{
  "data_version": "1",
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  "id": "frank-bisignano",
  "name": "Frank Bisignano",
  "kind": "person",
  "url": "https://whatledto.com/who/frank-bisignano",
  "description": "Commissioner of Social Security.",
  "same_as": [
    "https://en.wikipedia.org/wiki/Frank_Bisignano"
  ],
  "timelines": [
    {
      "slug": "trump-accounts-rollout",
      "title": "Trump Accounts: From the 2025 Tax Law to the July 2026 Launch and the Employer Matches",
      "url": "https://whatledto.com/events/trump-accounts-rollout",
      "json": "https://whatledto.com/events/trump-accounts-rollout.json",
      "role": "IRS CEO and Social Security commissioner assigned to lead the program's expansion and enrollment work.",
      "entries": 5,
      "updated_at": "2026-10-14T15:05:02.561257+00:00"
    },
    {
      "slug": "social-security-2027-cola",
      "title": "Social Security's Next Raise: From the 2.5% COLA to the 2027 Announcement",
      "url": "https://whatledto.com/events/social-security-2027-cola",
      "json": "https://whatledto.com/events/social-security-2027-cola.json",
      "role": "Social Security commissioner since May 2025, overseeing the agency’s COLA announcements, service initiatives, and response to the solvency outlook.",
      "entries": 8,
      "updated_at": "2026-10-14T14:48:41.575777+00:00"
    }
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  "entries": [
    {
      "timeline": "social-security-2027-cola",
      "id": 2146,
      "url": "https://whatledto.com/events/social-security-2027-cola#n2146",
      "date": "2026-10-14",
      "date_precision": "day",
      "title": "The 2027 COLA is 3.6 percent, worth $75 a month to the average retiree",
      "summary": "Social Security announced a 3.6 percent cost-of-living adjustment for 2027, which it said would raise the average retirement benefit by $75 a month. Nearly 72 million beneficiaries see it from January 2027 and about 7.3 million SSI recipients from 31 December 2026, 76 million people in all. The taxable maximum rises to $192,300 and the earnings limit for workers under full retirement age to $25,560. The figure follows the September CPI-W, released the same morning.",
      "type": "announcement",
      "entities": [
        "Social Security Administration",
        "Frank Bisignano"
      ],
      "parties": [
        "social-security-administration",
        "frank-bisignano"
      ],
      "sources": [
        {
          "url": "https://www.ssa.gov/news/en/press/releases/2026-10-14.html",
          "outlet": "Social Security Administration",
          "published": "2026-10-14",
          "quote": "The Social Security Administration (SSA) today announced a 3.6 percent benefit increase for 2027."
        },
        {
          "url": "https://www.crfb.org/blogs/high-inflation-drives-36-social-security-cola",
          "outlet": "Committee for a Responsible Federal Budget",
          "published": "2026-10-14",
          "quote": "A 3.6% COLA will boost average benefits by about $900 per retiree but would provide an over $2,200 increase for the very richest beneficiaries."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 2127,
      "url": "https://whatledto.com/events/social-security-2027-cola#n2127",
      "date": "2026-10-12",
      "date_precision": "day",
      "title": "Frank Bisignano says Social Security will last another 90 years",
      "summary": "Frank Bisignano said Social Security would be around for another 90 years. The statement was reported on October 12.",
      "type": "response",
      "entities": [
        "Frank Bisignano",
        "Social Security Administration",
        "Social Security"
      ],
      "parties": [
        "frank-bisignano",
        "social-security-administration",
        "social-security"
      ],
      "sources": [
        {
          "url": "https://thehill.com/homenews/administration/6142951-bisignano-social-security-longevity/",
          "outlet": "The Hill",
          "published": "2026-10-12",
          "quote": "This is a long journey. It’s 90 years old. It’ll be around for another 90 years,"
        }
      ]
    },
    {
      "timeline": "trump-accounts-rollout",
      "id": 1624,
      "url": "https://whatledto.com/events/trump-accounts-rollout#n1624",
      "date": "2026-09-25",
      "date_precision": "day",
      "title": "IRS names Joseph Velli as adviser to Frank Bisignano",
      "summary": "CNBC reported that Joseph Velli will serve as senior adviser to IRS CEO Frank Bisignano for Trump Accounts. Velli previously worked at Bank of New York and Convergex Group.",
      "type": "other",
      "entities": [
        "Internal Revenue Service",
        "Joseph Velli",
        "Frank Bisignano",
        "Trump Accounts"
      ],
      "parties": [
        "internal-revenue-service",
        "joseph-velli",
        "frank-bisignano",
        "trump-accounts"
      ],
      "sources": [
        {
          "url": "https://www.newsbeep.com/751545/",
          "outlet": "CNBC reporting, republished by NewsBeep",
          "published": "2026-09-29",
          "quote": "“Joseph Velli, a former Bank of New York and Convergex Group executive, will serve as senior adviser to Bisignano.”"
