Based on the latest consumer price data released Aug. 10, The Senior Citizens League (TSCL) estimates that the Social Security cost of living adjustment (COLA) for 2024 is looking increasingly like it may be around 3%.   Overall, the rate of inflation in July is significantly lower than a year ago... READ MORE

To attract and retain talent in a tight labor market while helping employees address sky-rocketing costs, a new study finds that U.S. employers are pursuing innovative new ways to improve their employee benefit plans.   One such option, according to the Goldman Sachs Ayco 2023 Benefits &... READ MORE

Legislation to encourage retirement savings by fostering the growth of S corporations that are owned by Employee Stock Ownership Plans (S-ESOP) has been introduced in both the House and Senate. Sen. Ben Cardin (D-Md.), Chair of the Senate Small Business Committee and a senior member of the Senate... READ MORE

After having been paused at the start of the COVID pandemic, federal student loan repayments are set to resume later this year, forcing many to consider cutting back on spending and saving for retirement.   That apparently is the reality now faced by nearly 44 million federal student loan... READ MORE

The differences between low-income and high-income older workers’ retirement accounts were greater in 2019 than in 2007, according to a new analysis by the Government Accountability Office (GAO). Known as Congress’ investigative arm, GAO’s analysis of Survey of Consumer Finances (SCF) data on... READ MORE

To better support retirement savers, Vanguard and the Retirement Clearinghouse (RCH) announced that they are expanding their relationship to include services to individual retirement account (IRA) holders. According to the announcement, the expanded collaboration by the two firms will help... READ MORE

Managed account assets are expected to grow to nearly $16 trillion by 2026, exceeding 13% annual growth over the next four years, but a new report suggests that, as sponsors balance growth in fee-based programs with portfolio oversight, the question of maintaining rep-as-portfolio-manager (RPM)... READ MORE

A markup by the House Financial Services Committee that started with numerous delaying tactics and accusations from each party that the other wasn’t acting in good faith ended more than 12 hours later with the approval of several bills—mostly along partisan lines.   “Today, this Committee is being... READ MORE

Speaking July 25 at the 2023 NAPA D.C. Fly-In Forum, the Principal Deputy Assistant Secretary for the DOL’s Employee Benefits Security Administration (EBSA) shared with delegates the key priorities of the department, including new guidance on SECURE 2.0, an update to the fiduciary rule, and... READ MORE