articleThe Brief A potential increase to the retirement age is under consideration by the Trump administration. Social Security Administration Commissioner Frank Bisignano addressed the matter during a FOX News interview, explaining that many options are being considered. The Trump administration is reportedly considering many options to avoid Social Security insolvency, which includes raising the retirement age. When asked if he would consider raising the retirement age during a FOX News interview on Thursday, Social Security Administration Commissioner Frank Bisignano said, "I think everything’s being considered, will be considered." RELATED: Social Security changing course in going after overpaymentsAnalysis from the Committee for a Responsible Federal Budget noted that insolvency would leave Social Security beneficiaries with an estimated 24% benefit cut.