Tag: guaranteed income

Senator Cortese Celebrates Advancement of Four Crucial Bills Standing Up for California Students

Senator Cortese Celebrates Advancement of Four Crucial Bills Standing Up for California Students

Sacramento, CA – Today, Senator Dave Cortese (D-San Jose) is proud to announce the passage of four significant pieces of his legislation through the Assembly Education Committee: SB 333, SB 483, SB 956, and SB 1445. These bills stand up for California’s students and address critical issues affecting some of California’s most vulnerable populations.

SB 333: California SOAR (Success, Opportunity, & Academic Resilience) Guaranteed Income Program

Every year, thousands of homeless high school seniors in California face insurmountable challenges as they transition into adulthood. SB 333 aims to break this cycle of hardship by establishing the California SOAR Guaranteed […]

The federal government’s new plan to (maybe) give renters straight cash

The federal government’s new plan to (maybe) give renters straight cash

Rachel M. Cohen is a senior reporter for Vox covering social policy. She focuses on housing, schools, homelessness, child care, and abortion rights, and has been reporting on these issues for more than a decade.

DETROIT — The federal government is laying the groundwork for a potentially major change to the nation’s largest rental assistance program, aiming to test an idea that would allow low-income tenants to pay rent directly with cash, rather than use traditional housing vouchers.

On Wednesday afternoon in Detroit, at a national guaranteed income conference , HUD Deputy Assistant Secretary for Policy Development Brian McCabe announced that […]

Pramerica Life Unveils Flexi Income Plan, Enhancing Financial Security for Indians

Pramerica Life Unveils Flexi Income Plan, Enhancing Financial Security for Indians

The plan offers an option to accrue guaranteed Income & earn incremental interest*

Early Income option from as soon as next month of the policy inception**

Pramerica Life Insurance , one of the fastest growing life insurers in India, today announced the launch of its latest offering, the Pramerica Life Flexi Income Plan. This is a Non-Linked Non-Participating Individual Life Insurance Savings Plan designed to help policyholders achieve their financial goals with certainty and flexibility. Flexi Income Planâ The introduction of the Pramerica Life Flexi Income Plan is a significant step under Pramerica 2.0, the current […]

ICYMI: Here’s What People Are Saying About Rep. Schiff’s Innovative “Guaranteed Additional Income for Families in Need” (GAIN) Act

ICYMI: Here’s What People Are Saying About Rep. Schiff’s Innovative “Guaranteed Additional Income for Families in Need” (GAIN) Act

June 12, 2024

Washington, D.C.— This week, Representative Adam Schiff (D-Calif.) and Bonnie Watson Coleman (D-N.J.) introduced the Guaranteed Additional Income for Families in Need (GAIN) Act , which would provide low income families with regular cash payments, providing financial security and improving adverse health outcomes associated with income volatility. Schiff’s innovative bill has received wide coverage for its forward thinking ideas on guaranteed income and cost savings on healthcare.

See some of the coverage of Schiff’s GAIN Act below: ABC 7: Panel Discusses Rep. Schiff’s New Guaranteed Income Proposal “Yeah, I think it’s a good idea. […]

Pramerica Life Unveils Flexi Income Plan Enhancing Financial Security for Indians

Gurugram, Haryana, India (NewsVoir)

• The plan offers an option to accrue guaranteed Income & earn incremental interest

• Early Income option from as soon as next month of the policy inception *Pramerica Life Insurance, one of the fastest growing life insurers in India, today announced the launch of its latest offering, the Pramerica Life Flexi Income Plan. This is a Non-Linked Non-Participating Individual Life Insurance Savings Plan designed to help policyholders achieve their financial goals with certainty and flexibility.The introduction of the Pramerica Life Flexi Income Plan is a significant step under Pramerica 2.0, the current phase […]

What is universal basic income and who can apply for it in the United States?

What is universal basic income and who can apply for it in the United States?

FINANCE What you need to know about Universal Basic Income and where these programs are being tested in the United States. Would you be eligible to participate?

Maite Knorr-Evans maiteknorrevans What you need to know about Universal Basic Income and where these programs are being tested in the United States. Would you be eligible to participate? Universal basic income (UBI) is an economic concept that holds the potential to provide a safety net for all members of a community or society. It ensures that everyone has an amount of money they could reasonably live on, with any additional […]

Update on new stimulus payments: $500 per month for 1.5 years confirmed

Update on new stimulus payments: $500 per month for 1.5 years confirmed

Stimulus payments There are new stimulus payments for eligible residents in the city of Pomona, who will receive $500 per month for a year and a half. Los Angeles County has approved the stimulus check, which will provide a total of $9,000 to residents who meet program qualifications. The City of Pomona, California, is accepting applications from June 17 through July 8 for its pilot program, the Pomona HUG (Universal Household Grant). As part of the project, UCLA is conducting research to determine how program participants are impacted by income-based grants. The Conrad N. Hilton Foundation is providing funding […]

Thousands of Americans to Get $500 Monthly Payments Under New Plan

Thousands of Americans to Get $500 Monthly Payments Under New Plan

Americans could earn $500 no-strings-attached monthly payments if a new proposal makes its way through Congress .

Democratic Representatives Adam Schiff of California and Bonnie Watson Coleman of New Jersey proposed the Guaranteed Additional Income for Families in Need (GAIN) Act, which would offer the $500 monthly checks for five years to select low-income Americans.

Read more: Rates Are Still High for These High-Yield Savings Accounts To qualify, you’d need to be on Medicaid but could then use the guaranteed income on anything you choose, no strings attached. Representative Adam Schiff attends the 2024 WeHo Pride Parade on June […]

Americans can get free money from new ‘permanent’ fund worth $1,655 – but you must live in a specific state to qualify

Americans can get free money from new ‘permanent’ fund worth $1,655 – but you must live in a specific state to qualify

A YEARLY payment has rolled back around for all residents of one state.

This year, the checks are worth $1,655. Big checks are coming this yearCredit: Getty Alaska has approved an annual payment to all residents as part of its Permanent Fund Dividend (PFD).

Since 1982, The Last Frontier has provided its citizens with a universal no-strings-attached windfall every year.The money comes from the oil and mining revenues of the state-owned Alaska Permanent Fund Corporation.It is written into the Alaskan constitution that residents shall receive their payout every year. While the amount fluctuates year to year, lawmakers have settled on approximately […]

DC plan sponsors are turning their attention to retirement income

DC plan sponsors are turning their attention to retirement income

Plan sponsors are increasingly focusing on retirement income solutions for their clients, according to a new survey by Pimco.

The bond giant’s 18th Annual Defined Contribution Consulting Study, which polled 28 consultants and advisory firms managing over $5 billion in defined contribution assets, revealed that nearly 90 percent of large institutional consultants consider income generation during retirement their top priority. This marks a 21 percent increase from the previous year.

Pimco’s new survey , which highlights the growing importance of income solutions as plan participants’ demographics evolve, polled firms serving more than 15,000 clients, capturing a wide range of industry […]