Retirees this year received a record-high 8.7% cost-of-living adjustment in their Social Security benefits – the largest increase in four decades – however, next year may be less than half that percentage due to inflation, according to a new estimate by The Senior Citizens League, a nonpartisan advocacy group.
For more about what this means for you and your retirees, click here to read the full article from ALM | Benefits Pro.
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