Today, the Social Security Board of Trustees released its annual report on the current and projected financial status of Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds.
The combined funds reserves are projected to become depleted in 2035, one year later than projected last year, with 80 percent of scheduled benefits payable at that time. The DI Trust Fund reserves are estimated to become depleted in 2052, extended 20 years from last year’s estimate of 2032, with 91 percent of benefits still payable.
To learn more, please visit: https://www.ssa.gov/news/press/releases/2019/#4-2019-1
Join us on Facebook Events Page on Tuesday, April 30, at 7 p.m. ET as we chat with Social Security’s Chief Actuary Steve Goss about the 2019 Trustees Report. You can register for the event starting on Wednesday, April 24.
Note: The closed-captioned version will be available post broadcast.