You are insinuating that buying index funds is...difficult and therefore I should trust that somebody does a good job of it.
It could literally be an automated program that just buys all shares of X index fund (there are hundreds of decent ones that accomplish the same thing). You really don't even hardly have to have any investment experience or knowledge of the market to accomplish this. I'm not suggesting this to operate like a hedge fund and to buy and sell individual stocks, try timing the market, etc.
It really isn't rocket science to "trust" somebody to buy index shares on the behalf of social security.
Who would they hire? The same people that are currently responsible for all of the bond buying should be more than capable of it. It's...so easy.
Money can't buy happiness. Just video games, which make me happy.