        }
      ]
    },
    {
      "timeline": "trump-accounts-rollout",
      "id": 749,
      "url": "https://whatledto.com/events/trump-accounts-rollout#n749",
      "date": "2026-07-15",
      "date_precision": "day",
      "title": "Treasury reports 6.5 million Trump Accounts signups",
      "summary": "Treasury reported that over 6.5 million families had signed up for Trump Accounts. It said more than 1.5 million children were eligible for Treasury's $1,000 pilot contribution.",
      "type": "report",
      "entities": [
        "U.S. Department of the Treasury",
        "Frank Bisignano",
        "Internal Revenue Service",
        "Social Security Administration"
      ],
      "parties": [
        "us-department-of-the-treasury",
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        "social-security-administration"
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      "sources": [
        {
          "url": "https://home.treasury.gov/news/press-releases/sb0563",
          "outlet": "U.S. Department of the Treasury",
          "published": "2026-07-15",
          "quote": "Over 6.5 million families have signed up for Trump Accounts, including more than 1.5 million children eligible for the $1,000 pilot contribution from Treasury."
        }
      ]
    },
    {
      "timeline": "trump-accounts-rollout",
      "id": 735,
      "url": "https://whatledto.com/events/trump-accounts-rollout#n735",
      "date": "2026-07-15",
      "date_precision": "day",
      "title": "Frank Bisignano, running both the IRS and Social Security, takes over the next phase",
      "summary": "Treasury put Bisignano, the former Fiserv chief who serves as IRS CEO and Social Security commissioner, in charge of the program's expansion, tying account enrollment to the agencies that hold children's Social Security numbers and tax records.",
      "type": "announcement",
      "entities": [
        "Frank Bisignano",
        "U.S. Department of the Treasury",
        "Internal Revenue Service",
        "Social Security Administration"
      ],
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      "sources": [
        {
          "url": "https://home.treasury.gov/news/press-releases/sb0563",
          "outlet": "U.S. Department of the Treasury",
          "published": "2026-07-15",
          "quote": "WASHINGTON— Following the historic joint bell-ringing in the Oval Office on July 6, 2026, marking the launch of Trump Accounts, the U.S. Department of the Treasury announces that Frank Bisignano will lead the implementation of the program’s next phase."
