Millions of Americans say the likely will have to push back their retirement because of rising inflation, newly released financial survey data found.
The BMO Real Financial Progress Index, a quarterly survey from BMO and Ipsos, showed that a quarter of Americans will likely need to delay their retirement because of higher prices.
Congressman Fred Upton (R-MI-06) announced his retirement at the end of his current term on the House floor in a speech to his colleagues.
The Michigan lawmaker has served in the House of Representatives since 1987.
Football legend Tom Brady has reversed his decision to retire and now plans on joining the Tampa Bay Buccaneers for the 2022 season.
“These past two months I’ve realized my place is still on the field and not in the stands. That time will come. But it’s not now,” Brady tweeted Sunday evening.
Supreme Court Justice Stephen Breyer will step down from his post at the end of the court’s current term, according to a report from NBC News.
Breyer is one of the three remaining Democrat-appointed justices on the high court. Should he retire, it will present President Biden with an opportunity to appoint a liberal-leaning justice who could sit on the court for many years to come, and for the moment, preserve the 6-3 split between conservative-leaning and liberal-leaning justices.
Breyer, who is 83, is the oldest member of the court. He had faced consistent pressure from liberal groups to retire, especially following the death of Justice Ruth Bader Ginsburg, whose passing allowed then-President Donald Trump to appoint Justice Amy Coney Barrett.
The American Association of Retired Persons (AARP) raked in massive profits in 2020, mostly from royalties on branded health insurance policies, not memberships, according to company financial documents.
AARP’s 2020 Form 990 shows that the organization reported $1.6 billion in revenue, with roughly $1 billion, or over 60%, from royalty revenue. Meanwhile, membership dues contributed under 20% of total revenue.
AARP’s 2019 Form 990 reported $1.72 billion in revenue, with royalties making up nearly 56% of revenue while membership dues contributed just 17%.
Vermont Democratic Sen. Patrick Leahy announced his retirement Monday morning in his home state.
Leahy, 81, was first elected in 1975 and is in his eighth term. He is the president pro tempore of the Senate, making him third in the line of presidential succession after Vice President Kamala Harris and House Speaker Nancy Pelosi, and he is the chamber’s longest-serving member.
Supreme Court Justice Stephen Breyer remains undecided about retirement plans, saying in an interview published Friday that there are “many considerations” playing a part in his eventual decision.
Breyer, 83, is the oldest member of the court, and he has yet to decide when to retire, despite increasing pressure from activists to retire immediately.
Following a year in which stock markets posted healthy gains, the organization running Ohio’s public employee benefits is cutting back — a lot.
More than 85,000 coal miner retirees and 20,000 working miners are at risk of losing all or part of their pension by 2022 if more coal companies declare bankruptcy. Within the next four years, a handful of major coal-fired power plants in the Ohio Valley are expected to shut…