0000003003 00000 n Directors Message Retrieved July 27, 2021, from, Barthel, Michael, and Stocking, Galen. Bloom Lake Flats. Adjusting for special items, first-quarter 2021 earnings from ongoing operations (non-GAAP) were $219 Transamerica surveyed thousands of working and retired folks in 15 countries to identify top goals. 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. --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 . Why Older Citizens are More Likely to Vote. If possible, don't include expected Social Security income when planning how to get that 80 percent. Just one generation ago, people 50 and older accounted for less than 10% of divorces. What prompts people to start saving for retirement?28, Age people started saving for retirement29, Self-employed conscious of need to save for retirement30, Retirement savings not on track for many25, How much money the different age groups have saved for retirement31. 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. The CPS is based on a sample survey of about 70,000 households. That means helping the communities where we live and work thrive and grow. 0000037954 00000 n |l+ 3. AARP. 0000043123 00000 n Boomers were more likely than their younger counterparts to save the cash for future trips.11, America the Beautiful National Parks & Federal Recreational Lands Passes, Travel for pleasure is slightly more common among retirees who live with others, Higher percentage of women than men spend time on hobbies, Many retirees do volunteer or community work, Retirees eager to help in elections; most poll workers are 61 or older, Retirees more likely than younger people to vote, AmeriCorps Seniors offers retiree volunteer opportunities, Among people 65+, here's the percentage who use the various social media platforms:20. The CPS is the nations premier labor force survey and is the basis for the monthly national unemployment rate released on the first Friday of each month. That way, you have Social Security cash as a fallback if you're short of money.23, Significant healthcare expenses are likely. | 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. 28% of homes with residents 65 or older give seniors trouble with stairs. WebMD. You may have noticed that this stats compilation includes figures on people 50 and older, 55 and older, and 65 and older. 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. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. Of course, a decent chunk of retirees split up. (2021, Feb. 26). 0000018047 00000 n (2021, May). Retrieved July 27, 2021, from, Disconnect Between Future Health Concerns and Current Healthy Behaviors. Women also tend to have a trickier road to navigate since they often work and serve as their children's primary caregivers.7, 6 years: Average length of time by which a wife outlives her husband7, Most folks worry at least a little about what their health will be like in retirement. 0000005786 00000 n About two-thirds of people 50 and older (versus less than half of younger adults) see divorce as the best solution when couples cannot resolve marriage issues. (2019). 55% of workers aim to keep working in retirement 36. Gray Divorce Rate in the U.S.: Geographic Variation, 2017. 2018 by PPL CORPORATION CONTENT Cover story 3 Delivering today for a brighter tomorrow PPL's sustainability commitments From one perspective, people enter retirement when they leave the workforce and rely on savings and investments. Who Should I Contact: DFAS, the VA or the Military? 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. dimensions. You Can Too. This is the first Form Wizard available for use by retirees. 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. Frequently Asked Questions (FAQs) Related to Public Health Emergency (PHE) and COVID-19 Activities. 1615 L St. NW, Suite 800Washington, DC 20036USA It seeks to recognise the contributions and achievements of packaging and labelling heads of reputed pharma institutions and organisations in furthering progress in the pharma industry . 28,900: Number of assisted living communities in the U.S. $48,000: Average yearly cost of assisted living. Local Educational Agency Medi-Cal Billing Option Program (LEA BOP) Interpretation of "Complete 15-Minute Period" Following an Initial Service Increment. - Shows in feed: 470 174 pixels. Non-retirees retirement saving as share of income 2021, by region; . 10 Great Cities for Older Singles. 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. Ppl retirees dimensions magazine 2021. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. DFAS continues to roll out the use of status notifications to keep you in the loop as forms or documents you submit move through the retired pay or annuitant pay processing cycles. Retirees can also access good quality healthcare and diverse amenities. Retrieved July 27, 2021, from, Retirement Readiness Index Score in the United States from 2012 to 2020. 0000011848 00000 n Trust is #1 most important factor in retiree relationships, Among people 55 and older in a 2021 Choice Mutual survey:2. (2021, March 02). The next few stats also show up in a report we did on senior poverty and homelessness. Retrieved July 27, 2021, from, Number of Retired Workers Receiving Social Security in the United States from 2010 to 2020. 