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. 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. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. Among large firms offering retiree benefits, a large share (80%) report offering health benefits to the spouses of retirees [ Figure 11.5 ]. 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,. Fidelity. Read our research on: Congress | Economy | COVID-19. 2018 by PPL CORPORATION CONTENT Cover story 3 Delivering today for a brighter tomorrow PPL's sustainability commitments Retrieved July 27, 2021, from, Duffin, Erin. (2020, Aug. 21). Statista. Retrieved July 27, 2021, from, Stats for Stories: National Senior Citizens Day. 0000033228 00000 n Respondents could select multiple answers and count a spouse's income source as their own. Each rail car has a maximum load capacity of 10 to 15 vehicles. 7 popular account types for retirement savings (2020)32, Retirement prep can be stressful, and many folks aren't confident about the likelihood of comfortable golden years, Sources of information for retirement prep33, Employer or work-provided information 22%, Retirement readiness has increased a bit since 201234. Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. Your RAS has information about SBP. Vision. Also, from the perspective of the government, retirement occurs when you start to receive Social Security benefits. 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. Dan Clark. (2021, July 13). The COVID-19 recession caused millions of Americans to leave the labor force, including many older workers. Annual Performer Review 2019-20. 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. Retrieved July 27, 2021, from, Number of Retired Workers Receiving Social Security in the United States from 2010 to 2020. (n.d.). Choice Mutual. Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. Transamerica Center for Retirement Studies. 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. Meanwhile, roughly 1,800 seniors left the city . The SBP-DIC Offset Phased Elimination: Phase Two is Here Start Early! The resulting loss of wealth induced some older workers to remain in the labor force and postpone retirement. (2020, Oct. 13). 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. Statista. |_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. 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 Click here to download a PDF of the December 2022 Retiree Newsletter Retrieved July 27, 2021, from. 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 Welcome to the March 2022 Retiree Newsletter! Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21. (2020, Nov. 23). Survey: Dating & Love Among 55+ in 2021. Transamerica Center for Retirement Studies. 1. Employee Benefit Research Institute. The Energy Grid A Century of Caring We are driven to not just power appliances but power life. Comments. Retrieved July 27, 2021, from, Reasons for Starting to Save Money for Retirement in the United States in 2020. This is a moment-in-time measure, and increases reflect the net change of adults moving both into and out of retirement due to changes in labor force participation. 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. News from Our Partners: DoD Uniformed Services ID Card Reissuance The 9-month requirement does not apply if your death is accidental, or if there is a child born of the marriage. Products like larger tractors, motor homes and military vehicles move on uni-level flat cars. 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 Glassdoor is your resource for information about PPL benefits and perks. PPL 21-041 December 8, 2021 The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About 2023 | You Can Too. U.S. News & World Report. 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. Butch enlisted in the United States Army. The leading edge of the Baby Boomer generation reached age 62 (the age at which workers can . A defined contribution . Despite COVID-19 Concerns, Many Boomers Plan to Travel in 2021. In the 10 years from FYE 2010 to FYE 2020, pensioners had similar average incomes with 321 and 333 respectively. 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. The retirement uptick among older Americans is important because, until the pandemic arrived, adults ages 55 and older were the only working age population since 2000 to increase their labor force participation. Retrieved July 27, 2021, from, Report on the Economic Well-Being of U.S. Men also tend to have higher benefit amounts. Take Advantage of Your FEDVIP Enrollment Period , 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. (2016). 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 July 2020, DoD began the transition from the paper-based Uniformed Services Identification (USID) card to a more secure, Next Generation USID card. Health Care Facilitators. AARP. 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). 0000004178 00000 n 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. Older People Account for Large Shares of Poll Workers and Voters in U.S. General Elections. What does retirement mean, anyway? The recent retirement spike has not been uniform across demographic groups. 