Frank Bisignano
Social Security recipients to get 3.6% cost of living boost, an average of $75 per month
WASHINGTON | The Social Security Administration projected Wednesday that the annual cost-of-living adjustment for older adults and people with disabilities will go up by 3.6% beginning in 2027, with some recipients complaining that is not enough to offset soaring prices. The adjustment translates to $75 extra per month for the 73 million people who receive […]
Social Security’s retirement trust fund faces a funding shortfall a year earlier than expected
The looming challenge for the programs is a partial funding gap, not a collapse. Even after trust fund depletion, the system will continue issuing benefits, albeit at reduced amounts. Last year, Medicare’s hospital insurance trust fund go-broke date was pushed to 2033 from 2036 the year before that, according to the report from the programs’ […]
After long waits at the Social Security Administration, its chief says things are getting better
WASHINGTON | After complaints about staffing cuts and long waits to get help at the Social Security Administration, its commissioner says he’s ready to make the case to Congress this week that things are getting a lot better at the embattled agency. Frank Bisignano is expected to face pointed questions from lawmakers at a hearing […]