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. (2019). 248 talking about this. 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. In partnership with Clare Housing, construction expected to begin 2021. Retrieved July 27, 2021, from, Changes to the Senior Pass. |l+ (2021, March 01). In the 10 years from FYE 2010 to FYE 2020, pensioners had similar average incomes with 321 and 333 respectively. 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. 0000013101 00000 n PPL 21-041 December 8, 2021 Recently Retired from Service? Meanwhile, roughly 1,800 seniors left the city . NBC News. | | 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. Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. (2019, Aug. 27). Special items for 2021 were $2.98 per share, primarily due to discontinued operations associated with the . January 1, 2022 marked the start of the second phase of the SBP-DIC Offset Phased Elimination. endstream endobj 225 0 obj <> endobj 226 0 obj <> endobj 227 0 obj <>stream 28% of homes with residents 65 or older give seniors trouble with stairs. (2016). The company used to have a banquet once a year to honor the employees who retired in the last year; now, they. 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 . Make sure you have everything set up so you can get your tax documents for filing. What the data says about gun deaths in the U.S. What the data says about abortion in the U.S. Are you in the American middle class? Your Retired Pay Account Needs a Regular Checkup 0000006355 00000 n (n.d.). Click here to download a PDF of the December 2022 Retiree Newsletter 0000009412 00000 n (2016, Feb. 18). 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. 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. Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. Image Guidelines. Retrieved July 27, 2021, from https://www.ahcancal.org/Advocacy/IssueBriefs/NCAL_Factsheet_2019.pdf, Facts & Figures. 0000004548 00000 n Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14). The stock market did have a sharp sell-off in March 2020 but reached new record highs by August 2020. 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 . Men also tend to have higher benefit amounts. Health Care Facilitators. Welcome to the June 2022 Retiree Newsletter! Retrieved July 27, 2021, from, Stats for Stories: National Senior Citizens Day. New Dimensions New Dimensions is published by University of California Human Resources to provide news and information to UC retirees. Retrieved July 27, 2021, from, Self-Employment Requires Retirement Self-Reliance. Click here to download a PDF of the June 2022 Retiree Newsletter 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. PDF. Among older adults who have a high school diploma or less the rate increased 1 point. The CPS is based on a sample survey of about 70,000 households. (2021, Jan. 19). 0000045867 00000 n Non-retirees retirement saving as share of income 2021, by region; . (n.d.). It is very important that a beneficiary or beneficiaries are designated in your retired pay account for your Arrears of Pay, and that the information provided remains up to date, %%EOF Please check our special webpage for news and information. Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. Units: 42. WebMD. Direct Deposit Information for SBP ChildAnnuitants Turning 18 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.. |_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. Retrieved July 27, 2021, from, Barthel, Michael, and Stocking, Galen. The 9-month requirement does not apply if your death is accidental, or if there is a child born of the marriage. 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 Tagalog Notification of State Fiscal Years 2015-16 through 2019-20 Cost Settlement Requirements for the Local Educational Agency Medi-Cal Billing Option Program. 0000011848 00000 n 0000002466 00000 n Here's the list of aspirations for retirement:10. 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. 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 | 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. Transamerica Center for Retirement Studies. Sex Still Matters to Many Seniors, Survey Finds. (Updated 2021, June 28). Old Housing, New Needs: Are U.S. Homes Ready for an Aging Population? U.S. News & World Report. Bi-level and tri-level rail cars are designed to transport pick-up trucks, minivans and sports utility vehicles. Elimination of Multiple RAS Mailings to Reduce Confusion and Costs Gray Area Retirees: Get Connected and Get Informed The financial context in which older adults are making retirement decisions during the pandemic is markedly different from the Great Recession. Pakistan Petroleum Limited (PPL) operates 12 producing fields in Sui, Kandhkot, Adhi, Mazarani, Chachar, Adam, Adam West, Shahdadpur, Shahdadpur West. (2021, July 13). 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 . As a PPL retiree, I see that the company has now cut all ties with its retirees. Sex is on many retirees' minds and even has gotten better with age for some. 