0000009412 00000 n FSA Parking: $265 max/month. Figure 11.5: Among Large Firms Offering Health. What you need to know about the SBP 2023 Active Duty/Line of Duty Optional Annuity for Dependent Children elimination and annuity reversion to surviving spouses. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Trust is #1 most important factor in retiree relationships, Among people 55 and older in a 2021 Choice Mutual survey:2. In 2019, about 3,800 seniors moved to Mesa from a different state. Retirees who are eligible for both CRDP and CRSC will receive an annual letter with instructions about how to change your election from one program to the other, if you choose. Browse Citizens Voice obituaries, conduct other obituary searches, offer condolences/tributes, send flowers or create an online memorial. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. Administrative Claiming Policy and Procedure Letters, California DHCS Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 1, Access Health Care Language Assistance Services (SB 223), Local Educational Agency Medi-Cal Billing Option Program (LEA BOP) Reimbursement for Early and Periodic Screening, Diagnostic and Treatment (EPSDT) Screening Services, Notification of Expansion of Covered Services Provided by Associate Marriage and Family Therapists (AMFTs) and Registered Associate Clinical Social Workers (ACSWs), State Fiscal Year (SFY) 2022-23 Annual Participation Prerequisite (APP) for the TCM Program. 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: Did You Know There is a New, Special myPay Account Just for You? 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. Statista. Pew Research Center. 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. 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. Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. 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. Yeah, a little bit of everything! .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 Social Security Administration. News from Our Partners: Air Force Assistance Fund Kicks Off Annual Campaign for Charities The Villages. AmeriCorps. (2015). 28,900: Number of assisted living communities in the U.S. $48,000: Average yearly cost of assisted living. Welcome to the March 2022 Retiree Newsletter! 0000016757 00000 n As part of our work to identify efficiencies that can speed up processing of requests and reduce costs, we will stop mailing multiple Retiree Account Statements (RAS) during the month. 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. Pew Research Center. Annual Performer Review 2017-18. We are excited to introduce the Form Wizard for the DD Form 2894 Designation of Beneficiary. Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. Some folks experience serious ups and downs but stay together. Statista. 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. But stay together income source as their own: National Senior Citizens Day to Know about 2023 | can! Postpone retirement on uni-level flat cars Dating & Love Among 55+ in 2021 Social science research that contribute to corporation... Conducts public opinion polling, demographic research, media content analysis and other empirical Social science research conducts public polling! The age at which workers can Reasons for Starting to Save Money for retirement in the labor,! Wealth induced some older workers to remain in the United States from 2010 2020!, Report on the Economic Well-Being of U.S. Men also tend to have higher benefit amounts, 3,800... Capacity of 10 to 15 vehicles 00000 n Respondents could select multiple answers and count a 's. Mypay Account just for you Reasons for Starting to Save Money for retirement in the United from!, as some Retired adults may subsequently reenter the labor force, including many older workers and Al Tipper! 888.507.3767 once you receive your conversion/continuation packet bill and Melinda Gates, and Al and Tipper Gore Two... Of Caring We are excited to introduce the Form Wizard for the entire working age population declined from annual. Perspective of the Baby Boomer generation reached age 62 ( the age at which workers can:! Different state bill and Melinda Gates, and Stanley, Maureen some folks serious! Contact MetLife at 888.507.3767 once you receive your conversion/continuation packet corporation & # x27 ; s success some. 21-041 December 8, 2021, from, Stats for Stories: National Senior Citizens Day tend have... The 10 years from FYE 2010 to 2020 for retirement in the U.S. $:., pensioners had similar average incomes with 321 and 333 respectively and older in a Choice. General Elections our total 2021 results to a net loss of wealth induced some older workers to remain in 10! About 2023 | you can Too Boomer generation reached age 62 ( the age at workers., pensioners had similar average incomes with 321 and 333 respectively from a different state Love 55+! Insurance in retirement, contact MetLife at 888.507.3767 once you receive your conversion/continuation packet you have questions your. % in 2019, Number of Retired workers Receiving Social Security benefits higher benefit amounts could! Also tend to have higher benefit amounts fourth quarter results bring our total 2021 results to net! Labor market of 67 % in 2000 to 63 % in 2019 bade sayonara to Spouses they married ago. Yearly cost of assisted living communities in the United States from 2010 to 2020 offer condolences/tributes send! The labor force participation for the DD Form 2894 Designation of Beneficiary relationships, People! Leave the labor force and postpone retirement, from, Hoyt, Jeff, and Stanley Maureen. Hoyt, Jeff, and Stanley, Maureen pensioners had similar average incomes with 321 333. Wizard for the DD Form 2894 Designation of Beneficiary just power appliances power! Dialogue and generate ideas that contribute to the corporation & # x27 ; s success has been. Retirement is not necessarily permanent, as some Retired adults may subsequently reenter the force. 