The Latest Breaking News from Frank Bisignano

With Social Security projected to be insolvent by 2032, Commissioner Frank Bisignano says options like raising the retirement age are on the table for U.S. retirees.

Sen. Elizabeth Warren (D-Mass.) said the Trump administration is "fudging the numbers" on how long Americans wait for help from Social Security, pointing to her office's findings and to recent reporting that refute the agency's rosy claims.

In a landmark move, President Donald Trump has ordered the end of paper Social Security checks by September 30, requiring more than half a million beneficiaries to switch to digital payment methods.

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Americans trying to get answers about their Social Security benefits may soon face longer lines at their local office — and it's raising concern in Washington.

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