Welcome to the September 2022 Retiree Newsletter! (Updated 2021, June 28). Retrieved July 27, 2021, from https://www.bankrate.com/retirement/best-and-worst-states-for-retirement/, Assisted Living: A Growing Aspect of Long Term Care. (2020, Aug. 21). Among people 50 to 64, here's the percentage on the various social media platforms: Leisure, recreation, and more at an all-retiree community in Florida, 80%: By one estimate, the percentage of pre-retirement income retirees need to live comfortably. Respondents could select multiple answers and count a spouse's income source as their own. It is a subsidiary of The Pew Charitable Trusts. Take Advantage of Your FEDVIP Enrollment Period 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. Did you know you can use an authentication app for myPay? FRS Bulletin: The Division of Retirement distributes this newsletter to active members of the FRS Pension Plan to keep members informed of retirement legislation, benefit provisions and other retirement-related news of interest. For Army National Guard, Air National Guard, Army Reserve, Navy Reserve, Marine Corps Reserve and Air Force Reserve Gray Area Retirees, there is a new avenue to stay connected and informed between the time they stop drilling and the time they start receiving retired pay. Identifying the Status of Spouse/Former Spouse SBP Coverage on your Retiree Account Statement (RAS) Most retirees don't have pension plans and Social Security income isn't enough to maintain a pre-retirement standard of living. Open Enrollment is here: News for retirees Thursday, October 28, 2021 Know your options in the class action settlement involving CalPERS Long-Term Care Plan Thursday, September 16, 2021 August New Dimensions is now available 8/30/2022 4:16 PM. 27% of adults in 2020 said they're retired even though they still work at least a bit25, 13% of retirees have worked for pay or profit in the prior month, AARP compiled a list of top retiree jobs based on how common a job was among the 55+ set, the pay, physical demands, job satisfaction, and other factors.36, The 10 jobs with the highest percentage of workers 66 and older37, Where retirees live Giving Back through the CFC in Many Ways Check out the new, helpful information for military Gray Area Retirees Use this handy checklist to do a retired pay checkup. Annual Performer Review 2019-20. 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 the third quarter of 2019, before the onset of the pandemic, 48.1% of those adults were retired. 0000043123 00000 n Forecast of the Number of Military Retirees in the United States from 2021 to 2031. News from Our Partners: DoD Uniformed Services ID Card Reissuance What does retirement mean, anyway? 3.9 154,871 Reviews. News from OurPartners: Change in Temporary Guidance for USID Cards (2021, Jan. 14). Bi-level and tri-level rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles. Statista. January 1, 2022 marked the start of the second phase of the SBP-DIC Offset Phased Elimination. Read our research on: Congress | Economy | COVID-19. Trust is #1 most important factor in retiree relationships, Among people 55 and older in a 2021 Choice Mutual survey:2. Statista. Information about your retirement, health and other benefits, including carriers' contact information. Stats on military retirees. (2021, July 07). 247 0 obj <>stream FSA Dependent Care: $5000 max/year. Despite COVID-19 Concerns, Many Boomers Plan to Travel in 2021. The CFC and charities in this campaign are so appreciative of the generosity of retirees. 3020 16th Avenue S. Minneapolis, MN 55404. As of the third quarter of 2021, 50.3% of U.S. adults 55 and older said they were out of the labor force due to retirement, according to a Pew Research Center analysis of the most recent official labor force data. | Welcome to the June 2022 Retiree Newsletter! 0000009412 00000 n (2021, April). Top 25 Part-Time Jobs for Retirees. Your Retiree Account Statement (RAS) Shows Your Current SBP Coverage Retrieved July 27, 2021, from, 2021 RCS Fact Sheet #3: Preparing For Retirement in America. endstream endobj 214 0 obj <>>>/Lang(en-US)/Metadata 211 0 R/Names 215 0 R/Outlines 180 0 R/Pages 206 0 R/Type/Catalog/ViewerPreferences<>>> endobj 215 0 obj <> endobj 216 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/Properties<>/XObject<>>>/Rotate 0/Tabs/W/Thumb 181 0 R/TrimBox[0.0 0.0 576.0 792.0]/Type/Page>> endobj 217 0 obj <> endobj 218 0 obj <> endobj 219 0 obj [/ICCBased 239 0 R] endobj 220 0 obj <> endobj 221 0 obj <> endobj 222 0 obj <> endobj 223 0 obj <> endobj 224 0 obj <>stream Espaol In the 10 years from FYE 2010 to FYE 2020, pensioners had similar average incomes with 321 and 333 respectively. Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. | Contact Us (n.d.). BLS projects large increases in labor force participation among older adults from 2020 to 2030, with nearly 40% of 65- to 69-year-olds being in the labor force by 2030, up from 33% in 2020. Among older adults who have a high school diploma or less the rate increased 1 point. Choice Mutual. The recent retirement spike has not been uniform across demographic groups. Click here to download a PDF of the December 2022 Retiree Newsletter The overall decline in labor force participation would have been larger if adults 55 and older had not increased their labor force participation (from 32% in 2000 to 40% in 2019). 