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The recent cyberattack that compromised data at more than 600 organizations worldwide highlights the need for plan sponsors to become cybersecurity specialists to protect employee data and assets (or lean on expert advice).

Acting commissioner Kilolo Kijakazi testified at a congressional hearing on Wednesday at which House members faulted SSA for issuing billions of dollars of overpayments, then demanding that beneficiaries pay the funds back.

Starting in January, the average monthly Social Security check for retired workers will go up $59 – a much smaller cost-of-living adjustment than last year's record 8.7% hike, reflecting a slowdown in inflation.

The federal agency announced Wednesday that it will review its "overpayment" process, after it was reported that it clawed back $4.7 billion of overpayments, while another $21.6 billion remains outstanding.

Organizations are increasingly incorporating AI, ML, and automation into open enrollment.

"Prolonged investigations" create "tremendous strain on retirement plan sponsors" and negatively impact retirement savers, wrote House Republicans in a letter sent to Acting Secretary of Labor Julie Su.

The House and Senate have until Saturday, Sept. 30 to pass a spending deal, which means congressional gridlock is poised to at least temporarily shut down certain health programs, like the drug price negotiations set to begin Oct. 1.

A record-high 61% also say unions help rather than hurt the U.S. economy, eclipsing the prior high from 1999 by six points.