Key facts
- SSA Commissioner Frank J. Bisignano will testify before the House Ways and Means Committee.
- The hearing focuses on oversight of the Social Security Administration.
- An SSA report shows the OASI Trust Fund can pay full benefits until Q4 2032.
- This projection is an improvement from the previous year's estimate.
Social Security Administration (SSA) Commissioner Frank J. Bisignano is set to testify before the House Ways and Means Committee on Wednesday morning regarding the agency's oversight. The hearing follows the release of the SSA's annual report, which projects that the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to cover 100 percent of its scheduled benefits through the fourth quarter of 2032. This forecast represents an improvement from last year's projections, which anticipated this capability for one quarter less.