This Handbook provides an overview of federal laws affecting the elderly and retirement issues. Information discussed includes age discrimination in employment, elder abuse & exploitation, power of attorney & guardianship, Social Security and other retirement and pension plans, Medicare, and much more in 22 pages of materials.
Elder Form For Pension In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-001HB
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Word;
PDF;
Rich Text
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FAQ
Per the U.S. Census in 2021, the median annual household income in Arizona is $65,913, and the average income per capita is $34,644. Based on these median income figures, it is determined that a senior household with an income of less than $52,730 annually will be considered low income.
In general, however, once you turn 55 you start to enter the senior age demographic. By the time you are 65 you reach the most common age for retirement from your job. However, an increasing number of senior citizens are working after 65, so retirement can no longer be a key factor in becoming a senior.
(1) “Qualifying resident” or “senior citizen” means a person 62 years of age or older, or 55 years of age or older in a senior citizen housing development.
At age 55, individuals may become eligible for certain health insurance benefits, such as Medicare in the United States. Medicare provides healthcare coverage for seniors and can help alleviate the financial burden of medical expenses.
Employees may retire at age 60 with 10 or more years of service; age 62 with 5 or more years of service; or when the employee's combined age and credited service equals 87 (referred to as the 'rule of 87'). Your required pension contribution is automatically deducted from each bi-weekly paycheck.
Elder abuse includes acts of any physical, emotional, financial, or sexual mistreatment of an elderly individual. Neglect and abandonment of an elderly person can also be considered elder abuse.
A person between 40 and 49 is called a quadragenarian. A person between 50 and 59 is called a quinquagenarian. A person between 60 and 69 is called a sexagenarian. A person between 70 and 79 is called a septuagenarian. A person between 80 and 89 is called an octogenarian.
This definition aligns with the government defined definition that a senior citizen is one who is at the age 65.
The Arizona Long Term Care System covers a comprehensive array of supportive services for individuals who are aged or disabled. This program pays for nursing home care and community-based alternatives that can help you remain in your own home or in a residential setting of your choice.