U.S. Census Bureau. | If you are covered by the Civil Service Retirement System (CSRS) or CSRS-Offset, your spouse is entitled to a survivor benefit provided you have at least 18 months of civilian service and you were married for at least 9 months. , Unsatisfactory Immigration StatusBeneficiaries in theLocal Educational Agency Medi-Cal Billing Option Program, TCM Cost Report Due Date and Instructions for Reporting State Fiscal Year (SFY) 2020-21 Costs, The latest CCUG will be available upon request from the CMAA Unit, Countywide Averages (CWAs) for the Fourth Quarter (Q4) of State Fiscal Year (SFY) 2019-20, Please contact the CMAA unit to obtain a copy of the CWA worksheet, Personal Protective Equipment (PPE) Costs as Reported in the TCM Cost Report, Claiming Reimbursement for Participation Fees. What you need to know about the SBP 2023 Active Duty/Line of Duty Optional Annuity for Dependent Children elimination and annuity reversion to surviving spouses. H\T]@|WM{&>G0z$'uMnr&8TE7z?K;]365m=NU>m~y/YU]=6C|C;w]V+}ev;}tTh48S~+Wmbw=L~\EdeG%y{Jo=_y}Qo>9"Vb&-iab\dUIY Comments. Based on the increase in the Consumer Price Index, there is an 8.7 percent COLA for most retired pay and Survivor Benefit Plan annuities. 20 years: Length of time people in the military can serve and receive retirement pay 35; 2.19 million: Estimated number of military retirees in 2021; 2.28 million: Forecasted number of military retirees in 2031; Retired and Still Working. If youve recently retired from the uniformed services, you have a 91-day enrollment window to enroll in a FEDVIP dental and/or vision plan.Click here for a PDF of the March 2022 Retiree Newsletter In the past two years, the ranks of retirees 55 and older have grown by 3.5 million. News from Our Partners: Air Force Assistance Fund Campaign - 50 Years of Caring This sum includes Medicare premiums, copays, deductibles, and, 43% of retiree healthcare spending goes to copayments, coinsurance, deductibles, and similar expenses, 39% of healthcare spending goes to Medicare Part B and D premiums, 18% goes to generic, branded, and specialty drugs, 15%: Percentage of annual expenses retirees can expect to pay on healthcare costs, 33% of the people who take early Social Security retirement at 62 do so to help pay healthcare expenses, 79% of retirees get Social Security income (93% among retirees 65+), 59% receive pensions (68% among retirees 65+), 46% get dividend income, interest, or rental income (50% among retirees 65+), 32% draw from salaries, wages, or self-employment (25% among retirees 65+), 12% get cash transfers that aren't Social Security (7% among retirees 65+), 46.33 million retirees received Social Security in 2020, 90%: Percentage of cash income going to lower-income seniors from Social Security and Supplemental Security Income (SSI), 12.8%: Percentage of seniors 65 and older living in poverty, according to the supplemental poverty measure, $12,261: Poverty threshold for a single senior 65 or older, $15,453: Poverty threshold for couples 65+ with no children, Employer offered matching contributions 24%, Automatic enrollment in employers retirement plan 16%, 75% of self-employed folks feel personally responsible for ensuring adequate retirement income, 45% of self-employed people expect their retirement income to stem from savings and investments (vs. 32% for employed workers), About 75% of non-retired adults have some savings for retirement; just 36% see their savings as being on track, About 25% of non-retired adults have no retirement savings, 54% have defined contribution pensions such as 401(k)s and 403(b)s, 48% possess savings that aren't in retirement accounts, 12% have other types of retirement savings, Regular savings account 55% of survey respondents had this type of account, 401(k) 54% of survey respondents had this type of account, Traditional IRA 20% of survey respondents had this type of account, Roth IRA 19% of survey respondents had this type of account, Certificate of deposit 19% of survey respondents had this type of account, Annuity/life insurance policy 17% of survey respondents had this type of account, Taxable investment account 17% of survey respondents had this type of account, 29% of workers are very confident they will have the resources for a comfortable