Along with potentially raising the retirement age, Commissioner Frank Bisignano suggested other measures to address the funding challenge.

Social Security Administration (SSA) commissioner Frank Bisignano has not ruled out raising the retirement age to help shore up the payment system’s solvency.

Speaking on Fox’s Mornings with Maria on Thursday, Bisignano, who was appointed by President Donald Trump earlier this year, said “I think everything’s being considered” when asked by host Maria Bartiromo if he would look at raising the retirement age.

A spokesperson for the SSA told Newsweek that Bisignano “outlined that there are a whole host of items being considered and that eight years is a long way away. While he did say that ‘everything will be considered,’ it was after a much more insightful conversation regarding solvency and how Commissioner Bisignano is making the Social Security Administration easier to access, faster to respond, and better prepared to meet the challenges of tomorrow.”

  • BarneyPiccolo@lemmy.today
    41·
    3 days ago

    It makes sense to raise the retirement age if longevity is increasing, but longevity in America is actually decreasing. If anything, we should be lowering the retirement age.

    There is no need to do anything to Social Security except raise the income cap from the current $168K, to $250K or $500K or higher. That will solve all of the problems for decades. Sure, a few people will have to pay SS taxes on a larger percentage of their income, but I pay SS taxes on 100% of my income, so they get no sympathy from me.