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 recovery began in April 2020, and labor markets have tightened. (2021, Jan. 19). PPL produces a range of reports and statements pertaining to its business, including Annual Reviews, Financial Statements, and Annual Transparency Reports. 0000013101 00000 n A defined contribution . Some married retirees divorce, while others travel the world with their spouses. News from Our Partners: Recently Retired from Service? 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 The 2023 Survivor Benefit Plan (SBP) Elimination of the Optional Annuity for Dependent Children and Reversion of SBP Annuity to Surviving Spouses 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 3020 16th Avenue S. Minneapolis, MN 55404. The recent retirement spike has not been uniform across demographic groups. Statista. Image Guidelines. As one of the best places to retire in Florida, The Palm Beaches is featured on our 2022 list of the best places to retire in the country. Dental. (+1) 202-857-8562 | Fax Gradually declining retirement reflected in part rising education levels among older Americans as well as gains in their health. If you miss these deadlines, you will forfeit your right for retiree group life insurance. Morningstar. endstream endobj 225 0 obj <> endobj 226 0 obj <> endobj 227 0 obj <>stream 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). More than 1/3 dated in the past five years. Retirement among those 55 and older who have completed at least a bachelors degree rose 3 percentage points over this period. Dating apps help retirees find romantic partners, Among seniors 55+ in the 2021 Choice Mutual survey:2, NYC scores AARP's #1 recommendation for retirees looking to date, The Big Apple ranks so highly because it offers a wide pool of retirees and plenty of opportunities to meet and mingle. For a deeper look, give the report a read. 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. 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. ^j=l\])2u+^) NhPn5`J;2R4y)A 1r:2>gX5IQOjgdqe\t?z9j/m1~[Ym1Uo[ya-mtwO`a:B8*=UW+=fMG;Td=L906HiJ,k:EoJpKTU8WTUKG8^]y5Xd[L$Obtlu[eNtM[yqL_67DSNr Y#Y*8Hvwc"GM*-g -l)Q:\:Z#-)&nbyic4UEu4Q,g=?aEf!J%%sGN](u*xr% %]_NQ7w+8e!ivjy YD=[x6Ju]IDwH5x%%^@4H *)0 +D vL#^)6y,cP\@#^*ba]m)H7R[sx`iFHpZ -"r h!ba Ii&4Gj4D%%- 9Ek Q/[FcDDB=$:L{HKN7 o:\%8-=Kv^\`8HZd0F^/}/8j>.*?Tq\0]$!K The retirement rate of older Black adults did not significantly increase. (2020, Oct. 13). 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. However, you can become a full AARP member at age 50. By the third quarter of 2010, 48% of adults ages 55 and older were retired, down from 50% in the same quarter of 2007. The Fiscal Year 2023 National Defense Authorization Act: Survivor Benefit Plan Open Season 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 | About Pew Research Center Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping the world. Some folks experience serious ups and downs but stay together. It is unclear whether the pandemic-induced increase in retirement among older adults will be temporary or longer lasting. Among older adults who have a high school diploma or less the rate increased 1 point. You have 31 days from the date your active employee coverage ends to convert coverage. The 2023 Changes to the SBP Optional Annuity for Dependent Children: What Surviving Spouses and Children Need to Know and Do Widows can collect more money by getting a survivors benefit instead of their own. Privacy Policy Why it matters: Wives outlive their husbands by about six years, as mentioned earlier. Click here to download a PDF of the December 2022 Retiree Newsletter Older People Account for Large Shares of Poll Workers and Voters in U.S. General Elections. The Best and Worst States for Retirement 2021. Vision. Adjusting for special items . National Center for Assisted Living. Get the New Tips & Tools for Retirees New to Retired Pay Learn about PPL , including insurance benefits, retirement benefits, and vacation policy. As its name implies, EQR is a residential REIT focused on apartment buildings in major cities around the country Washington, DC; New York; Denver; Seattle; southern California to name a few.. Someone who is 65 years old today can expect to live about another 20 years. Retrieved July 27, 2021, from, Wilson, Chris. Current issues are listed below: Newsletter for Retired Members and Beneficiaries 0000004215 00000 n (n.d.). Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14). Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. (2021, July 07). PPL offers reimbursement accounts through Sentinel Benefits to allow employees to pay for qualified parking, public transportation, healthcare and dependent care expenses on a tax-free basis. 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. | Careers They are bathroom accessibility and single-floor living. In partnership with Clare Housing, construction expected to begin 2021. (2019, Aug. 27). 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