Finances 50+

Granite Staters are bracing for rising utility bills while already dealing with high inflation. Here are some ways to make those energy bills a little more reasonable.

AARP Connecticut submitted to the Public Utilities Regulatory Authority (PURA) a petition that was signed by thousands of Connecticut residents in the 17 towns serviced by United Illuminating Company opposing the utility provider’s request to implement a rate increase on the regulated delivery portion of electric bills. This will significantly raise the cost of electricity for Connecticut ratepayers, who already pay the highest retail electricity price in the continental United States, by nearly 15% over three years. If approved, the rate increase would be in addition to a significant increase in the cost of deregulated supply that will take effect on January 1, 2023.

Older New Jersey residents gathered for AARP New Jersey’s “Day at the Capitol” today to advocate for issues that matter most to people 50-plus, including financial relief for family caregivers, a safe and quality long-term care system, expanded property tax relief, affordable utilities and fair prescription drug prices.

Español | Governor Newsom signs AB 824 into law, banning “pay-to-delay” agreements between brand-name and generic drug companies, which have kept low-cost generic medications off the market. (Left to Right) Attorney General Becerra, AARP CA Advocacy Manager Blanca Castro, Governor Newsom, and Assembly member Jim Wood.

By John Chiang

SACRAMENTO – Today, AARP applauded the vote on the Assembly Floor (52-26) passing the California Secure Choice Retirement Savings Act (Senate Bill 1234), introduced by Senate President Pro Tem Kevin De León, back to the Senate for concurrence. AARP strongly supports SB 1234, which, if passed out of concurrence and signed by Governor Brown, would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

FOR IMMEDIATE RELEASE

SACRAMENTO – Today, AARP applauded the vote on the Senate Floor passing the California Secure Choice Retirement Savings Act (Senate Bill 1234) introduced by Senate President Pro Tem Kevin De León into the Assembly. AARP strongly supports SB 1234, which, if passed by the legislature and signed by Governor Brown, would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

SACRAMENTO – Today, AARP commended the California State Legislature for their landmark passage of the California Secure Choice Retirement Savings Act (Senate Bill 1234), introduced by Senate President Pro Tem Kevin De León. The bill passed out of Senate concurrence and now awaits signature by California Governor Jerry Brown. If Gov. Brown signs SB1234, it would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

MarylandSaves, a new state program offering automatic payroll deduction for Roth IRAs, launched in September, with the aim of making saving for retirement easier for nearly 1 million Maryland workers.