The authors make the case that employers and benefits professionals have a responsibility to make the system work better.

The Department of Labor has withdrawn its proposal to eliminate what it referred to as a “redundant” safe harbor rule that provides a standard for fiduciaries in selecting annuity providers.

In September, Senate Minority Leader Chuck Schumer will introduce the Keep Billionaires out of Social Security Act, targeting President Trump’s DOGE cuts to the SSA, to help “reduce wait times and improve access” for seniors, he said.