Jul 14, 2017

Trustees Report

     From a Social Security press release:
The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year, with 77 percent of benefits payable at that time. The DI Trust Fund will become depleted in 2028, extended from last year’s estimate of 2023, with 93 percent of benefits still payable.
In the 2017 Annual Report to Congress, the Trustees announced:
  • The asset reserves of the combined OASDI Trust Funds increased by $35 billion in 2016 to a total of $2.85 trillion.
  • The combined trust fund reserves are still growing and will continue to do so through 2021. Beginning in 2022, the total annual cost of the program is projected to exceed income.
  • The year when the combined trust fund reserves are projected to become depleted, if Congress does not act before then, is 2034 – the same as projected last year. At that time, there will be sufficient income coming in to pay 77 percent of scheduled benefits.


Anonymous said...


Completely remove the wage cap - End of story.

Anonymous said...

Thank-you 11:08.

Anonymous said...

Blasphemy! You can lose your soul and burn in hell for that. Tax raises are the ultimate sin of the right wing religion. Go and sprinkle some holy water on yourself and ask for forgiveness for your sin!

AKM said...

QUESTION: If the US Government subsidizes Amtrak, the USPS, and more and if the US Government supplies foreign aid to OTHER countries, why can't they subsidize SS or make up the difference in shortfalls?

Anonymous said...

Hey Blasphemy; It looks like you need a lesson on the diffrences between Idoigy and Reality you can't go to the food market and pay the bill with religion or Idioligy it takes (Now see if you can comprehend this MONEY$$$)thats the reality! Now if you don't want your social security I would be happy to take it. and by the way you know what hell is, its no medical insurance and no ss keep voting the way you do and hopefully you will find out!!!

Anonymous said...

If you don't have money then why don't you have insurance 3:16? No income should qualify you for Medicaid Insurance through the ACA. Is there spouse income? What is stopping you from having insurance?