-old customer care associate, who is already on board with this advice. He adds his own words of encouragement, “Start with even as little as $500 per month…it may not be a lump sum, but it will enable you to have something later on.” He further stated, “set it as a priority for yourself since you are going to be the beneficiary.” In the event of your death, the named beneficiaries outlined on your pension enrollment form will receive a lump sum payment, consisting of your contribution and interest. In reiterating Rookwood’s point, Steer shared that having audited your finances and established your budget, this will afford persons the opportunity to better exercise the next key ingredient, consistently contributing to your retirement plan. In so doing, individuals can benefit from, what is defined as, the compounding effect, whereby your retirement contributions will increase by earning interest on both the contribution and the interest that is reinvested, on an ongoing basis. In demonstrating the compounding effect the following scenario was shared, during the live webinar: Starting Age for Retirement Plan Monthly Installation of Pension Contribution Lump sum Payment at Retirement (age 65 years) 25 years old J$ 4500 J$ 13.7 M 35 years old J$ 4500 J$ 7.4 M 45 years old J$ 4500 J$ 3.7 M Although noting that consistency is key, she admitted that life can throw curveballs. As such, your retirement plan is flexible, whereby you are not penalized for missing a monthly payment; reducing the payment amounts; or taking a break from making these payments. She cautions, however, that this should only be done in dire circumstances, as this impacts your ability to be set for life, after your active working life. Adding, individuals should resist the temptation to forego contributing or starting a pension plan now, due to COVID-19. In keeping the discussion frank, Steer, charged individuals to imagine the alternative, “if you are struggling now and do not put anything away for your later years, can you imagine what it will be like then?” Never Too Late The pension expert, therefore, encouraged older persons not to be deterred; instead greater focus should be placed on maximising your pension contribution, in addition to identifying all other sources of income to supplement your pension. With fewer years left towards retirement, you would need to bolster your retirement scheme with other investment solutions, in consultation with your financial advisor, and/or invest in assets such as real estate, which will provide consistent long-term income, in the form of rental income. Steer, also advised persons to monitor their retirement fund, by paying attention to their statements, recognising that as your financial circumstances change, you may need to adjust your approach and contribution to your retirement plan. During the live, on JMMB’s social media channels (YouTube, Facebook and Twitter), the pension expert also shared further nuts and bolts of getting started; the tax-free benefits of pension plans and how to customize one’s pension plan based on his/her needs, lifestyle, risk appetite and budget. The JMMB Goal Getter Live series of webinars, held on Tuesdays at 8:30 p.m., via the company’s social media platforms (YouTube, Twitter and Facebook), is also available for rebroadcast within 24 hours on YouTube. The series has explored a range of topical issues, especially those affecting individuals during the COVID-19 pandemic, including homeschooling, wellness, wealth building, relationship-building, money-making opportunities, personal branding, debt management, among other areas. It is aimed at giving hope, lending expertise and sharing solutions that will assist clients and the wider public, to navigate the crisis; and serves as an avenue to address a cross-section of topical issues - thus underscoring JMMB Group’s commitment to being in its clients’ world.

Minister of Finance and the Public Service, Dr Nigel Clarke.

Minister of Finance and the Public Service, Dr Nigel Clarke, tabled the Public Bodies Management and Accountability (Nomination, Selection and Appointment to Boards) Regulations, 2020 on Tuesday in the House of Representatives. In addition to being consistent with the Corporate Governance Framework and vision of 2011, the legislation now provides for strong representation of both genders on the board of each public body. The proposed legislation now states that the total membership of the board of any public body shall comprise a minimum of 30 percent male and 30 percent female. The provision of a minimum gender representation requirement is consistent with global best practices, and furthers our national goals of diversity, and gender balance, where we can create a society in which women and men have equal opportunities to contribute to national development. Clarke noted, “The Government of Jamaica through this proposed regulatory requirement is signalling the vital importance of gender equity in our society. Inclusion of sufficient numbers of women and men on all public body boards makes for a better Jamaica. The principles of public legitimacy, equality of opportunity, balanced decision-making and basic equity and fairness require this.” The proposed regulations which benefited from the contribution and feedback from a wide cross-section of stakeholders in the public, private and civil society sectors will also allow for the establishment of a secure, reliable and verified database of prospective directors; promote continuity through the compulsory reappointment of some members of an outgoing board; and require compulsory fit and proper testing for certain public boards. The tabled regulations need to be passed in both Houses of Parliament before becoming effective.

