Raising Retirement Age to Shore Up Social Security May Be on the Table

SSA Commissioner Frank Bisignano said ‘everything’s being considered’ as trust funds face depletion in 2034, prompting debate over benefit cuts and tax hikes.

Blank Social Security checks are run through a printer at the US Treasury printing facility in Philadelphia, Pa., on July 18, 2011. William Thomas Cain/Getty Images

A range of options to shore up finances for Social Security are being considered, including the possibility of raising the retirement age, as the program edges closer to insolvency.

“I think everything’s being considered, will be considered,” Social Security Administration (SSA) Commissioner Frank Bisignano said on Sept. 18 on Fox Business’s “Mornings with Maria,” when asked directly whether raising the retirement age was on the table.