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Social Security chief walks back remark
on raising retirement age

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Posted By: Mercedes44, 9/19/2025 9:35:10 PM

Social Security Commissioner Frank Bisignano on Friday walked back his remark made earlier in the day that raising the retirement age was among the entitlement reforms being considered by the Trump administration. In an interview with Fox Business, host Maria Bartiromo asked Bisignano if he’d consider increasing the age for full federal retirement benefits, which currently stands at 67.I think everything’s being considered and will be considered,” he said. Bisignano noted that any change recommended by Social Security trustees — a group that also includes Treasury Secretary Scott Bessent and Health Secretary Robert F. Kennedy Jr. — would need congressional approval.

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Reply 1 - Posted by: crashnburn 9/19/2025 10:15:34 PM (No. 2006411)
Social Security is not an entitlement. It was supposed to be a retirement benefit for those who paid into it.
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Reply 2 - Posted by: sunset 9/19/2025 10:50:57 PM (No. 2006417)
When the Social Security program began in the 1930s, the retirement age was 65, and the average life expectancy was around 60-63 years at birth
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Reply 3 - Posted by: Snow Possum 9/19/2025 11:12:08 PM (No. 2006421)
1... It was SUPPOSED to be a safety net to aid those who did not have enough in pensions and savings to retire on. In 1940 there were 42 in the workforce for every recipient of Social Security. FORTY-TWO. Today? 2.8 as of 2022. Something has to give. Raising the full retirement age adjusted for longevity is an objectively reasonable idea. Means testing is also worth considering. IF someone has 8 million USD in the bank they do not need a safety net. An idea I had a while back was having an age at which one could stop paying the Social Security payroll tax and with that, give up their claim on benefits when they do retire. Something has to be done and it will be painful. There is no way around it.
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Social Security chief walks back remark
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Posted by Mercedes44 9/19/2025 9:35:10 PM Post Reply
Social Security Commissioner Frank Bisignano on Friday walked back his remark made earlier in the day that raising the retirement age was among the entitlement reforms being considered by the Trump administration. In an interview with Fox Business, host Maria Bartiromo asked Bisignano if he’d consider increasing the age for full federal retirement benefits, which currently stands at 67.I think everything’s being considered and will be considered,” he said. Bisignano noted that any change recommended by Social Security trustees — a group that also includes Treasury Secretary Scott Bessent and Health Secretary Robert F. Kennedy Jr. — would need congressional approval.
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