retirement, 21% strongly agree that retirement prep stresses them out, 49% of all workers have estimated how much money they need monthly for a comfortable retirement, 38% have estimated their health expenses in retirement, 43% plan for emergency expenses when doing retirement savings, 39% have considered the amount of money to withdraw in retirement, 33% are working with a financial professional; 38% who aren't currently working with one expect to later, 51% have thought about how they're going to occupy themselves when retired, 5.57: U.S. retirement readiness index score in 2012 (1 to 10, 10 being the highest score), Forced to retire or no work available 11%, 20 years: Length of time people in the military can serve and receive retirement pay, 2.19 million: Estimated number of military retirees in 2021, 2.28 million: Forecasted number of military retirees in 2031, 53% will work because they need the extra money, 39% say work will be good for their brainpower, 34% point to work as giving them a sense of purpose, 21% like the idea of working since it fosters social connections, 2x: Likelihood that a worker 65 or older is part-time vs. a worker 25 to 64 years old, Farmers, ranchers, and other agricultural managers 12.7%, Bus and ambulance drivers and attendants 12.6%, Real estate brokers and sales agents 11.7%, Musicians, singers, and related workers 10.9%, Access to hospitals and great healthcare 48%, 35 million (or about 70% of seniors): Number of seniors who live alone or with a spouse/partner. The Villages. As part of our work to identify efficiencies that can speed up processing of requests and reduce costs, we will stop mailing multiple Retiree Account Statements (RAS) during the month. As highlighted in the report, PPL's 2021 ESG accomplishments included: Clean Energy - We set a new goal to achieve net-zero carbon emissions by 2050, with interim reduction targets of 70% by . Pew Research Center does not take policy positions. Retrieved July 27, 2021, from, Traveling in Retirement Is a Dream, but High Costs Could Derail Plans. (2021, March 01). National Park Service. Between 2008 and 2019, the retired population ages 55 and older grew by about 1 million retirees per year. startxref AARP. uB-PK0#G0A>|xg==J~W+](RGD>:%QG~D>:" ' @=8s@=xi9s Kh2 4yMaO4/Q` y This coming spring, AFAF will be celebrating their golden anniversary for the AFAF Campaign50 Years of Caring (Updated 2021, June 29). For some couples, retirement means reconnection, while others continue the same as always, whether good or bad. Electronic Invoice Submission and the use of a Secure File Transfer Protocol (SFTP), Termination of Data Use Agreements (DUAs) with LEAs under LGAs, Submitting Random Moment Time Survey (RMTS) Vendor Fee Worksheets(VFWs) to the Department of Healthcare Services (DHCS) for SMAA, Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notificationofpolicy related to Time Survey Participants (TSPs) that are identified as being in the incorrect participant pool for the Random Moment Time Survey (RMTS).. Retrieved July 27, 2021, from https://money.usnews.com/money/retirement/aging/articles/why-older-citizens-are-more-likely-to-vote, Make Giving Back Your Second Act. It's less than the $48,048 for homemaker services and the $50,336 for home health aides, Not many homes are sufficient for aging in place. States with the highest gray divorce rates per 1,000 women:6, States with the lowest gray divorce rates per 1,000 women:6, Almost 10%: Percentage by which a previous divorce increases retirement financial risk for women who are currently married. (+1) 202-419-4300 | Main (n.d.). Bowling Green State University. --PPL Corporation on Friday reported a 2021 net loss of $1.48 billion, or $1.93 per share, compared with reported earnings of $1.47 billion, or $1.91 per share in 2020.. Special items were . Bi-level and tri-level rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles. Dental. What Surviving Spouses Need to Know: Survivor Benefit Plan (SBP) 2023 Elimination of the Optional Annuity for Dependent Children and Reversion of SBP Annuity to Surviving Spouses Labor force participation for the entire working age population declined from an annual average of 67% in 2000 to 63% in 2019. Yeah, a little bit of everything! Despite