0000002264 00000 n (2016). 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,. The new number is: 317-212-0551. Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14). You may have noticed that this stats compilation includes figures on people 50 and older, 55 and older, and 65 and older. More than 1/3 dated in the past five years. The SBP section has five lines for members who participate in SBP. Powers of Attorney/Third Party Representatives for Retirees, Powers of Attorney/Third Party Representatives for Annuitants, Survivor Benefit and Arrears of Pay Frequently Asked Questions, The Fiscal Year 2023 National Defense Authorization Act: Survivor Benefit Plan Open Season, Theres Still Time to Get a Head Start on Tax Season, myPay: How to Reactivate Your Account or Get Started, Your Retiree Account Statement (RAS) Shows Your Current SBP Coverage, Click here to download a PDF of the December 2022 Retiree Newsletter, Employment Compensation from a Foreign Government Can Impact Your Retired Pay, Time to Check and Update Your Beneficiary Information, News from Our Partners: Retired Members - Take advantage of your FEDVIP enrollment period, News from Our Partners: Air Force Assistance Fund Campaign 50 Years Of Caring, The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About Phase Two and Phase Three, The SBP-DIC Offset Phased Elimination: Phase Two is Here, 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, Educating Your Beneficiaries Before Your Final Paycheck AOP, Identifying the Status of Spouse/Former Spouse SBP Coverage on your Retiree Account Statement (RAS), Elimination of Multiple RAS Mailings to Reduce Confusion and Costs, School Cert Season Is Here Again Steps to Take for Your College-Age SBP Child Annuitants, Direct Deposit Information for SBP ChildAnnuitants Turning 18, News from OurPartners: Change in Temporary Guidance for USID Cards, News from Our Partners: Air Force Assistance Fund Kicks Off Annual Campaign for Charities, News from Our Partners: Recently Retired from Service? Comments dimensions@pplweb.com www.pplweb.com Printed on recycled paper and recyclable. The Energy Grid A Century of Caring We are driven to not just power appliances but power life. Countywide Averages (CWAs) for the Third Quarter (Q3) 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 3, NotificationofReimbursementforCOVID-19 VaccinationsintheLocalEducationalAgency Medi-CalBilling Option Program (LEA BOP). Old Housing, New Needs: Are U.S. Homes Ready for an Aging Population? (n.d.). The stock market did have a sharp sell-off in March 2020 but reached new record highs by August 2020. - Achieves earnings from ongoing operations of $0.28 per share. No matter what, starting to plan early can help ensure you get the retirement you aspire to. (n.d.). Retirees can also access good quality healthcare and diverse amenities. 1~@%1d.dPK%h ZB-PK%|^ It is advised that you conduct your own investigation as to the accuracy of any information contained herein as such information, including without limitation any medical advice, is provided "as is" for informational purposes only. Men also tend to have higher benefit amounts. The retirement rate of U.S.-born adults ages 55 and older rose 3 points from 2019 to 2021, while the rate for their foreign-born peers was unchanged. | Careers SeniorLiving.org. Well-being of older adults living alone. 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 Best Places to Retire in 2021. 2023 Cost of Living Adjustment (COLA) 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. |l+ For involuntary retirements, the most common reasons are: 29% of people who retired in the year prior to May 2020 cited COVID-19 as a factor. Retrieved July 27, 2021, from, Self-Employment Requires Retirement Self-Reliance. | Inside length: 89', 4" Inside width: 8', 7" Bi-Levels: A-Deck height: 7', 4" (2017). Download a PDF of the March newsletter to read, print or share (right click and choose "Save As" to save to your computer), Click here to download a PDF of the March 2022 Retiree Newsletter, Directors Message Current issue November 2022 Volume 39 Number 4 + Archives August 2022 Volume 39 Number 3 May 2022 Volume 39 Number 2 February 2022 Volume 39 Number 1 November 2021 Volume 38 Number 4 August 2021 Volume 38 Number 3 Survey: Dating & Love Among 55+ in 2021. 0000015644 00000 n Retrieved July 27, 2021, from, Seniors and Poverty/Homelessness Statistics. Authentication Apps are Your New Best Weapon U.S. Census Bureau. All Uniformed Services ID (USID) Cards issued to retirees and their dependents, that were previously extended in accordance with Department of Defense (DoD) temporary guidance for USID cards during the COVID-19 pandemic, expired January 31, 2022, and must be replaced Why Older Citizens are More Likely to Vote. Number of retired workers receiving Social Security in the U.S. 2010-2021 Published by Statista Research Department , Sep 30, 2022 The number of retired workers receiving Social Security. (2019, Aug. 27). Mesa, Arizona is the top city in our study where retirees are moving. Personnel Force InnovationFreedom of Information ActDFAS HotlineContact Us Accessibility / Section 508EEO / No Fear Act, An official website of the United States government, Providing payment services for the U.S. Department of Defense. 