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public trustee
noun
A public office which acts as a trustee, usually when a sum is required to be deposited as security by legislation, when courts remove another trustee, or for estates where either no executor is named by will or the testator elects wishes to appoint one.
Exact(27)
That is not the worry of the other public trustee, Mr. Reischauer.
"I feel that I have a responsibility to ensure that broadcasters fulfill their public trustee obligations.
But Charles P. Blahous III, a public trustee, said that was not an ideal solution because the retirement program had financial problems of its own.
And if interest rates tick up sharply in the months ahead, "things could get very, very serious," said Sandy Hume, Boulder County's public trustee.
Marilyn Moon, a public trustee of the Medicare trust fund since 1995, said: "Most people were caught by surprise at the extent of the reductions.
"The bottom line is that the older you are, the more likely that your Social Security benefits exceeded your contributions," said Charles Blahous, the other public trustee and a former adviser to President George W. Bush.
Similar(21)
The public trustees' statements and summary trustees' reports have stood the test of time.
FROM 1990 to 1995, we served as public trustees for Social Security and Medicare.
One of the reforms we were proudest of during our tenure was the inclusion of a separate public trustees' statement with the annual summary trustees' report.
Public trustees are often drawn from the ranks of firefighters, teachers and other public employees whose retirements they are protecting.
One of the public trustees, Robert D. Reischauer, said "there is reason to be quite optimistic" that the slowdown in health spending will continue.
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