Discover 9 Surprising Insights About Social Security for Teledyne Technologies Employees That Could Transform Your Retirement Planning

Healthcare Provider Update: Healthcare Provider for Teledyne Technologies Teledyne Technologies does not have a singular healthcare provider, as it offers a variety of health insurance options through multiple insurers for its employees. The specific options available can depend on the location and the insurance marketplace focus utilized by the company. Employees typically select from plans that address their particular health needs and preferences. Potential Healthcare Cost Increases for Teledyne Technologies in 2026 As healthcare costs continue to escalate, Teledyne Technologies employees and retirees may bristle under the weight of anticipated premium hikes in 2026. With the potential expiration of federal premium subsidies from the Affordable Care Act (ACA), some enrollees could see monthly premiums soar by over 75%. This dramatic uptick is compounded by an industry-wide trend of rising medical costs and significant rate increases from large insurers. Employees must strategically prepare for these potential disruptions by reviewing their healthcare plans and opting for services ahead of time, to mitigate the financial burden in the event of steep pricing changes. Click here to learn more

Social Security’s been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know? If you work for Teledyne Technologies, here are nine things that might surprise you.

1. The Social Security trust fund is huge. At $2.9 trillion at the end of 2018, it exceeds the gross domestic product (GDP) of every economy in the world except the ten largest: China, the European Union, the United States, India, Japan, Germany, Russia, Indonesia, Brazil, and The United Kingdom.
2. Most workers including those at Teledyne Technologies are eligible for Social Security benefits, but not all. For example, until 1984, federal government employees were part of the Civil Service Retirement System and were not covered by Social Security.
3. As an employee of Teledyne Technologiesk, you don’t have to work long to be eligible. If you were born in 1929 or later, you need to work for 10 or more years to be eligible for benefits.
4. Benefits are based on an individual’s average earnings during a lifetime of work under the Social Security system. The calculation is based on the 35 highest years of earnings. If an individual has years of low earnings or no earnings, Social Security may count those years to bring the total years to 35.
5. Those at Teledyne Technologies may also want to consider how there hasn't always been cost-of-living adjustments (COLA) in Social Security benefits. Before 1975, increasing benefits required an act of Congress; now increases happen automatically, based on the Consumer Price Index. There was a COLA increase of 2.9% in 2019, but there was only an increase of 2% in 2018.
6. Social Security is a major source of retirement income for 67% of current retirees, including those at Teledyne Technologies.
7. Social Security benefits are subject to federal income taxes — but it wasn’t always that way. In 1983, Amendments to the Social Security Act made benefits taxable, starting with the 1984 tax year.
8. Social Security recipients received a single lump-sum payment from 1937 until 1940. One-time payments were considered “payback” to those people who contributed to the program. Social Security administrators believed these people would not participate long enough to be vested for monthly benefits.

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9. In January 1937, Earnest Ackerman became the first person in the U.S. to receive a Social Security benefit—a lump sum of 17 cents.

1. Social Security Administration, 2018; CIA World Factbook, 2018
2-5, 7-9. Social Security Administration, 2019
6. Employee Benefit Research Institute, 2018