Social Security Board of Trustees: Projection for Combined Trust Funds One Year Sooner than Last Year
Reading Time: 1 MinuteLast Updated: June 20, 2025
Combined Funds Move One Year Sooner to 2034; OASI Remains at 2033
The Social Security Board of Trustees released its annual report on the financial status of the Social Security Trust Funds. The combined reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to have enough dedicated revenue to pay all scheduled benefits and associated administrative costs until 2034, one year earlier than projected last year, with 81 percent of benefits payable at that time.
The OASI Trust Fund is projected to become depleted in 2033, the same year as last year’s estimate, with 77 percent of benefits payable at that time. The DI Trust Fund reserves are not projected to become depleted during the 75-year projection period.
Read the press release for more information.
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Patricia V.
Yes, privatization of the SSA will make benefit payments worse, because the dollar value will collapse when market values drop, possibly at critical times when SSA collectors need it the most, such as keeping their houses.
The US Treasury fund, similar to FDIC in a bank is a the only safe option to guarantee SSA payments will continue evenly each month.
Perhaps fraudulent activity is going on with the SSA? Social Security’s staff and law enforcement needs to investigate suspicious activity and prosecute whoever is stealing funds from SSA who did not honesty earn benefits, such as not having working history payments through payroll taxes.
cc
Teh “stealing” of beneifts by non-earners is a red herring. The thieves are the rich in the Diaper Donnie Dump regime and republicans like Diaper Donnie Dump who steal via tax cuts for the rich.
Just to reiterate SSA contributes not one penny t the deficit and SSA is safer than the FDIC and has NEVER missed a payment.
The ponzi scheme is privatization.
Patricia V.
Read the “How to Prosper in the Coming Bad Years”, by Howard J. Ruff book that was published in 1979. This author was very accurate in his predictions of the USA economy.
Tony
All those job losses from Trump’s DOGE and tariff war is taking a tool on the Social Security Trust Fund.
The next Trump recession will take another year off the projection next year. It will be called the retrumpcession.
Tammy M.
My name is Tammy acord and I was just going to y’all message.I am on ssi and ssa I just wanted to know I.
Take care of my youngest son and he is on SSI and Ssa and he is 32 and going on 33 next month on the 8 of July l won’t to know if I could draw another check on him he is Disable and he has seizure
Bob
Currently 85% of your Social Security benefits is taxed by income tax a double taxation and that tax does not go back to the Social Security administration. It goes into the coffers for these greedy you know what to spend. Meanwhile, all of us have worked our tails off all these years and I’ve already been charged income tax when we made the money to pay the Social Security. We’re now being double taxed when we receive it and that money goes to the Congress to spend put that money that’s back into the Social Security trust fund.
Andrea V.
I agree.
Robin N.
Yup! Greed!!
cc
First of all, 85% of your benefits are NOT taxed.
You have to hit a certain income before any benefits are taxed.
You can thank Ronald Reagan for any taxes on SSA benefits.
Patricia V.
I wonder how the OASI will work out for retirees already collecting benefits? This vital pension has been signed into law in 1935 to prevent retirees from falling into poverty.
I am one who depends on Full SSA Benefits to get by on my own and had worked extremely hard to earn them for a decent life, only to possibly face poverty by 2033 and feel my time to live is running out. Sorry, but I can no longer work for medical reasons besides being a senior citizen through no fault of my own.
If retirees plunged into poverty face getting displaced from their basic needs, such as their shelters, where else will our seniors turn to for help?
My opinion here is to work on and act immediately with very strict actions. Raise taxes to those individuals earning upwards of $400,000 to make it fair for all. And Social Security benefits should be awarded on a strict need-based scale to balance the treasury of the federal budget.
Apply adjusting benefits in a similar way to those paying higher levels to Medicare Part B, except phase out Social Security oppositely with their income levels. Perhaps those earning more than 500,000 should not receive any SSA benefits at all. Of course, if anyone’s income falls back into the $500,000 level or below may get some of their restored benefits.
Thank you!!
Talk with your Reos and Senators for votes in your favor without further delay!
cc
Just removing the cap on income that is taxed for SSA would fund SSA easily, but republicans always block that. Remember that when you next vote.
Patricia V.
Yes, those spiteful crooks who care about only themselves, going to golf courses and living lavish lifestyles with wasted tax money while the rest of us have to die in ditches, our impoverished who had honestly worked and earned earned benefits!
Its not everyone’s responsibility to get rich. Not everyone is that fortunate, cannot be professional or equal enough to earn that much.
What will happen to our food supply or clothes if all became business people, leaving no one works in the fields?
No w.
