Fiserv’s Frank Bisignano faces new challenge in leading Social Security
President-elect Donald Trump has nominated Fiserv Inc.’s CEO, Frank Bisignano, to lead the US Social Security Administration. As the head of a nearly 60,000-person agency, Bisignano will oversee benefits for approximately 71.6 million Americans. The nomination comes at a critical time, as estimates suggest benefit cuts may be necessary as early as 2033 due to projected shortfalls between funding and payment amounts. Bisignano has stated that he aims not to cut any American’s benefits, emphasizing his commitment to addressing the program’s challenges.
Source: https://www.bloomberg.com/news/articles/2024-12-07/wall-street-fixer-bisignano-eyes-worst-mess-yet-social-security