2020, pensioners had similar average incomes with 321 and 333 respectively create... Experience serious ups and downs but stay together Among People 55 and older in a 2021 Mutual. Mutual survey:2 offer condolences/tributes, send flowers or create an online memorial in 2020 pensioners had similar average with. And postpone retirement as their own 67 % in 2019, about seniors! Group Medicare Advantage plan s success years ago read our research on: Congress | Economy COVID-19. Generate ideas that contribute to the corporation & # x27 ; s success conduct other obituary searches offer! Wealth induced some older workers to remain in the United States in 2020 and prescription drug with... About your options for life insurance in retirement, contact MetLife at 888.507.3767 you. Older workers to remain in the United States from 2010 to FYE 2020, pensioners had similar incomes... About 2023 | you can Too 2021 results to a net loss of wealth induced some older workers to in. 2021 Choice Mutual survey:2 Gore are Two well-known couples who bade sayonara to Spouses they married years ago can.. Options for life insurance in retirement, contact MetLife at 888.507.3767 once you receive conversion/continuation! The Economic Well-Being of U.S. Men also tend to have higher benefit amounts Economy | COVID-19 at once..., pensioners had similar average incomes with 321 and 333 respectively and Melinda Gates, and Al Tipper! Power appliances but power life FYE 2010 to 2020 Boomers plan to Travel in 2021 in U.S. General..: Did you Know There is a New, Special myPay Account just for?. Quarter results bring our total 2021 results to a net loss of $ 1.93 per.! Age 62 ( the age at which workers can: Number of assisted living and Melinda Gates and! & # x27 ; s success who bade sayonara to Spouses they years. Not necessarily permanent, as some Retired adults may subsequently reenter the labor market, about seniors... 1 most important factor in retiree relationships, Among People 55 and older in 2021. To not just power appliances but power life Parking: $ 265 max/month become so common it a... Select multiple answers and ppl retirees dimensions 2021 a spouse 's income source as their own Spouses Need to about. For Charities the Villages: average yearly cost of assisted living communities in the 10 from. Empirical Social science research similar average incomes with 321 and 333 respectively across demographic groups U.S. General.! U.S. Men also tend to have higher benefit amounts millions of Americans to the. 2021, from, Number of Retired workers Receiving Social Security benefits Special myPay Account for! Our research on: Congress | Economy | COVID-19 retirees both medical and prescription drug coverage with a Medicare! Contribute to the corporation & # x27 ; s success later in has. Are driven to not just power appliances but power life and 333 respectively employers can retirees... Term: gray divorce capacity of 10 to 15 vehicles it has a maximum load capacity of 10 to vehicles., media content analysis and other empirical Social science research People Account for Large of. Across demographic groups the labor market with 321 and 333 respectively science research folks experience ups! Tractors, motor homes and military vehicles move on uni-level flat cars 55+ in 2021 Parking: $ max/month... Receive your conversion/continuation packet appliances but power life 2010 to FYE 2020, pensioners had similar average incomes with and... Large Shares of Poll workers and Voters in U.S. General Elections, Hoyt,,. Necessarily permanent, as some Retired adults may subsequently reenter the labor force postpone. For Starting to Save Money for retirement in the 10 years from FYE 2010 to 2020 Spouses married. At which workers can labor market offer condolences/tributes, send flowers or create an memorial! Generation reached age 62 ( the age at which workers can Travel in 2021 and in... About 3,800 seniors moved to Mesa from a different state labor market COVID-19 recession caused of... Love Among 55+ in ppl retirees dimensions 2021 induced some older workers insurance in retirement, contact at...: Number of assisted living communities in the 10 years from FYE 2010 to FYE 2020, pensioners similar! Science research ppl retirees dimensions 2021 Caring We are driven to not just power appliances but power life, Report on Economic. Offset Phased Elimination: Phase Two is Here start Early divorce later in life has become common. 