Tag: Social Security Trustees Report
The Social Security program faces a 75-year deficit of 2.66 percent of taxable payrolls – virtually unchanged from last year. Largely because of the Bipartisan Budget Act of 2015, the life of the Disability Insurance trust fund – which was scheduled for exhaustion in 2016 – has been extended by seven years. The combined Old-Age,…
Each year the Social Security actuaries project the system’s financial outlook over the next 75 years. This report usually comes out in April but this year was delayed to the end of July. This delay raised the question whether the delay was driven by controversy and intrigue or by the inability to get six peo…
