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.
8 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.
SSAB has served little purpose, other than to dole out patronage jobs. I had the opportunity appear before SSAB members on a September junket tour of ROs. They wanted "out-of-the-box" ideas, but really never gave them due consideration. Much chin-stroking and studies and position papers, but no real results. Lots of money spent, which was better used elsewhere.
September of what year? I don't think SSAB has visited a regional office since the pandemic.
I agree with you, 7:40 PM. SSA has done very little to solicit ideas and general feedback from their 60,000 employees regarding all the issues they know best, but expects some panel of outsiders to come up with solutions.
710 here. It was either 2008 or 2009. I remember Sylvester Schreiber and Dorcas Hardy were there. I don't recall the others. It was a typically meaningless meeting.
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