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IRS boosts health savings account contribution limits for 2025

HRExecutive

Advertisement - The Internal Revenue Service recently announced that for the calendar year 2025, the health savings account contribution limits for individuals with self-only coverage will jump to $4,300—up $150 from $4,150 for this year. for individuals and 3% for families next year. The increases nearly mirror the 3.3%

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WEX named in U.S. News & World Report’s 2024-2025 Best Companies to Work For

WEX Inc.

News & World Report , a global authority in rankings and consumer advice, has named WEX one of the 2024-2025 Best Companies to Work For. The 2024-2025 list includes companies that received high scores on multiple metrics that make up a positive work environment and everyday employee experience.” For investor relations, go here.

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What the U.S. can learn from Australia’s retirement system

Guideline

private sector workforce lacks access to an employer-sponsored retirement plan like a 401(k). To expand coverage, over 30 states are developing programs, and there are proposals at the federal level for a national retirement program. It’s not farfetched to imagine how a national retirement program could work.

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Washington Saves retirement program: what employers need to know

Guideline

💡 Key takeaways: Over the past few years, several states have passed legislation requiring business owners to offer their employees retirement savings benefits. Washington state recently passed legislation requiring employers to offer a retirement plan or enroll in the Washington Saves program. Why Washington?

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HR in 2024: Shaping Tomorrow’s Workforce Through Bold Leadership

HR Digest

By 2025, they will represent a staggering 27% of the labor force, wielding immense economic power and wielding their voices as catalysts for change. As Baby Boomers and Gen Xers get closer to the ends of their careers, we’ll see a bigger emphasis from employees and employers on financial wellness and retirement preparedness.

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SECURE 2.0 Act and the Retirement Situation

Prism HR

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.

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Addressing America’s retirement crisis with SECURE Act 2.0

FingerCheck

Sometimes planning and saving for retirement may seem like a task we can put off until “later.” According to the Federal Reserve, 77% of working Americans are not on track to have sufficient savings by the time they reach retirement. How is the federal government responding to the retirement crisis?