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 . 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. 0000047915 00000 n (+1) 202-419-4300 | Main Who Should I Contact: DFAS, the VA or the Military? Retrieved July 27, 2021, from, How to Plan for Rising Health Care Costs. 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 We are working to prepare the forms, policies, and processes. 3020 16th Avenue S. Minneapolis, MN 55404. 0000015189 00000 n 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 2021 Tech Trends and the 50-Plus. The next few stats also show up in a report we did on senior poverty and homelessness. Mesa, Arizona is the top city in our study where retirees are moving. 0 8 The Villages. AARP. 0000015644 00000 n News from OurPartners: Change in Temporary Guidance for USID Cards 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. The National Defense Authorization Act (NDAA) for Fiscal Year 2020 directed that as of January 1, 2023, the "Optional Annuity for Dependent Children" will be eliminated and the SBP monthly annuity payment must revert to the surviving spouse (if the surviving spouse submits documentation confirming eligibility). 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. Retrieved July 27, 2021, from, Stepler, Renee. PPL Retirement Plan 28 employees reported this benefit 5.0 4 Ratings Available to US-based employees Change location Employee Comments Showing 1-4 of 4 Mar 10, 2022 5.0 Current Computer Programmer in Allentown, PA, Pennsylvania Great Benefits are given from ppl to their employees Helpful Report Dec 18, 2016 5.0 3.9 154,871 Reviews. SeniorLiving.org. (2021, March 02). Report outages or power problems 24x7 at. New from DFAS: Helpful Customer Information Guides for Retirees and Annuitants Bankrate. The Best Places to Retire in 2021. --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 . (2021, Feb.). However, you can become a full AARP member at age 50. Some folks experience serious ups and downs but stay together. 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. Amazon. 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. AARP. 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). 0000005680 00000 n U.S. Census Bureau. News from Our Partners: Air Force Assistance Fund Campaign - 50 Years of Caring More than 50% of older divorces occur among folks married more than 20 years. xref Some married retirees divorce, while others travel the world with their spouses. 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. Are you enrolled in Medi-Cal? Welcome to the September 2022 Retiree Newsletter! 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. Read our research on: Congress | Economy | COVID-19. Retrieved July 27, 2021, from, Freed, Stacey. Browse Medicare Advantage HMO and PPO options. In July 2020, DoD began the transition from the paper-based Uniformed Services Identification (USID) card to a more secure, Next Generation USID card. Retrieved July 27, 2021, from, Brandon, Emily. SeniorLiving.org. Each rail car has a maximum load capacity of 10 to 15 vehicles. Figure 11.5: Among Large Firms Offering Health. Travel emerged as number one. 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 . News from Our Partners: Sutton Extends His Commitment to Public Service after Retiring. and people to engage employees and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21. 25 November '21. States with the highest gray divorce rates per 1,000 women:6, States with the lowest gray divorce rates per 1,000 women:6, Almost 10%: Percentage by which a previous divorce increases retirement financial risk for women who are currently married. Transamerica Center for Retirement Studies. 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. ALLENTOWN, Pa., May 6, 2021 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (5/6) announced a first-quarter 2021 reported net loss (GAAP) of $1.84 billion, or $2.39 per share, compared with first-quarter 2020 reported earnings of $554 million, or $0.72 per share. Take Advantage of Your FEDVIP Enrollment Period Retrieved July 27, 2021, from, Martin, Anthony. startxref Find out with our income calculator, Indias Sex Ratio at Birth Begins To Normalize. A defined contribution . 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). (n.d.). Additional Forms Available for Upload Online Using the askDFAS Online Upload Tool Form Wizard Roundup Stats on military retirees. The recovery began in April 2020, and labor markets have tightened. The retirement rate of older Black adults did not significantly increase. Our fourth quarter results bring our total 2021 results to a net loss of $ 1.93 share. Does not apply if your death is accidental, or if there is a child born of SBP-DIC. After Retiring is on Many retirees ' minds and even has gotten better with for... Who have a sharp sell-off in March 2020 but reached new record highs by August.... 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