Providing social security to people is govt’s duty, says Raj CM

Providing social security to people is govt’s duty, says Raj CM

Rajasthan chief minister Ashok Gehlot on Thursday said that providing social security to the people is a responsibility of the government, which his Congress-led dispensation is fulfilling through various welfare schemes. CM Ashok Gehlot pointed out that the proposed Minimum Guaranteed Income Bill, 2023 will be an important step of the state government in ensuring social security to the people (PTI) He pointed out that the proposed Minimum Guaranteed Income Bill, 2023 will be an important step of the state government in ensuring social security to the people.

“The state cabinet has given its consent to the proposed bill, which […]

Rajasthan cabinet gives nod to ‘Minimum Guaranteed Income Bill’

Rajasthan cabinet gives nod to ‘Minimum Guaranteed Income Bill’

Rajasthan chief minister Ashok Gehlot on Thursday said it is the responsibility of the government to provide social security to every person while announcing that the cabinet has given its nod to the ‘Mahatama Gandhi Minimum Guaranteed Income Bill, 2023’. Rajasthan chief minister Ashok Gehlot (File Photo) Gehlot announced the minimum income guarantee in his 2023 budget speech. For this, an additional expenditure of ₹2,500 crore is being proposed. The bill will be another important step for the state government in this direction, he said.

Gehlot was addressing the Social Security Pension Beneficiary Program held at Ramlila Maidan in Jaipur […]

Santa Clara County will pay monthly stipends to help more homeless teens escape poverty

Santa Clara County will pay monthly stipends to help more homeless teens escape poverty

Santa Clara County will provide monthly stipends of $1,200 to some graduating high school seniors who are homeless, beginning next summer, officials announced.

The $3 million Guaranteed Income Pilot Program for Unhoused High School Students will provide payments for up to two years to 50 students exiting high school, said state Sen. Dave Cortese (D-San Jose) and Santa Clara County Board of Supervisors President Susan Ellenberg.

The program seeks to break the cycle of poverty by helping students transition into college or a career, Cortese said.“If we don’t intercept this population as they’re walking across the stage with their diploma, I […]

IRI Presses White House to Back Further Retirement Policy on Annuities

IRI Presses White House to Back Further Retirement Policy on Annuities

The Insured Retirement Institute wrote to the administration of President Joe Biden on Wednesday , calling for additional retirement legislation that includes furthering the use of guaranteed income annuities and allows the use of collective investment trusts in nonprofit 403(b) plans.

In the letter addressed to the White House, the Washington-based institute championed the sweeping SECURE 2.0 Act of 2022 passed last year while calling for the passage of additional retirement policies previously brought before Congress.

“There is still more that needs to be done to soothe the anxiety that middle-class workers and retirees across America express about their ability to […]

Insurance Group Calls On White House to Support More Retirement, Annuity Legislation

Insurance Group Calls On White House to Support More Retirement, Annuity Legislation

The Insured Retirement Institute wrote to the administration of President Joe Biden on Wednesday , calling for additional retirement legislation that includes furthering the use of guaranteed income annuities and allows the use of collective investment trusts in nonprofit 403(b) plans.

In the letter addressed to the White House, the Washington-based institute championed the sweeping SECURE 2.0 Act of 2022 passed last year while calling for the passage of additional retirement policies previously brought before Congress.

“There is still more that needs to be done to soothe the anxiety that middle-class workers and retirees across America express about their ability to […]

Direct payments worth $24,000 available to eligible Americans – when will you get paid?

Direct payments worth $24,000 available to eligible Americans - when will you get paid?

Direct payments totaling $24,000 could be handed out to individuals living in a certain part of the country. People struggling with the cost of living may be in line for a stimulus check worth $1,000 as part of a new scheme.

What makes this direct payment stand out is that this sum of money will be delivered to claimants every month. As a result, someone successfully in receipt of this support could end up receiving upwards of $24,000.

This direct payment is part of LA Country’s guaranteed income initiative called "Breathe" in California and claimants are set to get paid later […]

Check of $1,000 per month approved for a new youth payment in California

Check of $1,000 per month approved for a new youth payment in California

Some eligible young adults in California will get checks worth $1,000 – Canva Guaranteed Income Programs are becoming more and more popular in the United States after the stimulus checks. In this case, it is A Lift for Life and Foster Care in the County of San Mateo. This county in the state of California has recently approved a new payment for both foster and current foster care youths.

In order to be eligible, you must have been in foster care or still be and be between the ages of 18 and 22. Then, those who qualify for this check […]

Govt likely to pass 5 to 8 bills in assembly session

Govt likely to pass 5 to 8 bills in assembly session

Jaipur: The state government has set the target to pass five to eight bills in the last assembly session starting from July 14. Sources confirmed that bills, including Mahatma Gandhi Minimum Guaranteed Income Bill, Gig Workers (Registration & Welfare) Bill, Marwar Medical University Bill, and Jobner Veterinary University, are set to sail through the assembly.
An amendment is also likely in the Rajasthan Public Examination (Measures for Prevention of Unfair Means in Recruitment) Bill, 2022, to make punishment harsher.
“The CM in the Budget 2023 had announced the minimum guaranteed scheme providing 125 days of the work and also […]

Retirement Reality Check: Unpacking the Financial Struggles Faced by Baby Boomers

Retirement Reality Check: Unpacking the Financial Struggles Faced by Baby Boomers

Navigating the world of investments as a baby boomer can seem overwhelming. With only 50% of male boomers and fewer, around 35%, of female boomers investing for their future, there’s much room for improvement. AlphaBetaStock.com’s Wall Street’s Cheat Sheet recently reported that Despite the utopian dreams of their youth, not all boomers have saved enough for retirement. 45% of their generation is facing the reality of entering retirement with no accumulated savings.

Furthermore, a significant concern regarding retirement savings in the United States is the insufficient amount saved by a large portion of the population. The majority of Americans have […]

Philly’s guaranteed income program aims to lift people out of poverty

Philly’s guaranteed income program aims to lift people out of poverty

Four years after being released from prison, Tydricka Lewis got something special: unrestricted cash.

The mom of three was one of 109 formerly incarcerated people selected to receive a monthly, no-strings-attached $600 payment as part of a local guaranteed basic income initiative in Durham, N.C.

Lewis, 34, bought a new car with the money from the yearlong pilot program, and it helped her commute to the two jobs she worked to support her and her children.“I am doing more than enough,” Lewis said of her work ethic. “It’s just that I’m not making enough.”She is no longer getting the monthly payments. […]