queenschamber.org THIS IS QUEENSBOROUGH JDRF AND THE QUEENS COMMUNITY On Sunday, October 23rd 2016, 2,000 people laced up their sneakers to show their support at the annual Queens JDRF One Walk at Flushing Meadows-Corona Park. Families, friends, local sponsors and supporters came out for a fun and successful day, raising over $286,000 towards funding research to help cure, treat and prevent Type One diabetes (T1D). “JDRF has been there since my son Will’s diagnosis at age 6. Our family eagerly created a walk team where all of our friends and family come out every year to support and raise funds for such an important cause. Walk day is our family’s favorite day of the year, always being able to walk away feeling inspired by the thousands of others affected by T1D in the community.” ~ Annette, Team Captain This year, JDRF formed a strong partnership 6 with Queens College. Seventyfive students from Queens College volunteered their time taking on various tasks throughout the day. Following the Queens JDRF One Walk, select students have been asked to take part in our internship program for the spring semester along with forming an official JDRF club on campus to help raise money and awareness for Type One diabetes. JDRF continues to maintain a presence within the Queens community by holding monthly support groups and meet-ups at various locations. Those affected by T1D come together to share their experiences with the day to day burden of living with Type One diabetes. These support groups have been shown to be extremely successful, providing support and building a T1D community in Queens. JDRF looks forward to continuing this initiative in the upcoming New Year! WHAT IS TYPE ONE DIABETES? Type One diabetes is a chronic, life-threatening autoimmune disease that strikes children and adults at any age. Its onset is sudden and is not related to diet or lifestyle. In T1D, the body's immune system destroys cells in the pancreas that produce insulin, meaning the body produces little to no insulin to regulate blood sugar and get energy from food. T1D requires rigorous 24/7 monitoring of blood glucose levels—even overnight— to avoid potentially lethal highs and lows in blood sugar, as well as other devastating complications such as kidney, eye and nerve diseases. DID YOU KNOW? Half of the 40,000 new people diagnosed each year in the US are youth (under 20 years old) and about half are adults (20 years old and above). Given current growth rates, it is estimated that 5 million people in the U.S. will have T1D by 2050, including nearly 600,000 youths. ABOUT JDRF JDRF is the leading global organization funding Type One diabetes (T1D) research. Our mission is to accelerate life-changing breakthroughs to cure, prevent and treat T1D and its complications. To accomplish this, JDRF has invested nearly $2 billion since our inception. We are an organization built on a grassroots model of people connecting in their local communities, collaborating regionally for efficiency and broader fundraising impact, and uniting on a national stage to pool resources, passion, and energy. We collaborate with academic institutions, policymakers, and corporate and industry partners to develop and deliver a pipeline of innovative therapies to people living with T1D. Our staff and volunteers in the JDRF New York City Chapter and in more than 100 locations throughout the United States and our six international affiliates are dedicated to advocacy, community engagement and our vision of a world without T1D. CONNECT WITH JDRF Looking to connect with JDRF or make a donation to support JDRF’s vital research initiatives? Contact us! www.Walk.jdrf.org/queens [email protected] (212)-689-2860 www.jdrf.org/newyork Facebook: www.facebook.com/JDRFnyc/ Instagram: @jdrf_nyc Twitter:@JDRFnyc Whatever Happened to the “Th ree-Legged Stool” of Retirement? Have you ever heard of the ‘threelegged stool’ of retirement? If you have, it’s probably been a while. Once considered the ideal retirement model, the three-legged stool has fallen out of favor because two of the three legs—Social Security and defined benefit pensions— are not as stable as they once were. Consider the following: • In 2015, Social Security benefits replace just 40% of the average worker’s salary.1 What’s more, the Social Security trust fund is expected to deplete its reserves by 2034, and will be able only to fund approximately 75% of benefits after that.2 • According to the Bureau of Labor Statistics, just 18% of private sector workers have a defined benefit pension, 3 thereby eliminating a guaranteed source of lifetime income. Fortunately, there are ways to reinforce the third leg of the stool—retirement savings and other personal assets— so that you can still enjoy a long and fulfilling retirement. Here are two proven funding sources you may want to consider if you need to compensate for any shortcomings: • With people living longer than ever, it’s important to make sure the money you have set aside will last the rest of your life. While Social Security provides a lifetime supply of income, it may not be enough to support your desired lifestyle. If you think you’ll need additional income and do not have a pension, a lifetime income annuity can be an excellent way to make up the difference. • Although the primary purpose of life insurance is to deliver death benefit protection, many permanent life policies accumulate cash value. If your need for protection decreases over time, you can borrow against this cash value—tax-free in most cases—and use the money to supplement your retirement lifestyle.4 While the three-legged stool of retirement may be a bit wobbly, the good news is a secure future is still within reach. The main difference these days is that you will most likely have to build it yourself. This educational third-party article is provided as a courtesy by James J Varriale, Partner, New York Life Insurance Company. To learn more about the information or topics discussed, please contact James J Varriale at jjvarriale@ ft.newyorklife.com. 1 Center on Budget and Policy Priori�� es, “Policy Basics: Top Ten Facts about Social Security,” August 13, 2015 @ h�� p://www. cbpp.org/research/social-security/policy-basics top-ten-facts-about-social-security 2 U.S. Department of the Treasury, “Fact Sheet: Social Security and Medicare Trustees Report,” July 22, 2015 @ h�� p://www.treasury. gov/press-center/press-releases/Pages/ jl0127.aspx 3 Economic Policy Ins�� tute, “Private-Sector Pension Coverage Fell by Half over Two Decades,” January 11, 2013 @ h�� p://www. epi.org/blog/private-sector-pension-coverage decline/ 4 Loans against your policy accrue interest and decrease the death benefi t and cash value by the amount of the outstanding loan and interest.
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