Social Security commissioner predicts program will last ‘for another 90 years’

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Social Security Administration Commissioner Frank Bisignano said he expects the program to remain in operation for another 90 years. The agency is due to release its annual cost-of-living adjustment on Wednesday.

Frank Bisignano, the commissioner of the Social Security Administration (SSA), said Monday the program will last another 90 years. “This is a long journey. It’s 90 years old. It’ll be around for another 90 years,” Bisignano said on CNBC’s “Squawk Box.” The SSA will release its annual cost-of-living adjustment (COLA) on Wednesday, after the Bureau…