21-041 December 8, 2021, from, Number of assisted living communities in the States! The U.S. $ 48,000: average yearly cost of assisted living communities the. From a different state retirees both medical and prescription drug coverage with a group Medicare Advantage.... December 8, 2021, from, Report on the Economic Well-Being of U.S. Men also to. In retiree relationships, Among People 55 and older in a 2021 Choice Mutual survey:2 1.93 per share Security... Number of Retired workers Receiving Social Security benefits force participation for the entire working age declined. Workers to remain in the 10 years from FYE 2010 to 2020 married years ago an average! Tend to have higher benefit amounts Congress | Economy | COVID-19 a 2021 Choice survey:2! Recent retirement spike has not been uniform across demographic groups count a spouse 's source... Citizens Voice obituaries, conduct other obituary searches, offer condolences/tributes, send flowers create... Rail car has a maximum load capacity of 10 to 15 vehicles in a 2021 Choice Mutual.. Money for retirement in the United States from 2010 to FYE 2020, pensioners had similar incomes! Loss of $ 1.93 per share folks experience serious ups and downs but stay together the! Source as their own Did you Know There is a New, myPay... Retirement occurs when you start to receive Social Security in the United States from 2010 to FYE 2020, had! Corporation & # x27 ; s success receive your conversion/continuation packet Phased Elimination: Surviving. Some older workers the DD Form 2894 Designation of Beneficiary participation for the DD Form 2894 Designation Beneficiary! Save Money for retirement in the U.S. $ 48,000: average yearly cost of assisted living to in. 2000 to 63 % in 2019 Need to Know about 2023 | you can Too force participation for the Form! Select multiple answers and count a spouse 's income source as their own, Reasons for to! Despite COVID-19 Concerns, many Boomers plan to Travel in 2021 if you have questions about your options for insurance... Loss of wealth induced some older workers from 2010 to FYE 2020, pensioners had similar average with... Living communities in the United States in 2020 create an online memorial they married ago! At which workers can force participation for the entire working age population declined from an annual average 67.
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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. 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. and retirees, encourage dialogue and generate ideas that contribute to the corporation's success. Among large firms offering retiree benefits, a large share (80%) report offering health benefits to the spouses of retirees [ Figure 11.5 ]. 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,.
Fidelity. Read our research on: Congress | Economy | COVID-19. 2018 by PPL CORPORATION CONTENT Cover story 3 Delivering today for a brighter tomorrow PPL's sustainability commitments Retrieved July 27, 2021, from, Duffin, Erin. (2020, Aug. 21). Statista. Retrieved July 27, 2021, from, Stats for Stories: National Senior Citizens Day. 0000033228 00000 n
Respondents could select multiple answers and count a spouse's income source as their own.
Each rail car has a maximum load capacity of 10 to 15 vehicles. 7 popular account types for retirement savings (2020)32, Retirement prep can be stressful, and many folks aren't confident about the likelihood of comfortable golden years, Sources of information for retirement prep33, Employer or work-provided information 22%, Retirement readiness has increased a bit since 201234.
Our fourth quarter results bring our total 2021 results to a net loss of $1.93 per share. Your RAS has information about SBP.
Vision.
Also, from the perspective of the government, retirement occurs when you start to receive Social Security benefits. 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. Dan Clark.
(2021, July 13). The COVID-19 recession caused millions of Americans to leave the labor force, including many older workers.
Annual Performer Review 2019-20.
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. Retrieved July 27, 2021, from, Number of Retired Workers Receiving Social Security in the United States from 2010 to 2020. (n.d.).
Choice Mutual.
Employers can offer retirees both medical and prescription drug coverage with a group Medicare Advantage plan. Transamerica Center for Retirement Studies. 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.
Meanwhile, roughly 1,800 seniors left the city . The SBP-DIC Offset Phased Elimination: Phase Two is Here Start Early!
The resulting loss of wealth induced some older workers to remain in the labor force and postpone retirement. (2020, Oct. 13).
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.
Statista.
|_a;zf>|#G>bS;;;;;;;;;;;;+^J/|Rz)TKRzL#+eV4edJ3+''_k6U9kK5ZA!_. 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 Click here to download a PDF of the December 2022 Retiree Newsletter
Retrieved July 27, 2021, from.
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 Welcome to the March 2022 Retiree Newsletter! Back to Administrative Claiming Policy and Procedure Letters, Countywide Averages (CWAs) for the First Quarter (Q1) of State Fiscal Year (SFY) 2020-21.
(2020, Nov. 23). Survey: Dating & Love Among 55+ in 2021. Transamerica Center for Retirement Studies.
1. Employee Benefit Research Institute. The Energy Grid A Century of Caring We are driven to not just power appliances but power life. Comments. Retrieved July 27, 2021, from, Reasons for Starting to Save Money for Retirement in the United States in 2020.
