Tag: trust fund depletion
According to the latest Social Security Trustees Report, the program’s 75-year deficit increased to 3.61 percent of taxable payroll compared to 3.42 percent in 2022. The year for depletion of Old-Age and Survivors Insurance (OASI) trust fund assets moved up one year – from 2034 to 2033. Yes, the Disability Insurance (DI) trust fund has…
The 2023 Trustees Report slightly increased the 75-year deficit to 3.61 percent of taxable payroll, compared to 3.42 percent in 2022, and moved up depletion of the Old-Age and Survivors Insurance (OASI) trust fund assets from 2034 to 2033. Yes, the Disability Insurance (DI) trust fund has enough to pay benefits for the full 75-year…