FILE - In this April 1,3 2013, file photo, actress Naya Rivera arrives at Logo's NewNowNext Awards in Los Angeles. A member of a team searching a Southern California lake for Rivera, the missing TV star, said Sunday, July 12, that he's confident his crew is getting a clearer idea of where in the lake to find her, a magazine reported.  (Photo by Dan Steinberg/Invision/AP, File)

A body was found Monday at a Southern California lake during the search for "Glee" star Naya Rivera, authorities said. The body was discovered five days after the 33-year-old Rivera disappeared on Lake Piru, where her son was found July 8 alone a few hours later on a boat the two had rented, the Ventura County Sheriff's Office said. Authorities would not immediately say if the person found was Rivera, but said the day after she disappeared that they believed she drowned in the lake northwest of Los Angeles. A 2 pmpress conference was scheduled. The lake an hour's drive from Los Angeles was searched by dozens of divers working in waters with little visibility, with help above from helicopters, drones and all-terrain vehicles. Rivera played singing cheerleader Santana Lopez for six seasons on the Fox musical-comedy "Glee." If she is declared dead, she will become the third major cast member from the show to die in their 30s. Cory Monteith, one of the show's leads, died at 31 in 2013 from a toxic mix of alcohol and heroin. And co-star Mark Salling, who Rivera dated at one point, killed himself in 2018 at age 35 after pleading guilty to child pornography charges. Rivera had experience boating on the lake in Los Padres National Forest, authorities said. Surveillance video shows Rivera and her son, Josey Hollis Dorsey, leaving on the rented boat. When the boat failed to return, its vendor found the vessel drifting in the northern end of the lake late Wednesday afternoon with the boy asleep on board. He told investigators that he and his mother had been swimming and he got back into the boat but she didn't, according to a sheriff's office statement. The boy was wearing a life vest, and another life jacket was found in the boat along with Rivera's purse and identification. Rivera is believed to have drowned "in what appears to be a tragic accident," the statement said. The boy, Rivera's son from her marriage to actor Ryan Dorsey, was safe and healthy and with family members, authorities said. The couple finalized their divorce in June 2018 after nearly four years of marriage. The most recent tweet on Rivera's account, from July 7, read "just the two of us" along with a photo of her and her son.

If You Only Knew is the title of Sevana's new release. (Photos: Contributed)

From rummaging through Puma showrooms in Dubai to sourcing Ankara print trousers in farmer’s markets in Dakar, Senegal, reggae singer Sevana and director Yoram Savion brought an intercontinental fusion with the much-anticipated If You Only Knew (IYOK) music video. Black Love and undying commitment is the message behind this new release, shot in parts in Jamaica and Senegal. The 20-something crooner is among the acts championing the reggae revivalist movement and member of the Protoje-led In.Digg.Nation Collective. She is headstrong and going places – her name literally translates to ‘bright star’. LISTEN TO THE TRACK VIA YOUTUBE HERE IYOK is one of six tracks from Sevana’s sophomore EP Be Somebody, and, much like the first – a self-titled preview – IYOK is set to deliver another soulful performance. Loop Lifestyle checks in with Sevana to see just how far she’d go for the one she loves. FYI: Distance varies not her commitment. Where was the video shot? 90% in Senegal last December by director Yoram Savion, while on a work trip – filming for a short film. ‘The premise for the video was to show me using several methods of transport: walking, by car, on a bike, and a boat to emphasize the meaning of the song 'if you only knew how far I'd go for you,' she says. Who are the members of your glam squad? ‘There was no glam squad…no stylists, no make-up artist, no set director, just me and Savion’. ‘We wanted to show off Senegal. I did it all myself’. Her head wraps and printed pants were bought in the markets, and ‘we wrapped in literally a couple hours’. Puma is a recurring brand in IYOK, talk to us about that relationship... ‘It’s not a Puma ad,’ contrary to the belief of fans online. ‘Me and Puma great!’ The Magic crooner performed at Sole DXB (December 5-7) in Dubai with Protoje and Lila Iké last December and shot IYOK days later. ‘Puma [apparel] was literally all I had on me at the time’ she told Loop Lifestyle. Plus, having shot an ad campaign previously for the brand with filmmaker Nile Saulter, it’s, therefore, no surprise that the singer would have a lot of Puma merch on hand. Fun fact: Before visuals for IYOK were released, Sevana’s team informed the reps at Puma of the upcoming video and shared images. They loved it and agreed to provide full support with social media endorsements. What's one thing you hate about public transportation? ‘It’s unsafe, unreliable, and so many people get kidnapped…I don’t think we have a very functional [method of] public transportation,’ which, she believes, would make public transportation more appealing. What's your favourite look from the video? The firstlook: blue head-wrap then the look with the yellow head wrap. I tried to play it a bit monochromatic where the sports bra matched the head wrap and pants. ‘At one point, we were on the highway…I was on the back of the bike and Yo was literally hanging out of a moving car to get the shots.’ Any on/off cam or onstage performance rituals? ‘A lot of it is just mental preparation, knowing that I have to perform, making sure that I’m fed and hydrated.’ ‘My confidence is grounded in knowing that this a huge part of my purpose, keeping the energy light and positive. And, even if the energy is heavy, I try to channel into the performance.’ What’s your sign? I’m a Scorpio, born November 21. Who are two people you'd love to know better? After a brief pause… ‘that would be my mother and father’. Sevana’s reasons are simple, there’s a lot to learn from her mother, who she describes as ‘somewhat secretive’. And, her father would provide insight and a sense of self/understanding as she wasn’t raised by him – though the two have nurtured a stronger bond over the years. How far would you go for the one you love? To the ends of the earth, there is no limit…genuinely! What's one thing only a close friend/crew member would know about Sevana? ‘Mi nuh know…ask Shanice’ she said. Sevana’s assistant Shanice Mitchell described her boss as ‘extremely strong-willed…anything she can think of, whatever it is she wants, is exactly what’s gonna happen’. Relationship deal breakers? ‘Dishonesty. That’s it! Also, have a real sense of direction and how to manage yourself financially.’ A candidate who’s funny, tall, and has a ‘nice mouth’, she added, is less likely to be overlooked. Dating no-nos...? Don’t be distracted from me. I should be your focus, I should have your attention. Don’t be rude and be a gentleman. What's one thing readers/viewers should know about IYOK? It’s a really special and honest song [that] I wrote almost immediately when I heard the beat. Who's your biggest inspiration? I’m gonna give you two: Maya Angelou and Nina Simone. Especially Nina Simone because she was a dark-skinned woman [making waves] in a time when racism was so staunch. Sevana admires Simone for her personality and ‘her being herself’. ‘Mi love har! Mi love Nina Simone…it’s incredible to watch her perform and [exude] confidence.’

