Social Security's L...
 
Notifications
Clear all

Social Security's Long-Term Financing Shortfall - June 2022 Report

 

Pizza Man
(@giovanelli766)
Trusted Member Customer
Joined: 1 year ago
Posts: 68
Topic starter  

Conclusion
Under the intermediate assumptions, the projected hypothetical combined
OASI and DI Trust Fund asset reserves become depleted and unable to pay
scheduled benefits in full on a timely basis in 2035. At the time of depletion
of these combined reserves, continuing income to the combined trust funds
would be sufficient to pay 80 percent of scheduled benefits. The OASI Trust
Fund reserves are projected to become depleted in 2034, at which time OASI
income would be sufficient to pay 77 percent of OASI scheduled benefits. DI
Trust Fund asset reserves are not projected to become depleted during the
75-year period ending in 2096.


Lawmakers have a broad continuum of policy options that would close or
reduce Social Security's long-term financing shortfall. Cost estimates for
many such policy options are available at
www.ssa.gov/OACT/solvency/provisions/.

See attached report:


Quote
Share: