Social Security Trust Fund Projected to Endure for an Additional Year, Trustees Say

Social Security’s trust fund received a one-year reprieve in the 2022 Social Security Trustees report, released late Thursday afternoon.  The Trustees project that the combined disability and retirement trust fund will become depleted in 2035 – one year later than predicted last time – if Congress doesn’t take preventative action. When the trust fund becomes insolvent, the Trustees say, Social Security will only be able to pay 80% of scheduled benefits.
By |2022-06-03T12:21:25-04:00June 3rd, 2022|Categories: COLAs, Congress, payroll taxes, President Biden, Rep. John Larson, Social Security, Social Security Trustees|
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