New Social Security chief pledges to protect benefits for 90 more years

Frank Bisignano, the new Commissioner of the Social Security Administration (SSA), said Sunday he plans to help secure the agency’s long-term future by targeting fraud and inefficiency. His goal is to keep Social Security and Medicare solvent through at least the year 2100.

President Trump appointed Bisignano, a former Wall Street executive, to lead the SSA. The Senate confirmed his nomination on May 6 despite pushback from Democrats concerned about the administration’s plans for entitlement programs.

Bisignano says SSA will not be dismantled

“We have no intent to break a system that can be improved,” Bisignano said during a Fox News interview with Maria Bartiromo on Sunday Morning Futures. He emphasized that Trump’s team will work with Congress to ensure the agency’s stability for generations to come.

“That team will get together, along with Senate and Congress, and will ensure that this is here for the next 90 years, at least,” he said.

Trump officials target waste and fraud

The Trump administration has made cost-cutting a central focus of its Social Security strategy. Elon Musk and his Department of Government Efficiency team have repeatedly pointed to waste and fraud as key issues undermining the system.

Their efforts include reviewing how the government processes trillions of dollars in federal benefits, including Social Security and Medicare. Trump officials argue that increased oversight could extend the life of the trust funds that support both programs.

Democrats raise concerns about benefit cuts

While Trump’s team frames its approach as reform, Democrats fear it could lead to benefit reductions. Some lawmakers worry the administration will use its control over the SSA to change payment policies or eligibility without Congressional approval.

So far, no direct cuts to benefits have been announced. However, several Democratic senators opposed Bisignano’s confirmation over concerns about how aggressively the administration might act.

Who is Frank Bisignano?

Bisignano previously served as CEO of Fiserv, a financial services firm, and held executive roles at major U.S. banks. His business background, while praised by Republicans as proof of management skill, has made Democrats skeptical of his commitment to protecting public benefits.

Despite the controversy, Bisignano now leads an agency that distributes payments to tens of millions of Americans every month.