COVID-19 Concerns, Many Boomers Plan to Travel in 2021. The annualized dividend paid by PPL Corp is $1.66/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/09/2021. as of January 1, 2023, the Optional Annuity for Dependent Children will be eliminated and the SBP monthly annuity payment must revert to the surviving spouse (if the surviving spouse submits documentation confirming eligibility). January 1, 2022 marked the start of the second phase of the SBP-DIC Offset Phased Elimination. Forecast of the Number of Military Retirees in the United States from 2021 to 2031. Here are the top 10 cities AARP recommends for dating in retirement:3, States with highest rates of sexually transmitted infections among 55 and older. Click here to download a PDF of the December 2022 Retiree Newsletter That way, you have Social Security cash as a fallback if you're short of money.23, Significant healthcare expenses are likely. We are working to prepare the forms, policies, and processes. 2021 Tech Trends and the 50-Plus. 0000000996 00000 n The retirement uptick among older Americans is important because, until the pandemic arrived, adults ages 55 and older were the only working age population since 2000 to increase their labor force participation. PPL Retirement Plan 28 employees reported this benefit 5.0 4 Ratings Available to US-based employees Change location Employee Comments Showing 1-4 of 4 Mar 10, 2022 5.0 Current Computer Programmer in Allentown, PA, Pennsylvania Great Benefits are given from ppl to their employees Helpful Report Dec 18, 2016 5.0 2: Number of critical home accessibility designs for aging in place. PPL Corporation (NYSE: PPL) on Friday (2/18) reported a 2021 net loss of $1.48 billion, or $1.93 per share, compared with reported earnings of $1.47 billion, or $1.91 per share in 2020. (For example, in 2000 the earnings test on benefit claimants was no longer applied to those who had reached full retirement age.). Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. The CFC and charities in this campaign are so appreciative of the generosity of retirees. PPL Corporation ( NYSE: PPL) Q3 2021 Earnings Conference Call November 4, 2021 11:00 AM ET Company Participants Vincent Sorgi - CEO Joe Bergstein - CFO Greg Dudkin - COO Andy Ludwig - Vice. Retrieved July 27, 2021, from, Retirement Readiness Index Score in the United States from 2012 to 2020. Dublin, Jan. 18, 2023 (GLOBE NEWSWIRE) -- The "3D Printing in Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to. In addition, there were policy changes in Social Security that may have impacted retirement decisions. Social Security Administration. Benefits information above is provided anonymously by current and former PPL employees, and may include a summary provided by the employer. Butch enlisted in the United States Army. Report outages or power problems 24x7 at. Event Image: 1920 x 1080 px. The next few stats also show up in a report we did on senior poverty and homelessness. Take Advantage of Your FEDVIP Enrollment Period AmeriCorps. PDF. If you miss these deadlines, you will forfeit your right for retiree group life insurance. Social Security Administration. Here's the list of aspirations for retirement:10. 0000016757 00000 n Retrieved July 27, 2021, from, Freed, Stacey. The SBP-DIC Offset Phased Elimination: Phase Two is Here So, for most retirees, the primary source of income comes from retirement accounts such as 401(k)s and Individual Retirement Accounts (IRAs). you have any questions, please contact the PPL Pension and Savings Center at 1-800-827- 3321 or Employee Benefits at the Employee Benefits mailbox at benefits@pplweb.com or by calling 610-774-5022 (ETN 220-5022) or toll-free at 1-800-710-4985, Option #3. Download a PDF of the December newsletter to read, print or share (right click and choose "Save link as" to save to your computer), Click here to download a PDF of the September 2022 Retiree Newsletter, Click here to download a PDF of the June 2022 Retiree Newsletter, Directors Message Retirement among those 55 and older who have completed at least a bachelors degree rose 3 percentage points over this period. Retrieved July 27, 2021, from, Barthel, Michael, and Stocking, Galen. 