Social Security, Medicare oversight posts vacant for 3 years
With
Most Americans may not even realize there's a role in government for public trustees of
"The public really doesn't have a representative sitting at the table with the government officials, and I think that is concerning," said
The public trustees — one Republican, one Democrat — are usually economists or retirement experts. They join four other trustees who are senior political appointees — the secretaries of the
Public trustees require
Trustees serve for four years, and their terms can be extended. Obama, toward the end of his administration, re-nominated the incumbent public trustees for a second term. But with 2016 elections approaching, the
"What this speaks to is the hyper-partisanship of everything in
This year's
Nonetheless Treasury Secretary
"The administration's economic agenda — tax cuts, regulatory reform and improved trade agreements — will generate the long-term growth needed to help secure these programs and lead them to a more stable path," he added.
"We have become desensitized," Leavitt said.
Public trustees fulfill "a piercing and profound purpose" as "knowledgeable private citizens empowered with information to make a declaration to their fellow citizens," he added.
Several former public trustees said they were generally able to set aside ideological differences while working with career staff at
Those estimates are built from moving parts such as economic growth, life expectancy, hospital costs, births, immigration, disability rates and the introduction of new drugs and technologies.
Economist
Ultimately the only leverage public trustees have is to withhold their signatures from the final report.
Without public trustees, professionals at
"The process can get a little stale," he said.
Economist
"There's going to be a hard landing, and I don't have any confidence the way



Hippo Creates A Better Customer Experience With Proactive Approach to Homeowners Insurance
Wall Street Veteran Joins Pier 88 Investment Partners
Advisor News
- The overlooked retirement security risk that must be addressed
- What advisors should know about hedge funds in retirement planning
- Retirement control is top success measure for middle class, ACLI says
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
More Advisor NewsAnnuity News
- Malibu Life Holdings Completes Acquisition of TruSpire, Establishing Malibu USA and Accelerating Entry into the U.S. Retail Annuity Market
- Why job boards are failing insurance agencies
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
- What’s fueling record annuity growth?
- Jackson Named InvestmentNews 2026 Annuities Provider of the Year
More Annuity NewsHealth/Employee Benefits News
- Help navigating options available
- Medicare Assistance Program can help people navigate options
- Millions of people drop ACA coverage amid jump in prices
Millions drop ACA coverage amid price jump. Did fraud inflate signups? (copy)
- Former city DPW director wants opportunity to 'defend my actions' in light of separation agreement
- CDPHP, MVP Health Care among insurers seeking rate increases
More Health/Employee Benefits NewsLife Insurance News
- NAIFA praises House committee approval of Clarity for Compensation Act
- PHL Variable liquidation pushed out to 2027, Connecticut regulators say
- ‘Recession-Proof’ Insurance Is Trending. Safety Net or Scam?
- Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
More Life Insurance News