Browsed by
Category: Uncategorized

Higher Social Security payments coming for millions of people from bill that Biden signed

Higher Social Security payments coming for millions of people from bill that Biden signed

By FATIMA HUSSEIN

WASHINGTON (AP) — President Joe Biden on Sunday signed into law a measure that boosts Social Security payments for current and former public employees, affecting nearly 3 million people who receive pensions from their time as teachers, firefighters, police officers and in other public service jobs.

Advocates say the Social Security Fairness Act rights a decades-old disparity, though it will also put strain on Social Security Trust Funds, which face a looming insolvency crisis.

The bill rescinds two provisions — the Windfall Elimination Provision and the Government Pension Offset — that limit Social Security benefits for recipients if they get retirement payments from other sources, including public retirement programs from a state or local government.

“The bill I’m signing today is about a simple proposition: Americans who have worked hard all their life to earn an honest living should be able to retire with economic security and dignity — that’s the entire purpose of the Social Security system,” Biden said during a signing ceremony in the White House East Room. read more

Give Kids the World set to replace CEO Pamela Landwirth

Give Kids the World set to replace CEO Pamela Landwirth

Give Kids the World is replacing CEO Pamela Landwirth, the nonprofit organization has announced. She has been leader of the group since 1995.

“Words cannot fully express our gratitude to Pamela for her leadership over these past 30 years,” GKTW Chairman John Nichols said in a news release.

The organization’s mission centers on providing terminally ill children and their families with free vacations based out of Give Kids the World Village in Kissimmee. It was founded by Henri Landwirth, who died in 2018 and was the former husband of Pamela Landwirth.

“Pamela has made an indelible impact on the Village as she carried Henri’s vision forward,” Nichols said.

The organization’s board of directors named Jordan Lomas, who joined the board last year, as interim CEO. He had a 17-year career with Darden Restaurants, where he was senior vice president of information technology. He will lead the executive search process.

“Our succession plan is designed to not only maintain the continuity of the Village’s operations, but to also identify an individual who will exceed expectations in service to our most important stakeholders — the children and families who rely on GKTW for a sense of hope and to experience the joy of a dream vacation together,” Nichols said. read more

Saving money for your grandchildren: Best ways to get started now

Saving money for your grandchildren: Best ways to get started now

René Bennett | (TNS) Bankrate.com

Saving for your grandchildren can help to minimize the financial burdens they may encounter as they mature. Whether it’s paying for college, buying a first home or providing a safety net in an uncertain job market, these funds can make a significant difference.

Home insurance costs in Florida spiked in third quarter. Are more increases on the way?

Home insurance costs in Florida spiked in third quarter. Are more increases on the way?

Those stabilized home insurance costs that industry leaders and state insurance regulators touted over most of 2024?

It looks like premiums might be heading up again.

That’s what a South Florida Sun Sentinel analysis of insurance market share data from the third quarter of 2024 shows.

The statewide average premium paid for an all-perils single-family home policy in Florida increased by 3.1% between the second and third quarters, the data shows. That follows two straight quarters that saw increases of 1.3%, a reduced rate that experts attributed to a decrease in lawsuits, a mild 2023 hurricane season and lower hikes in the cost of reinsurance.

In 2022, Florida’s Legislature required that insurers release the statewide data to the public as part of a series of insurance reforms that imposed restrictions on what insurers described as runaway litigation. Prior to the mid-2010s, county-level data was publicly available through the Office of Insurance Regulation until State Farm Florida won a lawsuit that sought to shield it as a “trade secret.” read more

New rocket, new spacecraft and new moon landers on tap for 2025

New rocket, new spacecraft and new moon landers on tap for 2025

The Space Coast is set for another busy year in 2025 with new moon missions, new spacecraft and the debut of a new rocket.

Meanwhile, NASA could see billionaire Jared Isaacman confirmed as its new administrator while prep continues for the Artemis II human spaceflight to orbit the moon in 2026.

Coming off a record 93 launches in 2024 among pads at Kennedy Space Center and Cape Canaveral Space Force Station, the Space Coast launch total in 2025 could climb past 100 with the continued frenetic pace set by SpaceX, an increase from United Launch Alliance and the debut of Blue Origin’s New Glenn rocket.

Space Launch Delta 45 supported 93 launches from the Space Coast with 1,389 orbital assets in 2024. (Handout/U.S. Space Command)
Space Launch Delta 45 supported 93 launches from the Space Coast with 1,389 orbital assets in 2024. (Handout/U.S. Space Command)

Among the missions are at least four human spaceflights, including one with a new SpaceX Crew Dragon, three commercial lunar landers and the debut of Sierra Space’s Dream Chaser spacecraft on a cargo mission to the International Space Station.

Here’s a rundown of the top space stories coming in 2025:

Blue Origin tested out its crane operations at Port Canaveral for New Glenn rocket recovery Aug. 8, 2024. (Courtesy/John Kraus for Blue Origin)
Blue Origin tested out its crane operations at Port Canaveral for New Glenn rocket recovery Aug. 8, 2024. (Courtesy/John Kraus for Blue Origin)

A new rocket: Jeff Bezos’ game of catchup to Elon Musk could get a big push with the debut launch of Blue Origin’s heavy-lift New Glenn rocket. The first launch could come soon with the Federal Aviation Administration approving its license at the end of 2024. read more