28% of homes with residents 65 or older give seniors trouble with stairs. This resulted in about an 8 percentage point decrease in the response rate for the CPS in September 2021. The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About Phase Two and Phase Three This guide offers stats on sex in retirement, favorite dating apps, gray divorce, common fears among retirees, the popularity of travel, dreams in retirement, top cities to live in, finances, poverty, retirement prep, and much more. Read our research on: Congress | Economy | COVID-19. (+1) 202-419-4372 | Media Inquiries. The CPS microdata files analyzed were provided by the IPUMS at the University of Minnesota. (2021, Feb.). For retirees who still request postal mail from us, each January we mail your 1099-R. PPL 21-041 December 8, 2021 Historic High Rates Of STI's Among Older Americans. 0000004329 00000 n The large impact of the COVID-19 recession February 2020 to April 2020 on retirement differs from recent recessions and marks a significant change in a long-standing historical trend toward declining or steady retirement rates among older adults. H\n0D 0000007034 00000 n |_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. Statista. (2015). - Achieves earnings from ongoing operations of $0.28 per share. Mesa, AZ. 0000004178 00000 n |l+ Retrieved July 27, 2021, from, Rapacon, Stacey. (2021, April). (2021, April 07). Someone who is 65 years old today can expect to live about another 20 years. Download your guide today! Retrieved July 27, 2021, from, Frequently Asked Questions. WebMD. PPL's fourth-quarter 2021 reported earnings were $134 million, or $0.18 per share, compared with reported earnings of $290 million, or $0.38 per share, in 2020. PPL 21-043 December 15, 2021 State Fiscal Year (SFY) 2022-23 Annual Participation Prerequisite (APP) for the TCM Program PPL 21-042 December 10, 2021 Notification of State Fiscal Years 2015-16 through 2019-20 Cost Settlement Requirements for the Local Educational Agency Medi-Cal Billing Option Program. - Will appear on your page at 843 x 504 pixels. Elimination of Multiple RAS Mailings to Reduce Confusion and Costs It is unclear whether the pandemic-induced increase in retirement among older adults will be temporary or longer lasting. Statista. Please check our special webpage for news and information. myPay: How to Reactivate Your Account or Get Started Most retirees don't have pension plans and Social Security income isn't enough to maintain a pre-retirement standard of living. 0000045867 00000 n More than 50% of older divorces occur among folks married more than 20 years. (2019, Aug. 27). 0000004548 00000 n (2020, May). (2017). Top 25 Part-Time Jobs for Retirees. Administrative Claiming Policy and Procedure Letters, California DHCS Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 1, Access Health Care Language Assistance Services (SB 223), Local Educational Agency Medi-Cal Billing Option Program (LEA BOP) Reimbursement for Early and Periodic Screening, Diagnostic and Treatment (EPSDT) Screening Services, Notification of Expansion of Covered Services Provided by Associate Marriage and Family Therapists (AMFTs) and Registered Associate Clinical Social Workers (ACSWs), State Fiscal Year (SFY) 2022-23 Annual Participation Prerequisite (APP) for the TCM Program. ALLENTOWN, Pa., Nov. 4, 2021 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (11/4) announced third-quarter 2021 reported earnings (GAAP) of $207 million, or $0.27 per share,. We are halfway through the second phaseand 2023 is right around the corner. Retrieved July 27, 2021, from, Wilson, Chris. endstream endobj 225 0 obj <> endobj 226 0 obj <> endobj 227 0 obj <>stream So Are Increasing Numbers of Older Americans. Among large firms offering retiree benefits, a large share (80%) report offering health benefits to the spouses of retirees [ Figure 11.5 ]. Senior Discounts and Savings. You have 31 days from the date your active employee coverage ends to convert coverage. Check out the new, helpful information for military Gray Area Retirees A defined contribution . In July 2020, DoD began the transition from the paper-based Uniformed Services Identification (USID) card to a more secure, Next Generation USID card. The CPS is based on a sample survey of about 70,000 households. 