Tag: Social Security finances
It also avoids the potential pitfalls of making benefit improvements temporary. Representative Al Lawson (D-FL) recently proposed a piece of Social Security legislation, which has been scored by SSA’s Office of the Chief Actuary. The Lawson proposal is the second major Social Security bill in a month, following Representative John Larson’s (D-CT) Social Security 2100:…
The brief’s key findings are: The 2021 Trustees Report anticipates that the short-term effects of COVID will dissipate quickly, so the trust fund’s depletion date moved only from 2035 to 2034. For the long-run, the Trustees changed three ultimate assumptions – a higher fertility rate, slower mortality gains, and a lower unemployment rate – a…
