Tag: Trustees Report
What does exhaustion of the trust fund mean? The 2018 Social Security Trustees Report, released last week, shows that the program faces a 75-year deficit of 2.84 percent of taxable payrolls – virtually unchanged from last year’s projection of 2.83. The Old-Age, Survivors and Disability Insurance (OASDI) trust fund continues to be scheduled for exhaustion…
Outlook virtually unchanged from last year. 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…