        }
      ]
    },
    {
      "timeline": "trump-accounts-rollout",
      "id": 746,
      "url": "https://whatledto.com/events/trump-accounts-rollout#n746",
      "date": "2026-06-29",
      "date_precision": "day",
      "title": "Treasury and IRS issue Trump Accounts contribution safe harbor",
      "summary": "Treasury and the Internal Revenue Service announced relief for certain Trump Accounts contributions. The agencies said the relief would reduce potential burden on friends and family making contributions.",
      "type": "regulatory",
      "entities": [
        "U.S. Department of the Treasury",
        "Internal Revenue Service",
        "Frank Bisignano"
      ],
      "parties": [
        "us-department-of-the-treasury",
        "internal-revenue-service",
        "frank-bisignano"
      ],
      "sources": [
        {
          "url": "https://www.irs.gov/newsroom/treasury-irs-provide-safe-harbor-for-certain-contributions-to-trump-accounts-under-the-working-families-tax-cuts",
          "outlet": "Internal Revenue Service",
          "published": "2026-06-29",
          "quote": "The relief granted will reduce the potential burden placed on friends and family who want to put money into a Trump account."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 380,
      "url": "https://whatledto.com/events/social-security-2027-cola#n380",
      "date": "2026-06-09",
      "date_precision": "day",
      "title": "2026 trustees report: retirement fund depleted in late 2032, combined funds still 2034; 75-year gap widens 16%",
      "summary": "The trustees moved the retirement fund's depletion to the fourth quarter of 2032, one quarter earlier, with 78 percent of benefits payable, and held the combined funds at 2034 with 83 percent payable. Reserves dropped $160 billion in 2025 to $2.56 trillion and the 75-year actuarial deficit grew from 3.82 to 4.42 percent of payroll, driven by lower fertility and immigration assumptions and the 2025 tax law. Bisignano called on lawmakers and the agency to work together. The Medicare trustees' report released the same day projected the 2027 Part B premium at $209.50.",
      "type": "report",
      "entities": [
        "Social Security Board of Trustees",
        "Frank Bisignano"
      ],
      "parties": [
        "social-security-board-of-trustees",
        "frank-bisignano"
      ],
      "sources": [
        {
          "url": "https://www.ssa.gov/news/en/press/releases/2026-06-09.html",
          "outlet": "Social Security Administration",
          "published": "2026-06-09",
          "quote": "The OASI Trust Fund reserves are projected to become depleted in the fourth quarter of 2032, with 78 percent of benefits payable at that time."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 379,
      "url": "https://whatledto.com/events/social-security-2027-cola#n379",
      "date": "2026-05-07",
      "date_precision": "day",
      "title": "One year of Bisignano: SSA claims record service gains, 800-number waits down to 6.6 minutes",
      "summary": "On the anniversary of his swearing-in the agency listed an 84 percent cut in average phone wait time to 6.6 minutes, 20 percent more online transactions, 30 percent shorter field-office waits, a disability claims backlog down a third to 853,000 and hearing waits down 40 percent, alongside fraud-prevention and payment-integrity claims. Critics and the inspector general had questioned the phone metrics and the effect of staffing cuts.",
      "type": "report",
      "entities": [
        "Frank Bisignano",
        "Social Security Administration"
      ],
      "parties": [
        "frank-bisignano",
        "social-security-administration"
      ],
      "sources": [
        {
          "url": "https://www.ssa.gov/news/en/press/releases/2026-05-07.html",
          "outlet": "Social Security Administration",
          "published": "2026-05-07",
          "quote": "Reducing the average speed of answer on the National 800 Number to the lowest level in a decade to 6.6 minutes – an 84 percent reduction from 42 minutes in fiscal year (FY) 2024"
        }
      ]
    },
    {
      "timeline": "trump-accounts-rollout",
      "id": 730,
      "url": "https://whatledto.com/events/trump-accounts-rollout#n730",
      "date": "2026-03-31",
      "date_precision": "day",
      "title": "Four million children signed up through tax returns, one million of them eligible for the $1,000",
      "summary": "Halfway through filing season the IRS said more than four million children had been enrolled via Form 4547, with elections for the pilot contribution covering more than a million, and reminded families that contributions could not start until July 4.",
      "type": "report",
      "entities": [
        "Internal Revenue Service",
        "Frank Bisignano"
      ],
      "parties": [
        "internal-revenue-service",
        "frank-bisignano"
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      "sources": [
        {
          "url": "https://www.irs.gov/newsroom/4-million-children-have-been-signed-up-for-trump-accounts-with-1-million-claiming-the-1000-pilot-program-contribution",
          "outlet": "Internal Revenue Service",
          "published": "2026-03-31",
          "quote": "WASHINGTON – The Internal Revenue Service today announced that taxpayers have signed up more than 4 million children for tax-favored Trump Accounts, of which more than 1 million children are covered by elections for the $1,000 Trump Accounts pilot program contribution."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 377,
      "url": "https://whatledto.com/events/social-security-2027-cola#n377",
      "date": "2025-10-24",
      "date_precision": "day",
      "title": "2026 COLA is 2.8%, about $56 a month; taxable maximum rises to $184,500",
      "summary": "Benefits for 75 million people rose 2.8 percent from January 2026, the first COLA of the Bisignano era, with SSI increases from December 31. The agency noted the decade's average COLA had been about 3.1 percent, and asked people who wanted their COLA notice online only to opt out of paper by November 19. Much of the raise for Medicare enrollees would be absorbed by the Part B premium increase announced three weeks later.",
      "type": "announcement",
      "entities": [
        "Social Security Administration",
        "Frank Bisignano"
      ],
      "parties": [
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      "sources": [
        {
          "url": "https://www.ssa.gov/news/en/press/releases/2025-10-24.html",
          "outlet": "Social Security Administration",
          "published": "2025-10-24",
          "quote": "The Social Security Administration (SSA) announced today that Social Security benefits, including Old-Age, Survivors, and Disability Insurance (OASDI), and Supplemental Security Income (SSI) payments for 75 million Americans will increase 2.8 percent in 2026."
