PPL 21-041 December 8, 2021 (2021). 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. As a PPL retiree, I see that the company has now cut all ties with its retirees. Those who cite retired as the reason for not being in the labor force (neither employed nor seeking work) constitute the retired population. Theres Still Time to Get a Head Start on Tax Season Mesa, AZ. 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 Commentsdimensions@pplweb.com dimensions. If you miss these deadlines, you will forfeit your right for retiree group life insurance. Newly published labor force projections from the Bureau of Labor Statistics suggest it will be temporary. Giving Back through the CFC in Many Ways (2021, March 02). Retrieved July 27, 2021, from, Barrett, William P. (2021, May 14). SeniorLiving.org. 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. DHE 82-0270-2 a depoului Suceava Nord trece prin Putna cu Trenul Regio 5628 Putna-Suceava 14.06.2021 | In the third quarter of 2019, before the onset of the pandemic, 48.1% of those adults were retired. Boston Premier Wealth. Retrieved July 27, 2021, from, Duffin, Erin. | Statista. 55% of workers aim to keep working in retirement 36. Retrieved July 27, 2021, from, Average Value of Retirement Savings in the United States in 2020, By Age. uB-PK0#G0A>|xg==J~W+](RGD>:%QG~D>:" ' @=8s@=xi9s Kh2 4yMaO4/Q` y Hmoob 247 0 obj <>stream 0000014347 00000 n |_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. Senior Discounts and Savings. (2021, July 07). Forbes. The COVID-19 recession caused millions of Americans to leave the labor force, including many older workers. (2020, May). Morningstar. (2020, April 06). On February 1, 2023, surviving spouses will receive their full SBP payment from DFAS and their full DIC payment from the VA. Local Education Agency Medi-Cal Billing Option Program (LEA BOP) notification of opportunities for COVID-19 testing in schools and the impact on local educational agency LEA BOP reimbursement. 28% of homes with residents 65 or older give seniors trouble with stairs. 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. January 1, 2022 marked the start of the second phase of the SBP-DIC Offset Phased Elimination. Among older adults who have a high school diploma or less the rate increased 1 point. For some couples, retirement means reconnection, while others continue the same as always, whether good or bad. 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 (2021, Feb. 26). What does retirement mean, anyway? Retirement among those 55 and older who have completed at least a bachelors degree rose 3 percentage points over this period. Statista. Retrieved July 27, 2021, from, Changes to the Senior Pass. Statista. Forbes. Statista. 0000045867 00000 n Retrieved July 27, 2021, from, Vespa, Jonathan, Engelberg, Jeremy, and He, Wan. Copyright 2023 SeniorLiving.org a Centerfield Media Company, Stats on Travel, Leisure, and Volunteer Activities, Retirement Prep Among Folks Who Are Not Retired, https://www.webmd.com/healthy-aging/news/20180503/sex-still-matters-to-many-seniors-survey-finds#1, https://www.aarp.org/home-family/friends-family/info-2021/best-cities-for-mature-daters.html, https://www.nbcnews.com/think/opinion/bill-melinda-gates-are-getting-divorced-so-are-increasing-numbers-ncna1266397, https://www.bgsu.edu/ncfmr/resources/data/family-profiles/allred-gray-divorce-rate-geo-var-2017-fp-19-20.html, https://www.morningstar.com/articles/943971/women-marriage-and-retirement-risk, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/retirement-health-concerns, https://transamericacenter.org/retirement-research/retiree-survey/retirees-greatest-fears, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/global-retirement-aspirations, https://www.aarp.org/research/topics/life/info-2021/2021-travel-trends.html, https://www.rbcwealthmanagement.com/us/en/research-insights/traveling-in-retirement-is-a-dream-but-high-costs-could-derail-plans/detail/, https://www.bostonpremierwealth.com/retirement, https://www.nps.gov/planyourvisit/senior-pass-changes.htm, https://www.pewresearch.org/social-trends/2016/02/18/3-well-being-of-older-adults-living-alone/, https://www.pewresearch.org/fact-tank/2020/04/06/older-people-account-for-large-shares-of-poll-workers-and-voters-in-u-s-general-elections/, https://americorps.gov/serve/americorps-seniors, https://www.aarp.org/content/dam/aarp/research