Tag: guaranteed income

Mayors for Guaranteed Income Establishes Center for Guaranteed Income Research at University of Pennsylvania

Mayors for Guaranteed Income Establishes Center for Guaranteed Income Research at University of Pennsylvania

Centralized, independent research infrastructure builds evidentiary portfolio for federal guaranteed income policy

Mayors for a Guaranteed Income (MGI), together with the University of Pennsylvania School of Social Policy & Practice (SP2) has established the Center for Guaranteed Income Research (the Center). The goal of the Center is to consolidate the key learnings from the pilots taking place in MGI member cities, to address knowledge gaps in the contemporary understanding of guaranteed income’s impact for Americans, and to allow the organization to layer data with anecdotal evidence in federal advocacy. “The COVID-19 pandemic has exposed what we as Mayors […]

Universal basic income is the wrong answer for workers hurt by a changing job market

Universal basic income is the wrong answer for workers hurt by a changing job market

Ad Article_Opinion, N/A, Regulation/Government Policy, Labor/Personnel Issues, Corporate/Industrial News, Political/General News, Respiratory Tract Diseases, Health, Medical Conditions, Outbreaks/Epidemics OPINION: Universal basic income is the wrong answer, Jamie Merisotis writes. Instead, we should make sure people have meaning and purpose from work.

People seek meaning and purpose from work — and providing that, not UBI, is what we should focus on.

Countries as diverse as Canada, Finland and Namibia are exploring the idea—and the concept drew attention in the U.S. when presidential candidate Andrew Yang proposed giving $1,000 a month to every adult. But this renewed focus on adopting a government program […]

Feds extend deadline to apply for DTC, receive $600 disability benefit

Feds extend deadline to apply for DTC, receive $600 disability benefit

© Elizabeth Crego / 123RF Stock Photo “We will continue to work closely with the disability community to support Canadians with disabilities and their families through this difficult time,” said Minister of Employment, Workforce Development and Disability Inclusion Carla Qualtrough in the release.

Jamie Golombek, managing director of tax and estate planning with CIBC Private Wealth Management in Toronto, said today’s announcement “will be welcome news for thousands of Canadians who are living with a disability, could really use the $600 to meet the extra expenses incurred during the pandemic, but who had yet to qualify for the disability tax […]

Black Women And The Case For Universal Basic Income In The North

Black Women And The Case For Universal Basic Income In The North

Can a Universal Basic Income reduce poverty and the gap between the poor and rich? And what would UBI mean for black women? The Universal Basic Income (UBI) movement has very few black women in it, with my voice often drowning from failure to speak up in rooms where black women’s lived experiences are alien and unrelatable to the predominantly white, male, middle-class advocates that dominate it. With every chance that I grab to speak up, I am compelled to remind everyone that unless we look at policy changes that will include the least of us, our universality efforts […]

Secure Act aims to boost the appeal of annuities in retirement plans

Secure Act aims to boost the appeal of annuities in retirement plans

An office worker on her laptop © Getty Images Adviser Joe DeNoyior believes the promise of a guaranteed income for life can be a game-changer for employees investing in 401(k) retirement accounts.

Yet the product best-positioned for the task — the annuity — comes with challenges that make it a tough fit for such defined contribution (DC) retirement plans. It is not just that an annuity can be costly and operationally complex; the product is also legendary for its jargon. Focused on mixing insurance with investments to guarantee returns, the annuity boasts contrasting features such as “death benefits” and “lifetime […]

Moving Universal Basic Income toward Liberation

Moving Universal Basic Income toward Liberation

“ssosva universal basic income now,” Andres Musta October 20, 2020; Vox

The coronavirus pandemic and ensuing economic crisis has brought forth a necessary debate on the need for universal basic income (UBI) to reduce systemic inequities. Vox recently published a useful analytic map of places around the world that have implemented basic income practices and outcomes. Looked at from that distance, basic income is effective in reducing inequities depending on the money source (whether is private or public) and political intent (how it was structured).

Sigal Samuel, the staff writer for Vox’s Future Perfect project, found that when nations commit […]

California’s Compton Rolls Out Basic Income Program – Should Other States Follow Suit?

California’s Compton Rolls Out Basic Income Program – Should Other States Follow Suit?

The California city of Compton will launch a guaranteed income program for its low-income residents, including illegal immigrants and formerly incarcerated people, Mayor Aja Brown said.

Compton is rolling out a pilot program called the Compton Pledge to distribute recurring cash payments from USD 300 to USD 600 to nearly pre-verified 800 residents over two years starting in late 2020.

”Ensuring all people are able to live with dignity is something we should all strive for in America,” Mayor Brown said in a statement.It is said to be the most extensive city-led guaranteed income program nationwide. According to the city officials, […]

Compton to select 800 low-income residents to receive ‘guaranteed income’ for a 2-year pilot program

Compton to select 800 low-income residents to receive ‘guaranteed income’ for a 2-year pilot program

The mayor of Compton, California, has told the Los Angeles Times that she is launching a pilot program with a local non-profit that will give 800 residents a “guaranteed income” over the next two years.

Compton Mayor Aja Brown told the Times that a non-profit called the Compton Pledge would select 800 low-income residents and distribute a “guaranteed income” to them for the next two years.

According to the Times, the participants will be selected from a “pre-verified” list of low-income families in the area. Over the span of two years, the Compton Pledge plans to provide the families with “at […]

Ep. 35 Facebook Founder, Chris Hughes, Makes the Case for Guaranteed Income

On today’s Catalysts for Change, Jill talks to Chris Hughes, co-founder of Facebook and co-chair of the Economic Security Project. As the Shah Foundation begins to support a new guaranteed income program in Chelsea MA , Chris’s work with the Economic Security Project and focus on guaranteed income is relevant and important to understanding guaranteed income initiatives.

Chris’s work with the Economic Security Project focuses on supporting policies and initiatives for guaranteed income, which provides individuals with a set amount of money. As co-founder of the Economic Security Project, he has led work to rewrite federal and state tax codes […]

What is a defined benefit pension?

What is a defined benefit pension?

Providing a secure and stable income in retirement, defined benefit pensions are considered one of the best types of pension to have

A defined benefit pension plan, also known as a final salary pension, is a type of workplace pension in which the amount you receive in retirement depends on the number of years you have worked for your employer and your final salary.

How much you get is determined by the rules of your pension scheme, rather than investments or the amount you’ve paid in. How does a defined benefit pension work? If you’re lucky enough to have a […]