The Latest Breaking News from Frank Bisignano

A former top executive at the Social Security Administration quietly floated an idea to park part of the program's $2.7 trillion trust fund in a short-term Treasury note that would automatically convert into an SP 500 index basket at maturity, but the proposal never really saw the light of day.

Previously apolitical agency lauds Trump’s spending bill with false statements about federal taxes, experts say

Social Security's retirement and survivor benefits are projected to face a funding shortfall as early as 2033, at which point the program would only be able to pay about 77% of scheduled benefits unless Congress intervenes. 

The Social Security Board of Trustees said in an annual report that Social Security Trust Funds, comprising Old-Age and Survivors Insurance and Disability Insurance, will have revenue to pay all scheduled benefits only until 2034, which is one year earlier than previous projections.

The average retired worker could see their monthly payments drop by more than $300 after the funds go dry

Former White House aide remains at Tesla chief’s side even after barrage of Epstein allegations

Social Security chief Frank Bisignano is pushing ahead with expanded AI use and tech reforms, despite mixed results and concerns.

‘I’m, like, what the heck's the commissioner of Social Security?’ said the new commissioner of Social Security. He had to turn to Goggle to find out, said Frank Bisignano

Agency has been significant target of Doge while nearly 69 million Americans receive benefits

GOP collective issues open letter to new commissioner calling for end to cutbacks that might ‘further deteriorate customer service’ and impact constituents

Despite pledging to protect personally identifiable information amid concerns over DOGE's involvement in SSA, Bisignano has also described himself as "fundamentally a DOGE person."