Q & A
Who are Social Security’s trustees and why do they issue an annual report?
Answer: Social Security has six trustees: the Secretaries of the Treasury, of Labor, of Health and Human Services; the Social Security Commissioner; and two public trustees, who by law must be from different political parties, are appointed by the President, and must be confirmed by the Senate. They issue an annual report on Social Security’s finances to give Congress and the public ample time to consider any changes that may be warranted to keep the program’s income and outgo in balance over the entire 75-year period for which Social Security’s financial estimates are made.
Source: National Academy of Social Insurance
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