Money

Former Secretary of State Kathleen Connell, the 79-year-old who heads AARP Rhode Island,

United Illuminating (UI) has proposed a 30%+ increase to their electric distribution charges to you, the ratepayer, over the n ext three years. The proposal also allows UI to increase its profits with a higher return on equity and a new “earnings sharing mechanism” giving the company’s shareholders an opportunity to earn even higher returns via an automatic revenue retention plan.

By Kenneth J. Cooper

Visitors to the Kansas State Fair can learn why it’s important for presidential and congressional candidates to lay out their plans to keep Social Security strong for current and future generations.

Utility regulation in Vermont can be a very complicated process and one that most citizens do not fully understand. AARP Vermont is working hard to shed light on some of the problems with the current approach to regulating electric and natural gas utility companies -- especially as it relates to the rates you pay. A new, independent report just released by AARP Vermont (attached below) shows how Vermont Gas Systems (VGS) has been operating under what is known as an alternative regulation plan created about 10 years ago. While the goal of this form of ratemaking regulation was to best serve Vermont consumers and ratepayers, the actual experience over the past decade has been just the opposite!

Gardena, CA – At a ceremony today at the Second Time Around Senior Club, Representative Maxine Waters (CD 43) was presented with AARP’s “Champion of 50+” award, in recognition of her strong support for a new U.S. Department of Labor rule, which requires that retirement plan advice be given in the best interest of consumers – a rule which could save American families billions of dollars per year. Rep. Waters also voted AGAINST legislation that would have stopped the rule from taking effect.

Americans Age 50-plus and Their Families Affected by Important Work

Photo by Stephen Smith

AARP understands that residents of Hawaii want to make the most of their future. Sometimes it is hard to navigate that process. That’s why AARP is providing free, unbiased information that will help you make smart financial decisions, so you can live the life you want to live!

The Social Security and Women Summit luncheon was held yesterday at Chicago's Union League Club. It was a joint venture between AARP and the National Committee designed to bring awareness to the importance of safeguarding Social security's future by finding commonsense, non-partisan solutions to update the program.