- Highlights of the 2011 Trustees Report:
- Social Security’s deficit is still about 2 percent of payroll.
- Deficit as a percent of GDP is less than 1 percent.
- Trust fund exhaustion moved up one year to 2036.
- Items of note:
- COLA is expected to be back after a two-year hiatus.
- Disability Insurance Trust Fund exhausts its assets in 2018.
- Future of the employee payroll tax cut is uncertain.