FILE - In this October 24, 2019, file photo, Native American leaders protest against the Redskins team name outside US Bank Stadium before an NFL football game between the Minnesota Vikings and the Washington Redskins in Minneapolis. (PHOTO: AP)

The Washington NFL franchise announced Monday it is dropping the “Redskins” name and Indian head logo, bowing to recent pressure from sponsors and decades of criticism that they are offensive to Native Americans. A new name must still be selected for one of the oldest and most storied teams in the National Football League, and it was unclear how soon that will happen. But for now, arguably the most polarizing name in North American professional sports is gone at a time ofreckoning over racial injustice, iconography and racismin the US The move came less than two weeks after owner Dan Snyder, a boyhood fan of the team who once declared he would never get rid of the name, launched a“thorough review”amid pressure from sponsors. FedEx, Nike, Pepsi and Bank of America alllined up against the name, which was given to the franchise in 1933 when the team was still based in Boston. “The NFL and Dan Snyder, we have to commend them on making the right call to change the name,” said Oneida Indian Nation Representative Ray Halbritter, leader of the “Change the Mascot” campaign. “Dan Snyder won today because now he has a legacy that will be different from the racial slur that was the team name. I know that’s not an easy thing to do, but it was the right thing to do.” The team said it is “retiring” the name and logo and that Snyder and coach Ron Rivera are working closely to develop a new moniker and design. The announcement came on the old letterhead with the Redskins name because the team technically retains it until a new one is chosen and approved. Native American advocates and experts have long criticized the name they call a “dictionary-defined racial slur.” Over a dozen Native leaders and organizationswrote to NFL Commissioner Roger Goodelllast week demanding an immediate end to Washington’s use of the name. Goodell, who has fielded questions on the topic for years, said he supported the review. Protests against the name predate Snyder buying the team in 1999, and, until now, he had shown no willingness to consider a change. Strong words from sponsors — including a company run by a minority stakeholder of the team — changed the equation. FedEx earlier this month became the first sponsor to announce it had asked the organization to change the name, particularly important because CEO Frederick Smith owns part of the team. FedEx paid $205 million for the long-term naming rights to the team’s stadium in Landover, Maryland. The lease at FedEx Field expires in 2027, and dropping the name keeps open various possibilities in Maryland, Virginia and Washington for the team’s new stadium and headquarters. District of Columbia Mayor Muriel Bowser has said the name was an “obstacle” to Snyder building on the old RFK Stadium site, which is believed to be his preference. The team recently started cutting ties with racist founder George Preston Marshall,removing his namefrom the Ring of Fame andrenamingthe lower bowl at FedEx Field for the team’s first Black player, late Hall of Famer Bobby Mitchell. Marshall, who renamed the Boston Braves the Redskins in 1933 and moved the team to DCfour years later, was a segregationist and the last NFL owner to integrate his team. The current logo shows the profile of a red-faced Native American with feathers in his hair. Major League Baseball’s Atlanta Braves and the National Hockey League’s Chicago Blackhawks have said they have no inclination to change their names. Some advocates would like to see all Native American names, mascots and imagery out of sports. “Our fight continues,” Crystal Echo Hawk of the Native American advocacy group IllumiNative said in a statement. "We will not rest until the offensive use of Native imagery, logos and names are eradicated from professional, collegiate and (other school) sports. The time is now to stand in solidarity and declare that racism will not be tolerated.” Halbritter said it was important to note those other names are not a slur, but he hopes a “broader discussion” can be had. He pointed out that Florida State spoke with the Seminole tribe about its name, the same thing aminor league baseball team in Spokane, Washington, did with local Native Americans. It was not immediately clear if the organization is consulting Native Americans on a new name or if any imagery will even be used. “I think it’s striking that the NFL and other owners of other sports teams don’t have a conversation with Native America on these names,” Halbritter said. “It’s about respect, and I don’t understand why they just don’t have a conversation with the affected people.” Long removed from the glory days of winning Super Bowl titles in the 1982, 1987 and 1991 seasons under coach Joe Gibbs, Washington's NFL team has just five playoff appearances in 21 years and no postseason victories since 2005. The team has lacked a nationally marketable player since Robert Griffin III’s short-lived stardom, and the 2020 schedule features zero prime-time games for a franchise that used to be a draw. Re-branding with a new name and logo — and perhaps the same burgundy and gold colors — coupled with turning football operations over to Rivera could be a boon for Snyder on and off the field. Even if a segment of the fan base opposes the change in the name of tradition, winning would more than make up for those losses.

