Trust Fund Reserve Gains One Year for Projected Depletion Date

A person delivers a packet of papers to a second person.By now, you’ve probably heard that this year marks the 80th anniversary of the signing of the Social Security Act.  In case you didn’t know, this year is also the 75th anniversary of the payment of the first monthly benefits.

And, today, the Social Security Board of Trustees released the 75th annual report to Congress on the financial status of the Social Security trust funds.

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