Los Angeles-based neo-soul/indie-pop sextet Fitz & The Tantrums have announced the release of their latest self-titled album, which is set for a June 10th release via Elektra Records. The much anticipated follow-up to 2013’s More Than Just A Dream has already seen the release of the single “HandClap” (check out the official lyric video below).“‘HandClap’ is a primal tale of love and lust, a call to arms in the late hours of the night,” says lead vocalist Fitz in a statement. “It’s the X-rated version of ‘Eternal Sunshine of the Spotless Mind’ happening on a dance floor.”The group has also announced a summer tour that begins in June, but also has a handful of previously-scheduled dates in April and May. Fitz & The Tantrums will headline NYC’s Terminal 5 on June 21st, among many other dates. Check out the album tracklisting and tour dates below:Fitz & The Tantrums Album Tracklisting1. HandClap 2. Complicated 3. Burn It Down 4. Roll Up 5. Tricky 6. Fadeback 7. Run It 8. Get Right Back 9. Do What You Want 10. Walking Target 11. A Place For Us Fitz & The Tantrums Tour Dates:April16 – The Woodlands, TX @ Cynthia Woods Mitchell Pavilion – 35th Annual Buzzfest30 – West Palm Beach, FL @ SunfestMay21 – Boston, MA @ DCH Hatch Shell – WBOS EarthFest June3 – Santa Barbara, CA @ Santa Barbara Bowl – KJEE Summer Roundup4 – Mountain View, CA @ Shoreline Amphitheatre – Live 105 BFD 201613 – Norfolk, VA @ Constant Convocation Center – 96x Fest14 – Richmond, VA @ The National15 – Greensboro, NC @ Cone Denim Arts Center17 – Dover, DE @ Firefly Music Festival18 – Washington, DC @ 9:30 Club19 – Hampton Beach, NH @ Hampton Beach Casino Ballroom21 – New York, NY @ Terminal 523 – Clifton Park, NY @ Upstate Concert Hall24 – Rochester, NY @ Rochester International Jazz Festival25 – Toronto, ON @ Danforth Music Hall28 – Bloomington, IN @ Bluebird Nightclub29 – Milwaukee, MI @ Summerfest July14 – Pittsburgh, PA @ Stage AE15 – Columbus, OH @ PromoWest Festival16 – Kansas City, KS @ Sporting Park Stadium – KRBZ’s Annual Beach Buzz Ball17 – North Birmingham, AL @ Sloss Music & Arts Festival19 – New Orleans, LA @ Civic Theater20 – Little Rock, AR @ Metroplex22 – Tulsa, OK @ Cain’s23 – Dallas, TX @ House of Blues 24 – Austin, TX @ Stubb’s26 – Albuquerque, NM @ Sunshine Theater27 – Tempe, AZ @ Marquee Theatre August18 – Sacramento, CA @ Ace of Spades19 – Portland, OR @ Oregon Zoo Amphitheater20 – Seattle, WA @ Marymoor Park23 – Spokane, WA @ Knitting Factory24 – Vancouver, BC @ Vogue Theatre26 – Edmonton, AB @ Union Hall27 – Calgary, AB @ MacEwan Hall28 – Missoula, MT @ Big Sky Brewery30 – Boise, ID @ Summerfield31 – Jackson, WY @ Pink Garter Theatre
According to the survey 2% of the funds are already using some form of flexible pension pay-out.Another 23% did not comment on the subject but a quarter said the topic had come up in discussions, and larger funds are more likely to have debated the matter; 8% said they had discussed the issue and decided against the introduction of a flexible pension element, while another 2% said they had decided in favour.But Swisscanto beleives that many Pensionskassen will wait until the pension fund of the Swiss federal rail operator, SBB, makes its decision and will then check the reaction of the media and the public.In the survey among Pensionskassen jointly managing CHF506bn (€413bn), Swisscanto also found that the average conversion rate used to calculate pension payouts from accrued assets has declined further.The average conversion rate is now 6.34% compared to 6.7% in 2011, with 43% of all Pensionskassen having decided on further cuts down to a target level of 5.99% in coming years.This is below the 6% threshold envisaged by the government in its ’Altersvorsorge 2020’ reform package.Additionally, for the first time, the average discount rate applied by surveyed Pensionskassen has fallen below 3% to 2.89%.Swisscanto calculated that the adjustment of the conversion rate over the last 10 years has decreased pension payout levels by 9.4%. Four out of ten Swiss pension funds have never debated the possibility of introducing variable pension payouts, according to a survey by the Zurich-based asset manager Swisscanto.Faced with low returns from capital markets, demographic challenges and high discount and conversion rates, Swiss funds may in future have to cross-finance pension payouts from active members’ assets.A solution to the problem is to adjust the technical parameters, as many are currently doing, or to introduce a bonus element to a guaranteed minimum pension for future pensioners – a measure which was introduced by the Pensionskasse of PwC in Switzerland in 2005 and by the energy Pensionskasse PKE only at the beginning of this year.As in the Netherlands, which has seen widespread pension benefit cuts in recent years, such measures could be highly unpopular.