Since the public trustees were first confirmed by the Senate in 1984, no two individuals have ever served more than one term. This tradition is grounded in the constant need for new thinking about the economic and demographic assumptions and actuarial methodologies used in trustees’ reports. We hope that the White House will act quickly to work with us to find two new trustees who can be confirmed and in place as soon as possible to continue the important work of producing the annual Trustees’ Report.
Sen. Charles E. Grassley, Chairman
Sen. Max Baucus, Ranking Member
U.S. Senate Committee on Finance