The COVID-19 recession caused millions of Americans to leave the labor force, including many older workers. 213 0 obj <> endobj Ting Vit, About Us Ppl retirees dimensions magazine 2021. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. 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 Known for its white sand beaches, palatial estates, golf, and watersports, there's something for all retirees here. Tip: Changing Bank Accounts for Your Retired Pay? Have a good idea of the amount of money you'll need, what your retirement goals are, and your preferences for living situations (aging in place, retirement community, assisted living, etc.). What does retirement mean, anyway? Has your contact information changed in | Pew Research Center does not take policy positions. (2021, March 09). 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. Recently Retired from Service? From one perspective, people enter retirement when they leave the workforce and rely on savings and investments. Meanwhile, roughly 1,800 seniors left the city . Gray Divorce Rate in the U.S.: Geographic Variation, 2017. 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,. --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 . More than 1/3 dated in the past five years. (+1) 202-419-4372 | Media Inquiries. Statista. (2021, Feb.). It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Special items for 2021 were $2.98 per share, primarily due to discontinued operations associated with the . Retired in this analysis is based on labor force status. Retrieved July 27, 2021, from, Estes, Clay. Statista. PPL Scholarship Schemes 2021-2022 for Higher Professional Education To promote education in areas around its operational fields, Pakistan Petroleum Limited (PPL) announces special scholarship schemes for students of PPL producing districts in the country and presently enrolled in professional bachelor's/ master's level degree programmes in Engineering, Medicine, Information Technology . Retrieved July 27, 2021, from, Rapacon, Stacey. (2017). Highlighted Image: 1200 x 717 pixels. (n.d.). Stats on military retirees. Hmoob Retrieved July 27, 2021, from, 2021 RCS Fact Sheet #3: Preparing For Retirement in America. Identifying the Status of Spouse/Former Spouse SBP Coverage on your Retiree Account Statement (RAS) Increases in number of retirees getting Social Security, Stats on senior/retiree poverty and homelessness. 3. Welcome to the March 2022 Retiree Newsletter! Statista. Among older adults who have a high school diploma or less the rate increased 1 point. 0000015644 00000 n 3.9 154,871 Reviews. 0000016757 00000 n trailer 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. 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. Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. Units: 42. Retrieved July 27, 2021, from, Stats for Stories: National Senior Citizens Day. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. 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. Use this handy checklist to do a retired pay checkup. Annual Performer Review 2017-18. 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. 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. When it's voluntary, the most common reasons are: Survey respondents could choose multiple answers. Your RAS has information about SBP. (2021, July 13). News from Our Partners: Sutton Extends His Commitment to Public Service after Retiring. Obviously, a lot of travel funds went unspent in 2020. Some folks experience serious ups and downs but stay together. (2020, April 06). This partly reflects a steep drop in participation among 16- to 24-year-olds (66% to 56%) as young people increasingly pursued schooling rather than employment. (2016). Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. | AD&D. Medicare. 0000013101 00000 n 0000005786 00000 n National Center for Assisted Living. (2020, Aug. 21). 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. Retiring uniformed service members are considered newly eligible for FEDVIP. Download your guide today! The content, including without limitation any viewpoint or opinion in any profile, article or video, contained on this website is for informational purposes only. The Villages. Notification of State Fiscal Years 2015-16 through 2019-20 Cost Settlement Requirements for the Local Educational Agency Medi-Cal Billing Option Program. Retrieved July 27, 2021, from, Seniors and Poverty/Homelessness Statistics. Current issues are listed below: Newsletter for Retired Members and Beneficiaries 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. (+1) 202-857-8562 | Fax For retirees who still request postal mail from us, each January we mail your 1099-R. Men also tend to have higher benefit amounts. As part of our work to modernize Retired & Annuitant Pay and make the processes easier for you, we are building a suite of online tools that allow forms and required documentation to be uploaded through askDFAS on the DFAS.mil website 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. (2021, Feb. 26). 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. 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. A Federal Reserve survey shed light on where retirees get their income. Bloom Lake Flats. 0000007034 00000 n 0000004215 00000 n 0 Travel emerged as number one. Transamerica Center for Retirement Studies. By the third quarter of 2010, 48% of adults ages 55 and older were retired, down from 50% in the same quarter of 2007. 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 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. In total, 26 percent of these goals relate to business or paid work. Gray Area Retirees: Get Connected and Get Informed In contrast, household wealth has been rising since the onset of the pandemic. ppl dimensions. It is possible that some measures of retirement and labor market activity and its demographic composition are affected by these changes in data collection. The Best Places to Retire in 2021. 