Tag: guaranteed income

Ontario’s pay equity office unveils a hidden inequality: “The Gender Pension Gap”

Ontario’s pay equity office unveils a hidden inequality: “The Gender Pension Gap”

Examining the persistent gender pension gap and its impact on women’s retirement security in Canada By Pay Equity Office

Oct 16, 2024

Share This article was produced in partnership with the HCM DIALOGUE Despite Canada’s robust retirement income system, women are facing an uphill battle in securing financial stability during their golden years. And the situation hasn’t improved much since 1976.A new ground-breaking research paper, Understanding the Gender Pension Gap in Canada, published by Ontario’s Pay Equity Office with Dr. Elizabeth Shilton, feminist economist and labour lawyer, finds that although Canada’s retirement income system is recognized as one of […]

T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution

T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution

Image credit: © Cammeraydave | Dreamstime.com The latest in-plan guaranteed lifetime income solution to hit the market was unveiled Oct. 15 by T. Rowe Price in cooperation with Pacific Life. “By pairing MLI’s robust approach to asset management with the security of a QLAC, we are creating a simple yet dynamic approach to helping participants retire more confidently.” Pacific Life’s Michael Oler Managed Lifetime Income (MLI) is the name of the new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life. MLI combines a managed payout investment from T. […]

Guaranteed income pilot project aims to boost low-income single mothers in Maine

Guaranteed income pilot project aims to boost low-income single mothers in Maine

Coumba Holland at her apartment in Lewiston on Oct. 1, 2024. Holland is one of twenty formerly-homeless single mothers selected for the inaugural year of the Quality Housing Coalition’s guaranteed income program. Guaranteed income is an idea based on the belief that providing unrestricted cash payments to low-income residents is the best way to help them lift themselves out of poverty. It’s a model that’s been championed by seemingly disparate figures over the decades, including Martin Luther King, Jr., Richard Nixon, and, more recently, tech entrepreneurs such as Andrew Yang.

Now, one Maine nonprofit has wrapped up a pilot of […]

Could a guaranteed income pave the way for racial justice?

Could a guaranteed income pave the way for racial justice?

Protesters march in support of Black Lives Matter in June 2020 in Chicago | Natasha Moustache/Getty Images. All rights reserved Rachel Pyon is the research director at Equity and Transformation, a non-profit community organisation working to mobilise Chicago’s informal workforce. She also manages the Chicago Future Fund, a guaranteed income programme for formerly incarcerated people. Deon Hodrick is a recipient of the Chicago Future Fund and a guaranteed income advocate. And Matthew Harvey is a research assistant and storyteller at Equity and Transformation.

We caught up with them at the 22 nd Basic Income Guarantee Conference in San […]

‘Hope Goes a Long Way’: Guaranteed Income a Lifeline for Ex-Prisoners

Image by Bubba73, Creative Commons 3.0 Kevin Scott is a former prisoner and the programme director for Community Spring, a non-profit organisation in Gainesville, Florida. We caught up with Kevin at the 22nd Basic Income Guarantee Conference in San Francisco, California to discuss Just Income, their project providing a guaranteed income to recently released prisoners. The interview has been edited for length and clarity.

Beyond Trafficking and Slavery: What does a guaranteed income look like for recently released prisoners?

Kevin Scott: It’s freedom, opportunity, dignity. For many prisoners getting released, they’re not just ‘re-entering’ the world. They’re […]

4 Notable Themes from the LeafHouse National Retirement Symposium

4 Notable Themes from the LeafHouse National Retirement Symposium

LeafHouse CEO Todd Kading, left, speaks with OneDigital’s Jania Stout and Prime Capital Financial’s Scott Colangelo during the LeafHouse National Retirement Symposium in Austin. There was plenty of “unfiltered” talk coming from the main stage of last week’s LeafHouse National Retirement Symposium—or the retirement industry’s version of Burning Man, as some (including iJoin CEO Steve McCoy) have called it. Dee Snider and Todd Kading during LNRS 2024. And it wasn’t just from unconventional (for a retirement industry event) featured speakers Adam Carolla and Dee Snider , who enthralled attendees with their own unique stories of fighting convention.

“Unfiltered” was the […]

T. Rowe Price Enters In-Plan Lifetime Income Market

T. Rowe Price Enters In-Plan Lifetime Income Market

On Tuesday, the T. Rowe Price Group Inc. launched its own annuity-backed lifetime income product for defined contribution plans. The firm’s Managed Lifetime Income investment product, designed for retirees in DC plans, combines T. Rowe Price’s managed payout investment with a qualified longevity annuity contract, or QLAC, from Pacific Life Insurance Co.

MLI integrates into T. Rowe Price’s existing participant platform, which includes a retirement income estimator that allows individuals to customize their retirement savings. Under MLI, retirees will receive payments from the managed payout investment for the first 15 years of retirement, after which QLAC payments will provide guaranteed […]

T. Rowe Price rolls out new managed lifetime income solution

T. Rowe Price rolls out new managed lifetime income solution

The new retirement savings product, launched in partnership with Pacific Life, offers a fresh option for defined contribution plan participants.

OCT 15, 2024

T. Rowe Price is building on its leadership in the retirement space through a new tie-up with Pacific Life.On Tuesday, the firm announced the launch of Managed Lifetime Income, a retirement solution aimed at providing predictable, lifelong income for retirees in defined contribution plans.The offering blends a managed payout investment from T. Rowe Price with a qualifying longevity annuity contract from Pacific Life, creating a product that combines professional asset management with guaranteed monthly payments.The MLI solution builds […]

T. ROWE PRICE LAUNCHES LIFETIME INCOME SOLUTION FOR RETIREES WITH PACIFIC LIFE

Managed Lifetime Income provides predictable, guaranteed retirement income for life

BALTIMORE, Oct. 15, 2024 /PRNewswire/ — T. Rowe Price, a global investment management firm and leader in retirement, today announced the launch of Managed Lifetime Income (MLI), a new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life. MLI combines a managed payout investment from T. Rowe Price with a Qualifying Longevity Annuity Contract (QLAC) from Pacific Life, a leading provider of innovative insurance and annuity solutions, to offer a unique union of professional asset management and guaranteed monthly […]

Basic Income

We’re going to try something new—our first Request For Research.

We’d like to fund a study on basic income—i.e., giving people enough money to live on with no strings attached. I’ve been intrigued by the idea for a while, and although there’s been a lot of discussion, there’s fairly little data about how it would work.

It’s true that we have systems in place to give people resources, but the bureaucracy and qualification requirements make it a very imperfect approximation of what most people mean when talking about a basic income. We have some examples of something close to a basic […]