SSA Commissioner on Insolvency: “Everything’s being considered.”
With Social Security’s financial cliff–the point at which revenue could no longer support scheduled benefit payments–now about seven years away, the temperature seems to be heating up in search of a solution. In a recent Yahoo!Finance post, reporter Eleanor Pringle recaps positions expressed by Commissioner Frank Bisignano on the issue, particularly the policy changes that will likely be made and how these changes could affect future generations of retirees. The Commissioner’s comments shed light on some of the key policy items in the news, including retirement ages and the income levels subject to payroll taxes. Read the full post here…