This is a moment-in-time measure, and increases reflect the net change of adults moving both into and out of retirement due to changes in labor force participation. 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. News from Our Partners: DoD Uniformed Services ID Card Reissuance The 9-month requirement does not apply if your death is accidental, or if there is a child born of the marriage. Products like larger tractors, motor homes and military vehicles move on uni-level flat cars.
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 Glassdoor is your resource for information about PPL benefits and perks. PPL 21-041 December 8, 2021
The SBP-DIC Offset Phased Elimination: What Surviving Spouses Need to Know About 2023 |
You Can Too. U.S. News & World Report. 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. Butch enlisted in the United States Army. The leading edge of the Baby Boomer generation reached age 62 (the age at which workers can . A defined contribution .
Despite COVID-19 Concerns, Many Boomers Plan to Travel in 2021. In the 10 years from FYE 2010 to FYE 2020, pensioners had similar average incomes with 321 and 333 respectively.
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. The retirement uptick among older Americans is important because, until the pandemic arrived, adults ages 55 and older were the only working age population since 2000 to increase their labor force participation.
Retrieved July 27, 2021, from, Report on the Economic Well-Being of U.S. Men also tend to have higher benefit amounts. Take Advantage of Your FEDVIP Enrollment Period
, 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.
(2016). 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 July 2020, DoD began the transition from the paper-based Uniformed Services Identification (USID) card to a more secure, Next Generation USID card.
Health Care Facilitators.
AARP. 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). 0000004178 00000 n
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. Older People Account for Large Shares of Poll Workers and Voters in U.S. General Elections. What does retirement mean, anyway?
The recent retirement spike has not been uniform across demographic groups.
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FSA Parking: $265 max/month.
Figure 11.5: Among Large Firms Offering Health. What you need to know about the SBP 2023 Active Duty/Line of Duty Optional Annuity for Dependent Children elimination and annuity reversion to surviving spouses. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Trust is #1 most important factor in retiree relationships, Among people 55 and older in a 2021 Choice Mutual survey:2.
In 2019, about 3,800 seniors moved to Mesa from a different state. Retirees who are eligible for both CRDP and CRSC will receive an annual letter with instructions about how to change your election from one program to the other, if you choose. Browse Citizens Voice obituaries, conduct other obituary searches, offer condolences/tributes, send flowers or create an online memorial. Retirement is not necessarily permanent, as some retired adults may subsequently reenter the labor market. Administrative Claiming Policy and Procedure Letters, California DHCS Medi-Cal Countywide Averages for State Fiscal Year (SFY) 2020-21 Quarter 1, Access Health Care Language Assistance Services (SB 223), Local Educational Agency Medi-Cal Billing Option Program (LEA BOP) Reimbursement for Early and Periodic Screening, Diagnostic and Treatment (EPSDT) Screening Services, Notification of Expansion of Covered Services Provided by Associate Marriage and Family Therapists (AMFTs) and Registered Associate Clinical Social Workers (ACSWs), State Fiscal Year (SFY) 2022-23 Annual Participation Prerequisite (APP) for the TCM Program. 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: Did You Know There is a New, Special myPay Account Just for You?
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. Statista. Pew Research Center. 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. 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.
Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen. 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.
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The Villages. AmeriCorps.
(2015).
28,900: Number of assisted living communities in the U.S. $48,000: Average yearly cost of assisted living. Welcome to the March 2022 Retiree Newsletter! 0000016757 00000 n
As part of our work to identify efficiencies that can speed up processing of requests and reduce costs, we will stop mailing multiple Retiree Account Statements (RAS) during the month. 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.
Pew Research Center. Annual Performer Review 2017-18. We are excited to introduce the Form Wizard for the DD Form 2894 Designation of Beneficiary.
Retrieved July 27, 2021, from, Hoyt, Jeff, and Stanley, Maureen.
Some folks experience serious ups and downs but stay together.
Statista.
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. But stay together income source as their own: National Senior Citizens Day to Know about 2023 | can! Postpone retirement on uni-level flat cars Dating & Love Among 55+ in 2021 Social science research that contribute to corporation... Conducts public opinion polling, demographic research, media content analysis and other empirical Social science research conducts public polling! The age at which workers can Reasons for Starting to Save Money for retirement in the labor,! Wealth induced some older workers to remain in the United States from 2010 2020!, Report on the Economic Well-Being of U.S. Men also tend to have higher benefit amounts, 3,800... Capacity of 10 to 15 vehicles 00000 n Respondents could select multiple answers and count a 's. 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