Compliance | February 28th, 2024 Julie Su’s Nomination for Secretary of Labor Passes Senate Committee The vote was held in a closed session and advanced by a party-line vote; meanwhile, the Senate committee chaired by...
Administration | February 7th, 2024 How Sponsors Can Get the Most out of DC Plan Design Changes Annuities may be a hot topic, but sponsors can add the most value to plans by incorporating features like auto-enrollment...
Data and Research | January 3rd, 2024 Social Security Bridging: A Low-Hanging Strategy for Plan Sponsors, Participants? Delaying the collection of Social Security and using a bridging strategy to fill in the income gap is an effective...
Administration | December 19th, 2023 Martin O’Malley Approved as Social Security Commissioner The former governor of Maryland takes his first major non-elected role as the SSA faces a ‘customer service crisis.’
Data and Research | December 13th, 2023 Gen Xers Still Falling Short of Retirement Savings Expectations While Gen Xers expect to need more than $1 million to comfortably retire, the majority of pre-retirees believe they will...
Compliance | December 1st, 2023 How to Encourage Collecting Social Security at 70 A report from the New School outlines some policy options to encourage later collection.
Administration | December 1st, 2023 DOL Reminds Plan Sponsors, Participants to Search for Missed Retirement Assets The Employee Benefits Security Administration released a video to remind plan sponsors about the importance of participants completing the Social...
Benefits | October 31st, 2023 Congress Must Act Soon to Save Social Security, Actuaries Say The American Academy of Actuaries recommended that tax increases and benefits reductions should be phased in gradually to address Social...
Benefits | October 26th, 2023 Despite Savings Shortfall for Public Sector Workers, Automatic Options Yet to Catch On Research from the MissionSquare Research Institute shows that with defined benefit pensions not providing enough for full retirement, plan design...
Administration | October 20th, 2023 Fed’s Bostic Addresses Wealth Inequality, Inflation at New School Lecture The president and CEO of the Fed’s Atlanta branch said monetary policy is limited in its ability to reduce wealth...
Benefits | October 17th, 2023 COLA Announcement Prompts Call for Better Inflation Protection Some industry experts suggest another inflation measure could better reflect costs for older Americans.
Administration | October 12th, 2023 Social Security COLA Announced as 3.2% for 2024 Monthly Social Security checks will increase about $59, a lower increase than in recent years but still larger than the...
Data and Research | October 4th, 2023 Social Security Will Not Provide Sufficient Retirement Income for Low-Wage Workers Low-income workers can delay retirement, liquidate home equity and utilize a workplace retirement plan to improve their retirement readiness, new...
Compliance | October 2nd, 2023 Retirement Contribution Limits, COLA Stay on Track With Continuing Resolution The DC contribution limit was projected to be $23,000 for 2024, and the IRS should stay on track in implementing...
Benefits | September 28th, 2023 Social Security Administration Cannot Calculate 2024 COLA if Government Shuts Down The Bureau of Labor Statistics, which would shut down completely, produces the data necessary to update the COLA.
Benefits | September 25th, 2023 COLA Projection at 3.2% as Inflation Cools Retirees should expect a COLA of 3.2% for 2024, according to the Senior Citizens League.
Deals and People | September 22nd, 2023 Retirement Industry People Moves Toland leaves TIAA to start annuity consultancy; Bryn Mawr Trust selects director of private wealth management; and First Eagle Investments...
Compliance | September 21st, 2023 Democrats Introduce Bill to Protect Social Security Benefits From Student Loan Garnishment Student loan payments are set to restart in October, and some collecting Social Security could soon see their benefits garnished.
Benefits | September 13th, 2023 Inequality Worse for Social Security Than Low Birthrates, Chief Actuary Says Stephen Goss said that income growth beyond the wage cap on payroll taxes was not anticipated during the reforms of...
Data and Research | September 13th, 2023 US Drops to 20th in Natixis Global Retirement Index Despite improvements in employment and income inequality, the U.S. slipped in the ranking, as high inflation and public debt caused...