/surveys_statistics/technology/2021/2021-tech-trends-older-adults.doi.10.26419-2Fres.00420.001.pdf, https://www.pewresearch.org/internet/2021/04/07/social-media-use-in-2021/, https://www.seniorliving.org/finance/senior-discounts/, https://www.seniorliving.org/retirement/money/, https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs, https://www.federalreserve.gov/publications/2021-economic-well-being-of-us-households-in-2020-retirement.htm, https://www.statista.com/statistics/194295/number-of-us-retired-workers-who-receive-social-security/, https://www.seniorliving.org/finance/senior-poverty-homelessness-statistics/, https://www.statista.com/statistics/559486/retirement-saving-triggers-in-the-usa/, https://transamericacenter.org/retirement-research/17th-annual-retirement-survey/17th-annual-infographics/age-started-saving-for-retirement, https://transamericacenter.org/retirement-research/global-retirement-survey/infographics/self-employed-retirement-savings, https://www.statista.com/statistics/1218439/value-retirement-savings-by-age-us/, https://www.statista.com/statistics/542709/accounts-used-for-retirement-savings-usa/, https://www.ebri.org/docs/default-source/rcs/2021-rcs/rcs_21-fs-3_prep.pdf?sfvrsn=73d83a2f_4, https://www.statista.com/statistics/502342/readiness-for-retirement-index-usa/, https://www.statista.com/statistics/217354/forecast-number-of-military-retirees-in-the-us/, https://www.aarp.org/work/job-search/info-2020/part-time-jobs-for-retirees.html, https://time.com/4726657/retirement-age-jobs/, https://transamericacenter.org/retirement-research/retiree-survey/where-to-live-in-retirement, https://www.ahcancal.org/Assisted-Living/Facts-and-Figures/Pages/default.aspx, https://www.census.gov/content/dam/Census/library/publications/2020/demo/p23-217.pdf, https://www.ssa.gov/benefits/retirement/planner/agereduction.html, https://www.ssa.gov/benefits/retirement/planner/1957-delay.html, https://faq.ssa.gov/en-us/Topic/article/KA-01897, https://www.census.gov/newsroom/stories/senior-citizens-day.html, Do Not Sell/Share My Personal Information, Limit the Use of My Sensitive Personal Information, 61% of older couples say that sex factors into their quality of life, 73% of retirees 65 to 80 are satisfied with their sex lives, 50% of men express strong interest in sex; 12% of women do, 50%+ of men are sexually active; 31% of women are, 45% of retirees in good to excellent health are sexually active compared with 22% of retirees who rate their health as fair to poor, 47% cite trust as most essential in a relationship. So Are Increasing Numbers of Older Americans. 2018 by PPL CORPORATION CONTENT Cover story 3 Delivering today for a brighter tomorrow PPL's sustainability commitments Get caregiver alerts and 24/7 Urgent Response through your Amazon Echo! Child annuitants between the ages of 18 and 22, attending school on a full-time basis, will soon start receiving their annual school certification packets. Privacy Policy 8/30/2022 4:16 PM. Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21. (n.d.). Take Advantage of Your FEDVIP Enrollment Period 0 (2020, Nov. 23). 0000033228 00000 n Benefits information above is provided anonymously by current and former PPL employees, and may include a summary provided by the employer. - Achieves earnings from ongoing operations of $0.28 per share. Tip: Changing Bank Accounts for Your Retired Pay? Retiring uniformed service members are considered newly eligible for FEDVIP. The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About 2023 Of course, a decent chunk of retirees split up. The SBP section has five lines for members who participate in SBP. Forecast of the Number of Military Retirees in the United States from 2021 to 2031. endstream endobj 225 0 obj <> endobj 226 0 obj <> endobj 227 0 obj <>stream (2016). 2: Number of critical home accessibility designs for aging in place. Someone who is 65 years old today can expect to live about another 20 years. News from OurPartners: Change in Temporary Guidance for USID Cards Recently Retired from Service? If you have questions about your options for life insurance in retirement, contact MetLife at 888.507.3767 once you receive your conversion/continuation packet. trailer During that period December 2007 to June 2009 there was a steep decline in the value of financial assets as well as home prices. 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