retirement savings

— Recently AARP South Carolina approached Dean Peter Brews, University of South Carolina Darla Moore School of Business about a feasibility study for a multi-employer retirement plan for South Carolina employees. This idea has worked well in other states where employees did not have access to a retirement plan through their employers. AARP South Carolina wanted to find out if this was a feasible plan for the Palmetto state and, if so, what it would cost based upon the projected participation. …

— Everyone loves a good ice cream sundae with gooey chocolate sauce, walnuts, whipped cream and a cherry on top. Forget about the calories and sit back and imagine the coolness of this summer time treat. Recently, the South Carolina general assembly gave ratepayers its utility reform version of an ice cream sundae – complete with the cherry on top. If you’ve been following the news for the last year, you know that SCE&G pulled the plug on construction of two …

— By Holly Fisher Several years ago, Donnell Baker and her husband, Medal of Honor recipient John F. Baker Jr., traveled to the VA Medical Center in Charleston. The Vietnam veteran needed a medical test. The Columbia couple planned to stay overnight, but John Baker had a reaction to the dye used in the test and had to stay in the hospital for a couple of extra days. Then he got pneumonia, and that one-night stay turned into 30 nights and …

— South Carolinians, take notice. The Base Load Review Act allowed SCE&G to charge us some of the highest electricity rates in the southeast for the construction of V.C. Summer- an abandoned, unfinished nuclear power plant that will never produce power. SCE&G was able to raise our rates 9 times in less than 10 years, including a full year and a half after knowing the doomed fate of the nuclear project. So far, SCE&G parent company SCANA’s shareholders received $529 million …

— South Carolinians go to the polls this month to vote in primary elections for governor, lieutenant governor and other statewide offices. Do you know where the gubernatorial hopefuls stand on issues important to people 50 and older? AARP South Carolina hosted a forum in February attended by six of the eight candidates for governor. Questions included how to help more workers in the state save for retirement, how to keep utilities affordable and how to help more people age at …

— The South Carolina Senate could vote at any moment on extremely important bills to protect utility ratepayers like you. Your help is needed now. It’s urgent. There are only a few days remaining in the legislation session and it’s crucial that you urge your state senator to repeal the Base Load Review Act (HB 4375) and vote to establish a Utility Consumer Advocate (HB 4379). Our legislators have heard from powerful utility industry lobbyists. Make sure they hear from you, …

— AARP South Carolina supports a full repeal of the Base Load Review Act, which allowed SCE&G to charge customers for the nuclear power plant as it was being constructed. Unfortunately, accountability and transparency went by the wayside with the passage of the BLRA. Click here to tell your state senator to pass House Bill 4375 or call this toll free number 1-844-250-5544 to be connected to your Senator. Background The Base Load Review Act was signed into law in May 2007. …

— The South Carolina House of Representatives has taken an important step toward helping utility ratepayers by approving HB4379, which establishes a Utility Consumer Advocate. The bill received nearly unanimous approval and now goes to the state Senate for consideration. AARP South Carolina is pleased to support the bill, one of several utility reform measures that the General Assembly is expected to consider this session. HB4379 comes from the House Utility Ratepayer Committee, which convened last summer in the wake of …

— An audit by the SC Office of Regulatory Staff released Friday, January 19, says that SCE&G would not be forced in bankruptcy if they discontinue charging customers for an abandoned nuclear project. The audit was requested by the SC Public Service Commission during a late December, 2017 hearing on a petition by ORS to force the utility to rollback its revised rates for the V. C. Summer project. Numerous groups including AARP SC intervened in support of the ORS petition. …

— It’s been 55 years since Martin Luther King Jr. gave his iconic “I Have a Dream” speech, changing the course of civil rights in America. AARP South Carolina invites members to celebrate the MLK holiday weekend, Jan. 12-15, in Myrtle Beach. AARP is a key sponsor of the celebration, which includes a 5K Freedom Run, film festival, ecumenical service, talent show and parade. Saturday morning will feature a job fair and workshops on contract possibilities for small businesses and the …