Shelly-Ann Fraser-Pryce, of Jamaica, wins the women's 100m finals at the World Athletics Championships in Doha, Qatar, Sunday, Sept. 29, 2019. (AP Photo/Morry Gash).

Four-time world champion Shelly-Ann Fraser-Pryce on Saturday clocked a world-leading 11:00 seconds in the women's 100m sprint in Jamaica's first track and field meet since early March because of the coronavirus pandemic. Competing at the Velocity Fest meeting at theAshenheimStadium at Jamaica College, the 33-year-old Fraser-Pryce, representing Nike, won easily despite a stiff-2.2m/s headwind to beat the previous fastest time in the world this year -11.05 - set by AmericanSha’Carri Richardson in Montverde, Florida on July 4. The two-time Olympic champion Fraser-Pryce took the victory well ahead of Sprintec's Shashalee Forbes, who finished second on 11.49. The MVP Track Club pair ofBahamian Anthonique Strachan (11.84) and Indian sprinter Srabani Nanda (11.88) finished third and fourth, respectively. At the 2019 World Championships in Doha, at the age of 32, Fraser-Pryce became the oldest woman and second mother in history to win gold at the 100m at a global championships. Nesta Carter, 10.38, won the men’s 100m ahead of Tyquendo Tracey, 10.39 and Romario Williams, 10.39. Meanwhile, double Olympic sprint championElaine ThompsonHerah had to settle for second place behind her MVP teammate Shericka Jackson in heat 3 of the women's 200m. Jackson, the Doha 2019 400m bronze medallist,came home in 22.89 seconds, the fastest time over the heats, while Thompson Herah clocked 22.98 for the second-fastest time overall. Thompson Herah later wrote on her social media page "Back on the track after 9 months is a good feeling. I am a little race rusty but a girl is ready to take on any obstacles in her way. Also racing as a wife am sooo happy 😃 lord you are worthy I hope for nothing but health and healing 🙏🏾. Looking like 16😜." Forbes finished third in 23.45 and her Sprintec teammate Ronda Whyte was fourth in 23.93. Julian Forte won the men’s 200m (-2.9m/s) in 20.71 ahead of Rasheed Dwyer, 21.06, and Romario Williams, 21.07. Tajay Gayle, who stunned the world on September 28, 2019,to win the gold medal in the men's long jump at the IAAF World Athletics Championships in Doha, also returnedoff a long break, partially forced by the COVID-19 lockdown, to secure victory. The 23-year-old Gayle of MVP topped the men's long jump with a wind-assisted 8.52m (4.5m/s wind). Ramone Bailey, also of MVP, finished second with an effort of 7.54m (4.5m/s wind). Shanieka Ricketts, who wonthe silver medal in the triple jump at the 2019 IAAF World Athletics Championships in Doha, also took victory at JC. Ricketts won with an effort of 14.11m to beat her Pelicans Track Club teammate Sandisha Antoine (13.13m). Tissanna Hickling topped the women’s long jump with 6.60m. Tovea Jenkins of Sprintec, 53.83 beat Junelle Bromfield of MVP, 54.06, in the women’s 400m. Megan Tapper won the women’s 100m hurdles in 13.25 ahead of Amoi Brown, 13.46, while Janieve Russell topped the women’s 400m hurdles in 57.29 ahead of Ronda Whyte, 57.97.