0000037954 00000 n Any third party contributor to any such profile, article or video has been compensated by SeniorLiving.org for such contribution. Based on its initial data, the SSS approved the release of P1.47 billion pension loans for 33,007 retiree-pensioners from January to June 2021. Espaol Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. - Facebook will scale down to minimum dimensions: 470 174 pixels. - Reporter, Providence Business First Dec 16, 2021 Updated Dec 16, 2021, 3:31pm EST National Grid USA wants to sell the Narragansett Electric Co. to PPL Corp., a Pennsylvania-based energy. PDF. 0000009412 00000 n Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notificationof inclusion of Long-Term Direct Service Practitioner Substitutes and Administrative Service Personnel Substitutes in the Random Moment Time Survey (RMTS) Process., Ineligible Encounters for Federal Financial Participation (FFP): Information, Monthly Reports, TCM System, and TCM Cost Reports, Additional Response Options for the Random Moment Time Survey (RMTS) Pre-Sample Question 1, Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notificationof the compliance process for LEAProviders that do not submit the Cost and Reimbursement Comparison Schedule by the mandated due date., Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notificationof proposed regulation update related to theauthorization of speech pathology and audiological services, occupational therapy services, and physical therapy services., Notification of Changes to the Quarter One Time Survey Participant (TSP) List for the SMAA Program, LGAs Claiming Reimbursement for State Fiscal Year (SFY) 2019-20 CMAA/TCM Participation Fee, Countywide Averages (CWAs) for the Second Quarter (Q2) of State Fiscal Year (SFY) 2020-21, California Department of Health Care Services Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 2. How Much Money Do I Need to Retire? Transamerica surveyed thousands of working and retired folks in 15 countries to identify top goals. Browse Medicare Advantage HMO and PPO options. 28,900: Number of assisted living communities in the U.S. $48,000: Average yearly cost of assisted living. Boston Premier Wealth. Statista. Retrieved July 27, 2021, from, How to Estimate Retirement Expenses. Respondents could select multiple answers and count a spouse's income source as their own. Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notificationof contractor placement on the Time Survey Particpant (TSP) lists for the Random Moment Time Survey (RMTS). Retrieved July 27, 2021, from, Vespa, Jonathan, Engelberg, Jeremy, and He, Wan. Theres Still Time to Get a Head Start on Tax Season To help you plan for 2023, hereis thelist of paydays. Did you know you can use an authentication app for myPay? Pew Research Center. Retrieved July 27, 2021, from, Miller, Mark. Retrieved July 27, 2021, from https://www.forbes.com/sites/claryestes/2020/02/26/historic-high-rates-of-stis-among-older-americans/, Brown, Susan L. (2021, May 05). Pew Research Center. National Center for Assisted Living. The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About 2023 Retiring uniformed service members are considered newly eligible for FEDVIP. (2020, April 06). Authentication Apps are Your New Best Weapon Why it matters: Wives outlive their husbands by about six years, as mentioned earlier. | Women, Marriage, and Retirement Risk. .E//m@0$ E%:P,p C1#O8,1_}Xi9\/s1 cQ7%ow>LEo%wR)2}Q~07}sS7zir{k>g` ]p][(*^kSo|O\6N*U&S_\U{g_[9'*cPJ+{5MMMZokuS{hXXfz ^/K,5 Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. School Cert Season Is Here Again Steps to Take for Your College-Age SBP Child Annuitants If you need to change the bank account for your direct deposit, or change an allotment, make sure you allow a window of time for the change to be processed. The reasons have to do with divorce-related financial woes such as asset splitting, legal fees and expenses, and the shift to two households instead of one. The recent retirement spike has not been uniform across demographic groups. RBC Wealth Management. Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notification of opportunities for COVID-19 testing in schools and the impact on local educational agency LEA BOP reimbursement.
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