With over 1,000 leased facilities, often in single-tenant buildings, the Social Security Administration (SSA) is a staple of many federal investor portfolios. Like other federal agencies, however, SSA has been dutifully implementing the “Reduce the Footprint”…
Category: SSA
Social Security’s Shrinking Footprint
The Social Security Administration is shrinking—though, as more and more baby boomers arrive at the age of SSA entitlements, the demands on it are growing. A report issued late in August by the Government Accountability Office…
Social Security Office Closings Under Scrutiny
From Quincy, Florida, to Ketchikan, Alaska, field offices of the Social Security Administration (SSA) are being shuttered. Since 2010, 64 field offices have closed around the country, the largest number in the agency’s 79-year history. In…
Spotlight: SSA
Which federal agency operates the largest social insurance program in the world? The U.S. Social Security Administration (SSA) administers Social Security, the retirement, disability and survivors’ benefits that constitute more than 30% of all federal government…
Social Security Data Center Contractor Selected
Hensel Phelps was recently awarded the $192 million contract to build a new data center for the U.S. Social Security Administration (SSA) in Urbana, Maryland. The data center will be constructed on a 65 acre site…