Railroad Retirement Board

The Peak 65® Zone is Here, And Our Country is Not Prepared

Retrieved on: 
Wednesday, January 10, 2024

WASHINGTON, Jan. 10, 2024 /PRNewswire/ -- America has just entered the Peak 65® Zone, the largest surge of retiring Americans in history according to a new economic report, The Peak 65® Zone is Here – Creating a New Framework for America's Retirement Security, published today by Jason Fichtner, Executive Director of the Alliance for Lifetime Income's Retirement Income Institute, and Chief Economist at the Bipartisan Policy Center.

Key Points: 
  • Our current retirement system is obsolete and it's time for a new retirement security framework that will help Americans fill this income gap.
  • Dubbed the Peak 65® generation, more than 4.1 million Americans will turn 65 each year through 2027, which amounts to more than 11,200 Americans retiring every day.
  • Data analyzed in the report shows millions of these retiring Americans lack sufficient protected income and face financial insecurity.
  • "Unlike older retired Baby Boomers, the majority of Peak 65'ers don't have pensions, which used to help fill that gap left by Social Security.

OPT Adopts Tax Benefits Preservation Plan to Protect Long-term Shareholder Value By Preserving Significant Tax Assets

Retrieved on: 
Friday, June 30, 2023

OPT’s tax benefits preservation plan is similar to those adopted by numerous other public companies with significant NOLs.

Key Points: 
  • OPT’s tax benefits preservation plan is similar to those adopted by numerous other public companies with significant NOLs.
  • OPT’s tax benefits preservation plan does not, however, block anyone from buying or selling OPT’s common stock.
  • The Board also has the discretion to exempt any acquisition of OPT's common stock from the provisions of the tax benefits preservation plan.
  • The preferred stock purchase rights and the tax benefits preservation plan may also expire on an earlier date upon the occurrence of other events, including a determination by OPT's Board that the tax benefits preservation plan is no longer necessary for the preservation of OPT’s tax attributes.

BrainsWay Reports Fourth Quarter and Full-Year 2022 Financial Results and Operational Highlights

Retrieved on: 
Wednesday, March 15, 2023

and JERUSALEM, March 15, 2023 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a world leader in advanced and non-invasive treatment for brain disorders, today reported fourth quarter and full-year 2022 financial results and provided an operational update.

Key Points: 
  • and JERUSALEM, March 15, 2023 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a world leader in advanced and non-invasive treatment for brain disorders, today reported fourth quarter and full-year 2022 financial results and provided an operational update.
  • Gross margin for the fourth quarter of 2022 was 71%, compared to 77% for the fourth quarter 2021.
  • Operating expenses for the fourth quarter of 2022 totaled $8.6 million, compared to $8.0 million for the fourth quarter of 2021.
  • Operating loss for the fourth quarter of 2022 was $4.3 million, compared to a loss of $1.5 million for the same period in 2021.

MarylandSaves Offers $300 Fee Waiver for Businesses Registered by December 1

Retrieved on: 
Thursday, November 10, 2022

HUNT VALLEY, Md., Nov. 10, 2022 /PRNewswire/ -- MarylandSaves, an innovative retirement savings program, recently announced a $300 fee waiver for any businesses registered in the payroll-deducted program by December 1, 2022. Created by the State of Maryland, this program helps businesses comply with the new Maryland law* that requires most employers to offer a payroll-deducted automatic retirement savings program option for their employees.

Key Points: 
  • HUNT VALLEY, Md., Nov. 10, 2022 /PRNewswire/ -- MarylandSaves , an innovative retirement savings program, recently announced a $300 fee waiver for any businesses registered in the payroll-deducted program by December 1, 2022.
  • The program is free for businesses and the State will waive an annual $300 filing fee for businesses that enable automatic employee enrollment every year they participate in MarylandSaves or offeranotherqualified plan to their employees.
  • "MarylandSaves is an advance on traditional retirement savings,"said MarylandSaves Board Chair Joshua Gotbaum.
  • "We've worked hard to make MarylandSaves free, quick, and easy for businesses," said MarylandSaves Acting Executive Director Glenn Simmons.

MarylandSaves Launches Innovative Paycheck Savings Program.

Retrieved on: 
Thursday, September 15, 2022

HUNT VALLEY, Md., Sept. 15, 2022 /PRNewswire/ -- Starting today, thousands of small business owners and more than a million Marylanders they employ have a new way to save for emergencies and retirement. MarylandSaves will offer workers throughout the state the opportunity to start a personal WorkLife Savings Account automatically funded from their paychecks. The service is free for businesses and the State waives an annual $300 filing fee for those businesses that enable automatic employee enrollment. Employees can opt out at any time. 

Key Points: 
  • MarylandSaves will offer workers throughout the state the opportunity to start a personal WorkLife Savings Account automatically funded from their paychecks.
  • "MarylandSaves is an advance on traditional retirement savings,"said MarylandSaves Board Chair Joshua Gotbaum.
  • "It's automatic savings from each paycheck, savings that help with life's emergencies now and can keep helping after people retire and need it most."
  • "We've worked hard to make MarylandSaves hassle-free for businesses," said MarylandSaves Executive Director Glenn Simmons.

Equable Institute Finds a Majority of Public Workers Aren't Provided an Adequate Path to Retirement Security

Retrieved on: 
Thursday, June 24, 2021

The report also reveals that 3 of 4 statewide public retirement plans provide adequate retirement income for full career workers, regardless of plan type, provided they spend their entire career enrolled in the same plan.

Key Points: 
  • The report also reveals that 3 of 4 statewide public retirement plans provide adequate retirement income for full career workers, regardless of plan type, provided they spend their entire career enrolled in the same plan.
  • Equable Institute Finds a Majority of U.S. Public Workers Aren't Provided an Adequate Path to Retirement Income Security
    The Retirement Security Report is an interactive, digital evaluation of the quality of retirement benefits offered to public workers nationwide using customizable score cards for all 335 statewide retirement plans currently open to new hires.
  • While most analyses of public retirement plans focus on the sustainability of public retirement systems and their costs, the Retirement Security Report is focused on the value of benefits being offered to public sector workers to determine if individual plans are providing a path to retirement income security for municipal employees, public safety officers, state workers, and teachers based on career tenure and age.
  • "Retirement plans should prioritize putting their members on a path to adequate retirement income security.

Payroll Tax Cuts Worsen Social Security and Medicare Funding Issues, Warns The Senior Citizens League

Retrieved on: 
Tuesday, June 23, 2020

But the proposal is unlikely to provide financial help for unemployed workers who need the money, and would worsen existing financing problems for Social Security, Medicare, and program beneficiaries, warns The Senior Citizens League (TSCL).

Key Points: 
  • But the proposal is unlikely to provide financial help for unemployed workers who need the money, and would worsen existing financing problems for Social Security, Medicare, and program beneficiaries, warns The Senior Citizens League (TSCL).
  • "Today's retirees more than 61.2 million people depend on Social Security and Medicare payroll tax revenues for their Social Security and Medicare benefits," says Mary Johnson, a Social Security and Medicare policy analyst.
  • According to the most recent Social Security Trustees report, Social Security already pays out more in benefits than it receives in payroll taxes.
  • In 2019, Social Security paid $1,047.9 billion in benefits versus receiving $944.5 billion in payroll tax revenues.