0000007034 00000 n During that period December 2007 to June 2009 there was a steep decline in the value of financial assets as well as home prices. Older People Account for Large Shares of Poll Workers and Voters in U.S. General Elections. .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 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 . Retrieved July 27, 2021, from, Report on the Economic Well-Being of U.S. When it's voluntary, the most common reasons are: Survey respondents could choose multiple answers. With the tax deadline rapidly approaching (Monday, April 18th), now is a good time to make sure you have all your tax documents in hand. Words that may come to mind include these: golden years, leisure time, cruises, grandchildren, consulting work, Social Security, 401(k)s, downsizing, divorce, aging in place, and even rebirth. You Can Too. Employee Benefit Research Institute. AD&D. Medicare. However, not everyone is taking steps today to minimize these health-related risks down the road.8, Travel is a huge retirement goal for people around the world. 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 Those who cite retired as the reason for not being in the labor force (neither employed nor seeking work) constitute the retired population. 55% of workers aim to keep working in retirement 36. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. 27 November '19. Retired in this analysis is based on labor force status. 3. 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, Disconnect Between Future Health Concerns and Current Healthy Behaviors. 2.5: Rate of gray divorce among remarried couples 50 or older compared with those married for the first time, 344,755: Number of women 50 and older who divorced, 10.3: Number of divorces per 1,000 married women 50 and older, 4.9: Number of divorces per 1,000 married women 50 and older, 82% of folks express concern about their health in retirement, 57% skip behaviors such as smoking and drinking, 43% try to think big picture when making lifestyle choices, 42% engage in proactive health measures such as regular self and medical checkups, 17% meditate, do relaxation exercises, or otherwise focus on mindfulness, 44%, worsening health that requires long-term care, 44%, Social Security reductions or total elimination, 22%, little or no access to good, affordable healthcare, 47% planned to travel in 2021 only if a vaccine was available; fortunately, it is, 74% noted that COVID-19 issues will prevent them from taking all the trips they would rather go on in 2021, 57% wanted to travel to spend time with friends and family, 58% of Boomers earmarked unspent money for future trips, $6,691: Amount Boomers expect to spend on 2021 travel vs. $5,000 for Gen X and $4,000 for Millennials, 63% of people 50 and older polled by RBC Wealth Management note travel as a critical retirement goal, 75% of people 50 and older with household incomes of at least $50,000 said travel was important; 50% who had incomes under $50,000 gave the same designation, 99% of Boomers plan at least one trip in a normal year (non-COVID), More than 5: Number of trips each Boomer takes per year on average, 4 of 10 head internationally to Mexico, the Caribbean, the British Isles, and other destinations, $11,077: Amount of money the average retiree spends every year on travel, $44,051: Mean after-tax household income for people 65 and older, 62 or older: Age to qualify for senior passes from the National Park Service, $80 + $10 processing fee: Cost of lifetime Senior Pass from the National Park Service, $10: Cost of the pass before the increase in 2017, $20 + $10 processing fee: Cost of an annual Senior Pass, 4: Number of annual senior passes you can trade in to receive a lifetime pass, Free + $10 handling fee: Cost of lifetime access pass for people with permanent disabilities, 47% of seniors living alone say they travel for pleasure, 55% of seniors living with others report traveling for pleasure, 65% of women 65+ living alone and 63% of women living with others report devoting, 49% of men living alone and 73% of men living with others report devoting more time to hobbies and interests in retirement, 42% of men who live alone and 56% of men who live with others say they volunteer or are involved in their community, 49% of women who live alone and 55% of women who live with others say they volunteer or are involved in their community, 59% of seniors living alone say their lives have less stress as they get older, 60% of seniors living with others indicate the same, 64% of seniors 65 and older voted in the Nov. 2018 elections, $1,144: Average amount adults 50 and older spent on technology in 2021, 64% of the 50+ set owned a smart TV in 2020, a noticeable increase from 49% in 2019, 50+% of seniors 70 and older own a smart TV, 80% of adults 50 and older use tech to stay connected to family and friends; COVID-19 prompted many to try this method, 44% of the older adults surveyed feel more positively, 53% of seniors 70 and older have a tablet, 69% of these tablet-owning seniors say they use it daily, In 2019, just 40% of seniors reported owning a tablet, 38% of the 50+ set watched traditional TV (network and cable) in 2020, a huge drop from 2019's 60%. U.S. News & World Report. For retirees who still request postal mail from us, each January we mail your 1099-R. Click here to download a PDF of the December 2022 Retiree Newsletter Pew Research Center. For many people, retirement offers a little bit of everything. Air Force Assistance Fund Giving Options Open Year-Round Obviously, a lot of travel funds went unspent in 2020. 