Incredibly they don't admit how the endowment was designed to work. At present threre's $ 2.6 trillion in the retirement fund and retitrement checks come from that fund via an algorythm. Because the baby boom population was so huge, and because they are universally in pay status, the fund could "default" by 2033 or 2034. As baby boomers die off, the population rate for millenials and Genz, x declined to normal levels.
None of the senators ask the right question. "Will you swear, under penalty of purjury, do everything you can to protect the trust funds?'
Has Bisignano donated to create an endowment to slow down the rate? If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure. I bet he doesn't know about it.
They see it as a multi trillion dollar cash cow with NO thoughts as to what happens to those who receive the benefits!
Incredibly they don't admit how the endowment was designed to work. At present threre's $ 2.6 trillion in the retirement fund and retitrement checks come from that fund via an algorythm. Because the baby boom population was so huge, and because they are universally in pay status, the fund could "default" by 2033 or 2034. As baby boomers die off, the population rate for millenials and Genz, x declined to normal levels.
None of the senators ask the right question. "Will you swear, under penalty of purjury, do everything you can to protect the trust funds?'
Has Bisignano donated to create an endowment to slow down the rate? If everyone who donates to say, universities, which aren't really charities, the trust funds would be secure. I bet he doesn't know about it.
https://www.ssa.gov/agency/donations.html
Why doesn't SSA advertise that donations can flatten the curve and extend the default date beyond 2034?
Does Bisignano itemize his charitable donations?
What about Musk? Dudek?