This is from a letter to the Chairs and Ranking Members of the Senate Finance Committee and House Social Security Subcommittee from the Social Security Advisory Board (SSAB) (footnote omitted):
In light of efforts to reduce the federal real property footprint, the Social Security Advisory Board (Board) writes to highlight a unique issue for the Social Security Administration (SSA) regarding property acquired with money from the Social Security trust funds.
The Board believes that any proceeds from the sale of trust fund acquired property should go to the trust funds. Trust fund dollars are for Social Security program purposes only and have been intentionally set apart from general revenues by Congress. The Board therefore encourages Congress to direct all revenue from the disposition of trust fund properties to the trust funds.
By the way, I think that SSAB has closed its doors but I haven’t seen proof that it’s happened.
4 comments:
Frank needs to listen. So many regional and other buildings could be sold for hundreds of millions, and let the regional workers telework. He’d instantly add a billion to SSA. Instead he wastes money by RTOing everyone and spends billions on security, janitors, facilities, and more.
SSAB still exists. Reimbursement for travel, expenses and meetings is dependent on the whim of the Commissioner. SSAB has lost its independent voice and staff.
SSAB funding wasn't in the presidential budget request. Most staff left. It is in Congress' bills for fy26 so it remains to be seen what passes, if the white house actually lets any appropriated funds be used, and if SSAB can hire the staff they need to fully function again.
This idea has come up before and was part of a broader social security bill, but that bill didn’t move forward. Maybe on its own it can have legs.
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