"The Social Security Administration recently announced an 8.7 percent cost of living adjustment for retirees, the largest inflation adjustment to benefits in four decades a welcome development for millions of older Americans struggling to keep up with fast-rising living costs.
With such turbulent cost-of-living adjustments (COLA), it's critical for employers and HR departments to ensure effective financial well-being benefits for their employees to put them on the right path for retirement. Demonstrating this support for your workforce goes a long way to building a strong brand and attracting top candidates.
Envisioning the retirement years can be a challenge for those who have spent their life working. With healthcare costs and inflation skyrocketing, many retirees are cutting back on certain costs altogether. How can organizations build an effective financial well-being program that goes beyond retirement planning and incorporates options for healthcare cost planning, budgeting, debt management, and holistic workplace wellness initiatives? Read the October edition of Employee Benefits & Wellness Excellence to learn that and more.
