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The SSA has demanded money back for overpayments from more than 2 million people a year — twice as many people as acting commissioner Kilolo Kijakazi disclosed at an October congressional hearing.

The Senate Finance Committee, which oversees Social Security, plans to meet with the agency every month to address SSA's attempt to claw back $21.6 billion in overpayments sent to beneficiaries in error.

The reality is that AI is here to stay, and as it gains traction in all areas of modern life, benefits advisors, HR professionals and employees alike will demand the kind of ultra-personalized experiences the technology delivers.

After denying a request by financial groups to extend the public comment period for the new proposed rule, the DOL is now giving stakeholders a chance to make their case at a virtual hearing on Dec. 13 and 14.

In benefits we're already seeing AI drive benefits engagement and activation while helping employees make right-fit choices for their physical, mental, and financial wellbeing.

Plan sponsors and advisors could face heightened scrutiny under the proposed fiduciary rule, however, they can learn more about the new regulation at a virtual public hearing next week or file public comments by Jan. 2, 2024.

PEPs are a compelling option for employers and advisors seeking efficient, cost-effective recordkeeping solutions – and by entering a PEP, the employer reduces its fiduciary responsibilities.

Members of a Senate panel that oversees Social Security sent a letter to the agency's acting commissioner, urging her to do more to prevent overpayments and "limit harm to vulnerable beneficiaries" when trying to recover money.