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Social Security chief Bisignano says program will 'be around for another 90 years'

Social Security chief Bisignano says program will 'be around for another 90 years'

Social Security Administration Commissioner Frank Bisignano said in an interview Monday that the entitlement program will be around for another 90 years as a key trust fund approaches insolvency.Bisignano, who is also the IRS CEO, spoke with CNBC's "Squawk Box" ahead of this week's announcement of the 2027 cost-of-living adjustment (COLA) for Social Security benefits following the latest inflation data.As SSA commissioner, Bisignano is one of the trustees of Social Security's trust funds, and he was asked about potential reforms to the program to ensure its future solvency and said he expects...

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Wayne G Fraser
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Insurance Broker Insurance Industry
State Georgia, North Carolina, South Carolina
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