Gradually declining retirement reflected in part rising education levels among older Americans as well as gains in their health. Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. To be held at the Pharma Packaging and Labelling (PPL) Conclave 2022, the PPL Leadership Awards will honour innovation and excellence in the field of packaging. 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? Survey: Dating & Love Among 55+ in 2021. Welcome to the September 2022 Retiree Newsletter! ^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 Give your local county office your updated contact information so you can stay enrolled. Retrieved July 27, 2021, from, Freed, Stacey. 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. Social Security Administration. Comments. (2020, Nov. 23). Someone who is 65 years old today can expect to live about another 20 years. Why it matters: Wives outlive their husbands by about six years, as mentioned earlier. Why Older Citizens are More Likely to Vote. dimensions At the age of 19, while serving in the Vietnam War, he Thursday, April 29, 2021. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. H\n0D the past two years? 62 years old: The earliest someone can begin receiving Social Security retirement benefits (although not full benefits), 65 years old: Age when seniors should apply for Medicare benefits even if they delay receiving Social Security, 66 years old: Full retirement age for people born from 1943 to 1954, 66 and 2 months: Full retirement age for people born in 1955, 66 and 4 months: Full retirement age for people born in 1956, 66 and 6 months: Full retirement age for people born in 1957, 66 and 8 months: Full retirement age for people born in 1958, 66 and 10 months: Full retirement age for people born in 1959, 67: Full retirement age for people born in 1960 and later, Start Social Security at full retirement age: 100% retirement benefits, Delay until you're 67: 104% benefits due to the six-month interval, Delay until you're 70: 128% benefits due to the 42-month delay, $3,148: Maximum benefit if you get to full retirement age in 2021, $2,324: Maximum benefit if youre 62 in 2021 and start taking Social Security, $3,895: Maximum benefit if youre 70 in 2021 and delayed collecting benefits until then. In the third quarter of 2019, before the onset of the pandemic, 48.1% of those adults were retired. The Best Places to Retire in 2021. , 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. U.S. Census Bureau. Glassdoor is your resource for information about PPL benefits and perks. Labor force participation for the entire working age population declined from an annual average of 67% in 2000 to 63% in 2019. Gray Area Retirees: This is an article of interest to you. The 50 Jobs Where People Work the Longest. Browse Citizens Voice obituaries, conduct other obituary searches, offer condolences/tributes, send flowers or create an online memorial. (2016). Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14). Image Guidelines. Among those who found love, 18% had success via mutual friends' introductions, 13% found their significant other through dating apps, 12% met their partner through community events, parties, and other local activities, 9% met their partner through casual or everyday activities, 8% did so in church or religious settings, 7% apiece met future significant others in a senior retirement community; through work; or on social media, 66% of seniors who used dating apps/websites ended up in a relationship with someone they met there, Hinge, Plenty of Fish, Bumble, and eHarmony also proved successful for many seniors, 54% of survey respondents had not been on a date in the past five years, 10% had not been in a relationship lasting more than a year, 14% of widows seriously dated in the past five years, Washington, D.C., 881.8 infections per 100,000, North Dakota, 14.9 infections per 100,000. 60%: Amount the husbands survivors benefit goes up if he waits to claim Social Security until age 70. In 2019, about 3,800 seniors moved to Mesa from a different state. (2021, Feb. 26). Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. Retrieved July 27, 2021, from, Frequently Asked Questions. %PDF-1.7 % They are bathroom accessibility and single-floor living. Amazon. Also, from the perspective of the government, retirement occurs when you start to receive Social Security benefits. Mesa, Arizona is the top city in our study where retirees are moving. These folks tend to feel more confident asking for what they want and don't worry about pregnancy scares. 0000047915 00000 n (2019). (2017). (2021, March 09). | The Energy Grid A Century of Caring We are driven to not just power appliances but power life. The reasons for retiring can be voluntary or involuntary. Retrieved July 27, 2021, from https://www.ahcancal.org/Advocacy/IssueBriefs/NCAL_Factsheet_2019.pdf, Facts & Figures. Federal Reserve. Retrieved July 27, 2021, from, Self-Employment Requires Retirement Self-Reliance. The COVID-19 outbreak has affected data collection efforts by the U.S. government in its surveys, especially limiting in-person data collection. 0000014820 00000 n Learn about PPL , including insurance benefits, retirement benefits, and vacation policy. (2016, Feb. 18). 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. Retrieved July 27, 2021, from, Disconnect Between Future Health Concerns and Current Healthy Behaviors. 1. Statista. 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. Get caregiver alerts and 24/7 Urgent Response through your Amazon Echo! 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. and people to engage employees and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. |_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. U.S. News & World Report. Retrieved July 27, 2021, from, Kakulla, Brittne. Retrieved July 27, 2021, from, Stepler, Renee. Mesa, AZ. When it's voluntary, the most common reasons are: Survey respondents could choose multiple answers. 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. In total, 26 percent of these goals relate to business or paid work. (+1) 202-419-4372 | Media Inquiries. 10 Great Cities for Older Singles. hTyLgBYRE@9X+ F41,+ 1A(@Y; MnKlo/)=7{~ 9 t`? 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. PDF. Retiree Form Wizard Now Available For Use: DD Form 2894 - Designation of Beneficiary Bi-level and tri-level rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles. Local Educational Agency Medi-Cal Billing Option Program policy related to annual or triennial individual education plans (IEP)and individual family service plans, Local Educational Agency (LEA) Medi-Cal Billing Option Program Direct Medical Services Provided to Medi-Cal Enrolled Students by LEA-Contracted Health Service Practitioners. 2023 Cost of Living Adjustment (COLA) New Phone Number: Changes as of June 1st Editor-Kevin Amerman, corporate communications specialist (610) 774-6841 | kmamerman@pplweb.com Providing insight, perspective and analysis of PPL news, strategies and people to engage employees .