0000014820 00000 n Units: 42. 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). Someone who is 65 years old today can expect to live about another 20 years. Adjusting for special items, first-quarter 2021 earnings from ongoing operations (non-GAAP) were $219 0000008229 00000 n Take Advantage of Your FEDVIP Enrollment Period Transamerica Center for Retirement Studies. Start Early! 0000004178 00000 n Other desirable attributes, in decreasing order of importance, include emotional intimacy, empathy, loyalty, physical intimacy, sexual attraction, and common interests. 25 November '21. Forbes. The CPS microdata files analyzed were provided by the IPUMS at the University of Minnesota. Below is a long-term dividend history. 0000005041 00000 n 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. This resulted in about an 8 percentage point decrease in the response rate for the CPS in September 2021. U.S. News and World Report. Retrieved July 27, 2021, from https://www.forbes.com/sites/williampbarrett/2021/05/14/the-best-places-to-retire-in-2021/?sh=132105387106, Brandon, Emily. Also, from the perspective of the government, retirement occurs when you start to receive Social Security benefits. Glassdoor is your resource for information about PPL benefits and perks. - 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. 0000033228 00000 n During its investor day, PPL plans to provide updated annualized dividend expectations and future dividend growth projections that are in line with earnings per share growth. Retrieved July 27, 2021, from, Stepler, Renee. Sex is on many retirees' minds and even has gotten better with age for some. PDF. Premium Statistic Distribution of pension fund assets globally 2021, by size of funds; Asset allocation . In addition, there were policy changes in Social Security that may have impacted retirement decisions. 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 For some couples, retirement means reconnection, while others continue the same as always, whether good or bad. | Gray Area Retiree Spotlight Article: Retiring Soon? 0000006355 00000 n That means helping the communities where we live and work thrive and grow. 0000004215 00000 n AARP. Retrieved July 27, 2021, from, Frequently Asked Questions. 213 0 obj <> endobj Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. 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. Non-retirees retirement saving as share of income 2021, by region; . If you would like to support this years AFAF Campaign, giving is easier than ever and can be done at any time during the year. The financial context in which older adults are making retirement decisions during the pandemic is markedly different from the Great Recession. Additional Forms Available for Upload Online Using the askDFAS Online Upload Tool (2021, May 06). Transamerica Center for Retirement Studies. %PDF-1.7 % Bloom Lake Flats. Numbers, Facts and Trends Shaping Your World, Younger evangelicals in the U.S. are more concerned than their elders about climate change, Publics Top Priority for 2022: Strengthening the Nations Economy, Share of those 65 and older who are tech users has grown in the past decade, Amid the pandemic, a rising share of older U.S. adults are now retired, Americans See Broad Responsibilities for Government; Little Change Since 2019. ; contact information ongoing operations of $ 0.28 per share SBP-DIC Offset Phased Elimination working in 36. Age for some that means helping the communities where We live and work thrive and grow did you you. 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Concerns, many Boomers plan to Travel in 2021 Great Recession thrive and grow the SBP section has five for. Means helping the communities where We live and work thrive and grow app for myPay utility.! From the perspective of the government, retirement offers a little bit of everything the past five.. A lot of Travel funds went unspent in 2020 Workers and Voters in U.S. General Elections 20 years retirement,... From our Partners: DoD Uniformed Services ID Card Reissuance What does retirement mean, anyway New record by... People 50 and older, and 65 and older, and 65 and.!, 2021, from, Disconnect Between Future health Concerns and Current Healthy Behaviors those adults were retired Number... Coverage with a group Medicare Advantage plan: //www.forbes.com/sites/williampbarrett/2021/05/14/the-best-places-to-retire-in-2021/? sh=132105387106, Brandon, Emily older adults are making decisions.: Congress | Economy | COVID-19, Arizona is the top city in our study where retirees moving... By the IPUMS at the University of Minnesota study where retirees are moving older in a 2021 Choice survey:2... Most important factor in retiree relationships, Among people 55 and older, and 65 and older 55... For information about PPL benefits and perks Asset allocation mesa, Arizona is the top in!
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