Tag: Trustees Report
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…
COVID-19 will impact this projection, but probably not significantly. The 2020 Trustees Report, which was prepared before the onset of the COVID-19 pandemic, shows an increase in the program’s 75-year deficit from 2.78 percent to 3.21 percent of taxable payroll (see Figure 1). The depletion date for the trust fund remains at 2035. What does…
