See the latest PPL Corp stock price (NYSE:PPL), related news, valuation, dividends and more to help you make your investing decisions. 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. Giving Back through the CFC in Many Ways Click here to download a PDF of the June 2022 Retiree Newsletter Retrieved July 27, 2021, from, Miller, Mark. | Retrieved July 27, 2021, from https://money.usnews.com/money/retirement/slideshows/the-best-places-to-retire?slide=17, Ostrowski, Jeff. (2021, July 13). 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 . 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).. 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. 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 https://www.bankrate.com/retirement/best-and-worst-states-for-retirement/, Assisted Living: A Growing Aspect of Long Term Care. The CFC and charities in this campaign are so appreciative of the generosity of retirees. On February 1, 2023, surviving spouses will receive their full SBP payment from DFAS and their full DIC payment from the VA. During the Great Recession and its aftermath, retirement rates declined. DHE 82-0270-2 a depoului Suceava Nord trece prin Putna cu Trenul Regio 5628 Putna-Suceava 14.06.2021 Divorce later in life has become so common it has a term: gray divorce. Bill and Melinda Gates, and Al and Tipper Gore are two well-known couples who bade sayonara to spouses they married years ago. 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. 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 Dan Clark. Comments. PPL produces a range of reports and statements pertaining to its business, including Annual Reviews, Financial Statements, and Annual Transparency Reports. startxref 665 . | | 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 (2020, March 05). Of the said amount, P1.38 billion were approved for30,772 retiree-pensioners who filed their applications through SSS branches, while the remaining P96.62 million were approved for 2,235 retiree . Stats on military retirees. U.S. Census Bureau. Employees can sign up for: FSA Healthcare: $2650 max/year. 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. In addition, there were policy changes in Social Security that may have impacted retirement decisions. Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. If a married couple wants to have a 90 percent certainty they can cover their out-of-pocket health expenses in retirement, they'll need $259,000 in savings, according the Merrill Lynch/Age Wave. Notification of State Fiscal Years 2015-16 through 2019-20 Cost Settlement Requirements for the Local Educational Agency Medi-Cal Billing Option Program. 0000009412 00000 n Download your guide today! Give your local county office your updated contact information so you can stay enrolled. Benefits information above is provided anonymously by current and former PPL employees, and may include a summary provided by the employer. 0000013101 00000 n For some retirees, two decades is too long of a time to spend in an empty or bad marriage. The 50 Jobs Where People Work the Longest. Mesa, Arizona is the top city in our study where retirees are moving. Social Security Administration. Trust is #1 most important factor in retiree relationships, Among people 55 and older in a 2021 Choice Mutual survey:2. 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. Welcome to the December 2022 Retiree Newsletter! the past two years? (Updated 2021, June 29). AD&D. Medicare. Now, they're involved in more than 25% of divorces. 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. The SBP section has five lines for members who participate in SBP. (2016). <]/Prev 968663>> Vision. Annual Performer Review 2019-20. The company used to have a banquet once a year to honor the employees who retired in the last year; now, they. Retrieved July 27, 2021, from https://www.ahcancal.org/Advocacy/IssueBriefs/NCAL_Factsheet_2019.pdf, Facts & Figures. The retirement rate increased for older adults living in metropolitan areas (2 points) andalso increased for older adults in rural areas (1 point). Retiring uniformed service members are considered newly eligible for FEDVIP. 28 October '20. 0000037954 00000 n New from DFAS: Helpful Customer Information Guides for Retirees and Annuitants Now, thanks to e-Giving options, donors can give contributions year-round. Make sure you have everything set up so you can get your tax documents for filing. Annual Performer Review 2020-2021. 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.. 10 Great Cities for Older Singles. The CPS microdata files analyzed were provided by the IPUMS at the University of Minnesota. Click here to download a PDF of the December 2022 Retiree Newsletter The financial context in which older adults are making retirement decisions during the pandemic is markedly different from the Great Recession. Click here to download a PDF of the December 2022 Retiree Newsletter Retrieved July 27, 2021, from, Report on the Economic Well-Being of U.S. Identifying the Status of Spouse/Former Spouse SBP Coverage on your Retiree Account Statement (RAS) 0000004215 00000 n 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. 0000020697 00000 n Further, SeniorLiving.org shall not be liable for any informational error or for any action taken in reliance on information contained herein. 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? hTyLgBYRE@9X+ F41,+ 1A(@Y; MnKlo/)=7{~ 9 t`? 0000004548 00000 n .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 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. They are bathroom accessibility and single-floor living. Welcome to the June 2022 Retiree Newsletter! Retired in this analysis is based on labor force status. 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. 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. It is unclear whether the pandemic-induced increase in retirement among older adults will be temporary or longer lasting. myPay: How to Reactivate Your Account or Get Started New Phone Number: Changes as of June 1st News from Our Partners: DoD Uniformed Services ID Card Reissuance Browse Medicare Advantage HMO and PPO options. (2021, March 02). The stock market did have a sharp sell-off in March 2020 but reached new record highs by August 2020. 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 Tax Season Deadline Approaching: How to get a Duplicate Copy of Your 1099R Tax Statement In regard to specific age groups, in the third quarter of 2021 66.9% of 65- to 74-year-olds were retired, compared with 64.0% in the same quarter of 2019. PDF. SeniorLiving.org. 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. Our new customer guides explain how to use many of our time-saving tools, including Form Wizards, Online Upload Tools, Status Notifications, and our website. Current issues are listed below: Newsletter for Retired Members and Beneficiaries However, you can become a full AARP member at age 50. Retrieved July 27, 2021, from, Important Criteria in Retirees Choice of Where to Live in Retirement Infographic. Those who cite retired as the reason for not being in the labor force (neither employed nor seeking work) constitute the retired population. - Achieves earnings from ongoing operations of $0.28 per share. Welcome to the March 2022 Retiree Newsletter! Image Guidelines. PPL 21-041 December 8, 2021 Pew Research Center does not take policy positions. Coverage for a former spouse does not continue after the divorce unless certain actions are taken. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. (+1) 202-419-4372 | Media Inquiries. Please check our special webpage for news and information. Retrieved July 27, 2021, from, Freed, Stacey. Your Retiree Account Statement (RAS) Shows Your Current SBP Coverage Retrieved July 27, 2021, from, Frequently Asked Questions. 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%. 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