        }
      ]
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    {
      "timeline": "social-security-2027-cola",
      "id": 374,
      "url": "https://whatledto.com/events/social-security-2027-cola#n374",
      "date": "2025-07-03",
      "date_precision": "day",
      "title": "SSA hails the One Big Beautiful Bill as ending taxes on benefits for nearly 90% of recipients, then corrects itself",
      "summary": "Hours after Congress passed the tax and spending law, the agency issued a press release and a mass email saying nearly 90 percent of beneficiaries would no longer pay federal income tax on their benefits. The law in fact adds a temporary $6,000 deduction for taxpayers 65 and over for 2025 through 2028 and leaves benefit taxation in place; the agency posted a correction on July 7 after tax experts objected. The lost benefit-tax revenue would later show up as a quarter of the deterioration in the 2026 trustees report.",
      "type": "announcement",
      "entities": [
        "Social Security Administration",
        "Frank Bisignano",
        "Donald Trump"
      ],
      "parties": [
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        "frank-bisignano",
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      "sources": [
        {
          "url": "https://www.ssa.gov/news/en/press/releases/2025-07-03.html",
          "outlet": "Social Security Administration",
          "published": "2025-07-03",
          "quote": "The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits, providing meaningful and immediate relief to seniors who have spent a lifetime contributing to our nation's economy."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 373,
      "url": "https://whatledto.com/events/social-security-2027-cola#n373",
      "date": "2025-06-18",
      "date_precision": "day",
      "title": "2025 trustees report: combined trust funds now run dry in 2034, a year earlier; retirement fund in 2033",
      "summary": "The trustees moved the depletion date of the combined retirement and disability funds to 2034, when 81 percent of scheduled benefits would be payable, and kept the retirement fund alone at 2033 with 77 percent payable. Reserves fell $67 billion in 2024 to $2.72 trillion and the program's costs have exceeded its non-interest income since 2010. Bisignano called the trust funds' financial status a top priority for the administration.",
      "type": "report",
      "entities": [
        "Social Security Board of Trustees",
        "Frank Bisignano"
      ],
      "parties": [
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        "frank-bisignano"
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        {
          "url": "https://www.ssa.gov/news/en/press/releases/2025-06-18.html",
          "outlet": "Social Security Administration",
          "published": "2025-06-18",
          "quote": "The combined reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to have enough dedicated revenue to pay all scheduled benefits and associated administrative costs until 2034, one year earlier than projected last year, with 81 percent of benefits payable at that time."
        }
      ]
    },
    {
      "timeline": "social-security-2027-cola",
      "id": 372,
      "url": "https://whatledto.com/events/social-security-2027-cola#n372",
      "date": "2025-05-07",
      "date_precision": "day",
      "title": "Frank Bisignano sworn in as the 18th Commissioner of Social Security",
      "summary": "Former Fiserv chairman and CEO Frank Bisignano took over an agency that had spent early 2025 under an acting commissioner, DOGE-driven staff cuts and a plan to trim its workforce to about 50,000, promising that the administration would protect Social Security and make the agency a premier organization. Every COLA, trustees report and service change on this timeline after May 2025 is his.",
      "type": "announcement",
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          "url": "https://www.ssa.gov/news/en/press/releases/2025-05-07.html",
          "outlet": "Social Security Administration",
          "published": "2025-05-07",
          "quote": "Financial Services Industry Leader Frank Bisignano was sworn in today as the 18th Commissioner of Social Security."
        }
      ]
    }
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