Congress should act now
Simply remove the cap on social security earnings from $176,500 to unlimited
No republican or democrat is offering solutions and that is what the public expects not inaction
Patricia V.
Please address your ideas to your local Reps. ASAP since it must be voted into law.
James J.
And what happened to the money plus interest owed back to social security that the government borrowed to fund their wars in the Middle East? 😤
Patricia V.
Good Question!! Write to your Reps. to ask!
Edward O.
The funds have been depleted through bad planning, ineptness, theft ~ and your solution is to combine the failures?? There is no resolution in that. Putting further trust in your mismanagement does not help us. The leadership should take the moral road and resign with apologies.
Edward O.
At what point in history of SSA did the spending exceed the fund? Who was in charge? Who was the congressional watchdog? All SSA heads over GS 10 should be terminated.
How would private management of the fund be worse? Run the SSA within a part of a successful, honest corporate entity. Change my mind.
Patricia V.
Exposure to markets not insured to the FDIC or SIPC are not guaranteed and may lose principal in a downturn. Google up for more information.
The US Treasury is a stable fund that is protected from market swings.
Patricia V.
Unfortunately, not all the payroll tax goes to Social Security, as stated by author Howard J. Ruff in his 1979 book, How to Prosper in the Coming Bad Years. The payroll goes to the general fund with part of it going to Social Security. No wonder the USA is having so many economic displacements today with all these wars to pay for!
cc
The spending has NEVER exceeded the fund. Quit listening to right wing propaganda.
Corporations are the worst place to ever have money for SSA as corporations always waste money on those at the top.
Patricia V.
Quit your angry judgement and be patient with others! We all have to live on this soil and share it unless able to immigrate from the USA.
Everyone Please write concerns to your Reps. This is only a reference site that gets inaction. Thank you.
Janet L.
Does this mean that the Trump Regime plans to decrease my benefit to 77% of my current benefit as of 2034? While giving tax breaks to millionaires, and refraining from collecting medicare from all those who make over $180,000… this is ridiculous.
Bob
Please stop that crap. Trump won’t even be in office in 2034 for one and he’s not touching Social Security. It’s your Congress people wake up has nothing to do with that president geez, get your head out. Why don’t you leave it alone drop it you lost you lost the election.
Patricia V.
It’s a fact that payroll taxes from workers are not keeping up with SSA payouts. Read information from banking.
Patricia V.
And please don’t tell anyone to stop “The Crap”.
Go to your MySocial site to read all about it.
I have worked in banking with treasury experience for over thirty years plus a two-year degree and foresee future economic disaster unless Congress puts together a new package into law to save SSA retirees from dipping into further into poverty. They may lose their shelters and starve on the streets!
Stop raising Your political crap and take these vital benefit issues seriously. Write to your Reps.
Patricia V.
Yes, disaster may happen unless an updated action package is signed into law to protect our earned benefits.
If economic displacement happens with current laws and benefits become reduced, I foresee another Great Recession coming in 2023 or 34! With over 69 millions retirees seeing cuts, many may become homeless with nowhere to go. Business will lose revenue, causing many closures and lost jobs, the drivers of payroll tax revenues into SSA.
Please address your concerns to your Representatives now to for Congress action votes before it gets too late to fix the SSA U.S. Treasury fund.
Laura
In the year 2033 I will be 78 years old, and what I read here is that my benefits will be reduced by about 20%. What do you expect the millions of people that this will impact to do when they can’t pay their rent or buy food? Do you expect the elderly to become homeless? What, if anything, is being done about this shortfall? I worked my entire life and contributed to Social Security from my paychecks for 50 years. How much is being depleted from the fund by paying people who have not worked and contributed like this?
Bob
Whether you realize it or not, you’re also being double taxed on that Social Security you receive, especially for those that have to work while they draw Social Security just to make ends meet 85% can be taxed and most likely is taxed unless you’re only having Social Security and don’t even make enough to pay taxes. Either way it’s double taxation and that tax that they charge us on that Social Security receipt goes into the treasury it has nothing to do with Social Security. Hence, the reason Congress wouldn’t allow a certain reconciliation act to go through because they tried to say the deduction affected the Social Security, which has an act that doesn’t allow that by Congress, which has nothing to do with Social Security at all Yet now we got taxed double and no one even realizes what’s happening. None of you sheep out there. realize you’re being double taxed.
Patricia V.
Scrutinized criminal investigation is required to see who may be stealing from USA Treasury funds.
SSA funds is payroll taxed separately from ordinary federal income taxes. Verify your Social Security wages’ W2s with annual Social Security statements for accuracy, even as a retiree so problems are not missed. Any difference must be reported to your Social Security immediately. The quickest turnaround is done online. Telephone system is very broken due to being understaffed and outdated technology.