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). CRDP/CRSC Open Season - Frequently Asked Questions For the best web experience, please use Edge or Chrome, as we no longer support updates for Internet Explorer. 25 November '21. 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. 1615 L St. NW, Suite 800Washington, DC 20036USA 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. 0000045867 00000 n The retirement rate of older Black adults did not significantly increase. In FYE 2021, pensioners had an average income of 361 after housing costs . 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. Retrieved July 27, 2021, from, Report on the Economic Well-Being of U.S. PPL 21-041 December 8, 2021 Statista. 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. In the past two years, the ranks of retirees 55 and older have grown by 3.5 million. The estimates are not seasonally adjusted. Image Guidelines. 0000018047 00000 n 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 [email protected] or by calling 610-774-5022 (ETN 220-5022) or toll-free at 1-800-710-4985, Option #3. U.S. News & World Report. Federal Reserve. Welcome to the December 2022 Retiree Newsletter! The long-standing principle of Airmen taking care of our own has been made a reality by you over the years, and youre still leading todays Airmen and Guardians by example! Households in 2020. Retrieved July 27, 2021, from, Frequently Asked Questions. 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. Retrieved July 27, 2021, from, Changes to the Senior Pass. It is a subsidiary of The Pew Charitable Trusts. 0000003003 00000 n Welcome to the September 2022 Retiree Newsletter! The prior recessions did not disrupt the longer-running trend of rising labor force participation and declining retirement among older Americans that began around 1997. Who Should I Contact: DFAS, the VA or the Military? Figure 11.5: Among Large Firms Offering Health. PPL Corporation May 6, 2021 PPL Corporation Reports First-Quarter 2021 Earnings - Announces first-quarter reported net loss (GAAP) of $2.39 per share, reflecting a $2.65 per share net loss from discontinued operations associated with the U.K. utility business. 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 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. Form Wizard Roundup Under the law, SBP coverage for a spouse ends with a divorce. 247 0 obj <>stream Get the New Tips & Tools for Retirees New to Retired Pay 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 Statista. 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. 0000009412 00000 n 0000003625 00000 n Top 25 Part-Time Jobs for Retirees. 28% of homes with residents 65 or older give seniors trouble with stairs. 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 . 20+%: Amount by which a husband can boost his Social Security survivors benefit if he delays filing for benefits until he is 66 (compared with 62). 0000014820 00000 n (2019). | Old Housing, New Needs: Are U.S. Homes Ready for an Aging Population? 60%: Amount the husbands survivors benefit goes up if he waits to claim Social Security until age 70. Retirement among those 55 and older who have completed at least a bachelors degree rose 3 percentage points over this period. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. The SBP section has five lines for members who participate in SBP. Compare. The Institute of Electrical and Electronics Engineers (IEEE) has seated Marc-Andr De Looz, a senior engineer and project manager at the U.S. Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL), to a four-year term on its Fusion Technology Standing Committee. 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. Information about your retirement, health and other benefits, including carriers' contact information. Those who cite retired as the reason for not being in the labor force (neither employed nor seeking work) constitute the retired population. Are You Ready to Join the Fight? 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. The Palm Beaches, Florida. Well-being of older adults living alone. Now, thanks to e-Giving options, donors can give contributions year-round. Retrieved July 27, 2021, from, Stepler, Renee. 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. Suppose you were born in 1957 and have a full retirement age of 66 years, 6 months.46, After 70, you can keep delaying if you want, but it doesn't increase your monthly benefit amounts anymore.47. Coverage for a former spouse does not continue after the divorce unless certain actions are taken. New Dimensions New Dimensions is published by University of California Human Resources to provide news and information to UC retirees. The general counsel of Allentown, Pennsylvania-based PPL Corp. has announced her plans to retire from the utility company after 35 years of service in the legal department and five . [email protected] Many have turned to streaming services, including Netflix and Amazon Prime Video, 18% of adults 50+ lack internet access or have access only thanks to their cellphone or satellite company, 5% don't know if they could get internet at home, 60% of all adults 50+ say the cost of internet access is an issue, $300,000: Amount a retired couple can expect to spend on healthcare. Retrieved July 27, 2021, from, Traveling in Retirement Is a Dream, but High Costs Could Derail Plans. What Retirees Can Expect in the Year-End Mail from DFAS 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. 0000005041 00000 n What surviving spouses and child annuitants (or their parents/guardians) need to know and do to prepare for the 2023 changes to the SBP Optional Annuity for Dependent Children A defined contribution . 0000047915 00000 n Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14).
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