Today, AARP announced the winners of the AARP Purpose Prize award. This annual award recognizes extraordinary nonprofit founders age 50 or older who are using their knowledge and life experience to make a difference. AARP will award each Purpose Prize winner $50,000 for their organization.

WASHINGTON—The African Methodist Episcopal Church (AME) and Plaintiffs, represented by attorneys from AARP Foundation, Milberg, Leiff Cabraser, Kantor & Kantor, LLP, Osborne & Francis, and other firms have reached a contingent settlement agreement in the class action lawsuit concerning the misappropriation of retirement funds. The settlement is subject to Court approval. Litigation continues against the remaining defendants, including Newport Group Inc. and Symetra Life Insurance Co.

WASHINGTON—Today, AARP released a new report detailing the savings from an important new protection for our nation’s 56 million Medicare drug plans enrollees. The savings, thanks to a provision in the 2022 Inflation Reduction Act that AARP championed, will cap out-of-pocket prescription drug costs every year, beginning at $2,000 in January 2025. The report analyzes the number of enrollees that will benefit from the cap by state, age, gender, and race between 2025 and 2029. The findings indicate that Medicare drug plan enrollees who reach the new out-of-pocket cap will see average savings of roughly $1,100, or 56%, in 2025 for their prescription drugs.

Annapolis, Maryland—Today, AARP Maryland released a 2024 statewide election survey, revealing that candidates for president, U.S. Senate, and state races should pay close attention to Marylanders ages 50 and older. Maryland residents ages 50 and older make up an outsized portion of the electorate: in the 2020 elections, older voters accounted for 53% of all Maryland voters and in the 2022 mid-terms, they made up 62% of the state’s voters. Eighty-seven percent of voters ages 50 and older say they are “extremely motivated” to cast a ballot in November, compared with 70% of voters ages 18-49 saying the same.

LANSING, Mich.—Today, AARP Michigan released a 2024 statewide election survey, finding that candidates should pay close attention to Michiganders ages 50 and older, who make up an outsized portion of the electorate. In the 2020 elections, older voters accounted for 55% of all Michigan voters and in the 2022 mid-terms, they made up 60% of the state’s voters. Eighty-eight percent of voters ages 50 and older say they are “extremely motivated” to cast a ballot in November, 12 points higher than the 76% of voters ages 18-49 who say the same.