Tag: guaranteed income

Atlanta’s Georgia Resilience and Opportunity Fund Proved To Be Successful For Black Mothers, New Report Finds

Atlanta’s Georgia Resilience and Opportunity Fund Proved To Be Successful For Black Mothers, New Report Finds

Woods, Shamarra, Gro Fund, Black mothers, income, Georgia Resilience and Opportunity Fund, Atlanta In Atlanta, the Georgia Resilience and Opportunity Fund (GRO) runs the In Her Hands program, offering young Black women monthly stipends averaging $850. This initiative forms part of a wider array of guaranteed income programs across the country, aiming to alleviate financial strain and meet basic needs.

Introduced in 2022, the program is extending payments to 650 women over two years. Its inception took place in Atlanta’s Old Fourth Ward, a community deeply intertwined with the legacy of Martin Luther King, Jr., who advocated for basic income […]

Hochul must reject pension busting

Hochul must reject pension busting

Governor Kathy Hochul (Susan Watts/Office of Governor Kathy Hochul) Gov. Hochul faces a challenge that will define her legacy as the state’s executive. To succeed, she must do absolutely nothing.

State government, municipalities and school districts give their retirees a taxpayer-guaranteed income. These sorts of pensions are increasingly rare in the private sector, in part because employers must pay more when investments don’t generate enough returns. That’s what happened in New York: taxpayers went from paying less than $1 billion into pension plans in 2000 to nearly $10 billion in 2010.

In response, governors and state lawmakers enacted two rounds of […]

Capitol Briefs: Advocates Push For Guaranteed Income, Child Care Assistance

Capitol Briefs: Advocates Push For Guaranteed Income, Child Care Assistance

Henry News Republican The Illinois Supreme Court on Wednesday agreed to hear the case of actor Jussie Smollett, who was convicted for staging a hate crime against him in 2019 in a case that drew criticism for Cook County’s top prosecutor.

Smollett made what turned out to be a false police report alleging that he’d been violently attacked by two men in downtown Chicago. The men punched him and allegedly yelled homophobic slurs, put a noose around his neck and told Smollett, “This is MAGA country,” a reference to President Donald Trump’s “Make America Great Again” slogan. A month later, […]

Guaranteed Income

Guaranteed Income

SVGIP Header 20230321 – Destination: Home Destination: Home is proudly working with a coalition of partners on the Silicon Valley Guaranteed Income Project !

The Silicon Valley Guaranteed Income Project is a 2-year project designed to help participants achieve housing stability as well as greater independence over their lives, finances, and future.

150 Santa Clara County families who are experiencing or at risk of homelessness will receive $1,000/month in no-strings-attached income for 24 months. SVGIP 1080×500 20221130 – Destination: Home This unconditional income is meant to give families the flexibility to decide how best to meet their needs – and participants […]

Tax hikes, new taxes floated as guaranteed income programs seek new funding

Like many municipalities, the city of Alameda, California, found itself flush with revenues and had a record $212.86 million in 2023, according to city documents , a 10% increase from its pre-pandemic funding level in 2019 when adjusted for inflation.

Part of the reason for the record-level revenues was that the city received federal money from the American Rescue Plan Act (ARPA). In the summer of 2023, the city took $4.6 million of its ARPA money to set up a guaranteed income program for 150 people who received $1,000 monthly with no strings attached.

There are an estimated 200 guaranteed income […]

Minnesota lawmakers mull basic income pilot program sending $500 monthly payments to low-income families

Minnesota lawmakers mull basic income pilot program sending $500 monthly payments to low-income families

ST. PAUL, Minn. — Minnesota Democrats are considering launching a basic income pilot program that would send $500 monthly payments to low-income families — no strings attached.

It mirrors a project in the city of St. Paul during the pandemic that gave the same extra cash boost to 150 randomly selected families whose income was at or below 300% of the federal poverty line. A study by researchers at the University of Pennsylvania found participants in the program improved their financial stability and savings and the number of people employed increased by 14%, even after payments expired.

"This program would serve […]

Basic Income: Why It Is Fair and How It Is Financed

Basic Income: Why It Is Fair and How It Is Financed

Basic Income: Why It Is Fair and How It Is Financed Basic Income: Why It Is Fair and How It Is Financed Basic Income: Why It Is Fair and How It Is Financed Basic Income: Why It Is Fair and How It Is Financed Basic Income: Why It Is Fair and How It Is Financed Basic Income: Why It Is Fair and How It Is Financed The basic income proposal has been activated – a public, individual, unconditional and universal monetary allowance. If 30 years ago it was a largely unknown proposal and there was little written material, today […]

Lincoln adds new PEPs to its group retirement shelf

Lincoln adds new PEPs to its group retirement shelf

small business Lincoln Financial Group is beefing up its shelf of retirement plan offerings with two new solutions, one for businesses and the other for not-for-profit organizations.

Named FlexPEP(k) and FlexPEP(b), the company’s newest pooled employer plans cater to 401(k) and 403(b) plans, respectively, and are part of Lincoln’s effort to meet employers’ evolving needs for retirement benefits.

Positioned to streamline retirement plan administration, reduce costs, and improve fiduciary oversight for employers, these solutions emerge as Lincoln Financial seeks to broaden the understanding and uptake of PEPs among its clients.“We’re seeing an uptick in the adoption of group plan solutions,” Matt […]

New direct stimulus check payment: receive $500 monthly for 1.5 years

New direct stimulus check payment: receive $500 monthly for 1.5 years

Stimulus checks There is a new direct stimulus check payment for residents in Texas starting this month. Thanks to the Uplift Harris guaranteed income pilot, eligible Texan households will receive up to $500 in monthly payments for one and a half years. This guaranteed income is intended to provide around 2,000 households with extra money for those who are most in need.

Following the COVID-19 outbreak, many states in the US are still giving their citizens stimulus checks and financial aid. The goal of these stimulus payments is to help low-income households that are suffering from high inflation and a […]

NS&I releases 4.15% British Savings Bonds: What’s the verdict?

NS&I releases 4.15% British Savings Bonds: What’s the verdict?

National Savings and Investments (NS&I) has launched its British Savings Bonds today, priced at 4.15% gross/AER.

The three-year fixed rate is available with the ‘Guaranteed Growth Bond’ and a lesser rate of 4.07% gross (4.15% AER) is on offer with the ‘Guaranteed Income Bond’.

The bonds are designed to be held for the full term, so you cannot exit or withdraw from the account earlier than the three-year period agreed.Both accounts require at least a £500 investment to open and a maximum of £1m, but the ‘Guaranteed Income Bond’ allows the interest you accrued to be paid out monthly.To […]