Latest News for: Security trustees

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Social Security, Medicare face financial risk

ABC7 01 Apr 2023
The clock is ticking for lawmakers to address Social Security's financial shortfall before Americans begin to see their checks reduced ... "Lawmakers have a broad continuum of policy options that would close or reduce Social Security's long-term financing shortfall," the board of trustees wrote in their report.
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Medicare, Social Security Could Fall Short Over Next Decade

The Greeneville Sun 01 Apr 2023
WASHINGTON — The financial safety nets millions of older Americans rely on and millions of young people are counting on will run short of money to pay full benefits within the next decade, the annual Social Security and Medicare trustees report released Friday warns.
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Social Security trustees predict benefit cuts in 2033 without congressional action

Mesabi Daily News 31 Mar 2023
The updated projections, in the annual trustee report, mean that without action to stabilize the Old-Age and Survivors Insurance Trust Fund, Social Security would have enough money to pay about 77% of the total scheduled benefits ... Kilolo Kijakazi, Social Security acting ...
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Social Security, Medicare funds face depletion within a decade

Roll Call 31 Mar 2023
The Social Security trustees report said that retirement benefits are expected to be paid in full until 2033, when they’d face a 23 percent cut if no policy changes are made ... The trustees say in their new report that Social Security’s finances have worsened due to a ...
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Social Security will not be able to pay full benefits in 2034 if Congress doesn’t act

CNN 31 Mar 2023
Americans’ Social Security checks will get a lot smaller in 2034 if lawmakers don’t act to address the pending shortfall, according to an annual report released Friday by the Social Security trustees ... at George Mason University and former Social Security and Medicare trustee.
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Social Security will not be able to pay full benefits in 2034 if Congress doesn't act

News-Press Now 31 Mar 2023
Americans' Social Security checks will get a lot smaller in 2034 if lawmakers don't act to address the pending shortfall, according to an annual report released Friday by the Social Security trustees ... at George Mason University and former Social Security and Medicare trustee.
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Social Security Trust Fund to Become Depleted in 2033

The Capital Journal 31 Mar 2023
The Social Security Board of Trustees today released its annual report on the financial status of the Social Security Trust Funds ... Janet Yellen, Secretary of the Treasury and Managing Trustee; Kilolo Kijakazi, Acting Commissioner of Social Security; Xavier Becerra, Secretary of Health and Human Services; and Julie Su, Acting Secretary of Labor.
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Jeffries, Larson Statement on Social Security Trustees Report: Congress Must Act Now! (John B Larson)

Public Technologies 31 Mar 2023
Larson (CT-01) released the following statement on the 2023 Social Security Trustees Report ... The 2023 Trustees Report makes clear that we need to strengthen and protect Social Security and I am grateful to Rep ... "Today's Trustees Report shows we must not only protect but also ...
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Social Security Trust Now Projected to Run Dry in 2033. That’s a Year Earlier Than Expected.

Barrons 31 Mar 2023
economic output, according to the annual Social Security and Medicare Trustees Reports ... For Social Security, payroll taxes flowing into the trust fund would be able to cover 77% of scheduled benefits if the fund were depleted, according to the trustees’ projections ... trustees.).
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Social Security is in jeopardy of cutting benefits in just a decade, and no one's ...

Business Insider 31 Mar 2023
Patrick Semansky/AP Photo The latest Social Security and Medicare Board of Trustees report lays out estimates for both programs. The trustees find that Social Security will be unable to pay full benefits in about 10 years ... from the Social Security and Medicare Board of Trustees.
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Trustees Report Shows Social Security Expansion a 'Question of Values, Not Affordability'

Common Dreams 31 Mar 2023
The board of trustees for Medicare and Social ... "This is yet another trustees report showing that Social Security remains strong in the face of turmoil in the rest of the economy ... \u201cThe 2023 Social Security trustees report is out.\n\nThe biggest takeaway?\n\nIncreasing vs.
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Social Security trust fund on track to run out in 2033: analysis 

The Hill 31 Mar 2023
Reserves for Social Security’s largest trust fund are on track to run out as soon as 2033, a board of trustees of the program’s accounts said in a report on Friday ... Fund, which pays out Social Security benefits to retirees, in the trustees’ report from last year.
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New forecast for when Social Security, Medicare will run out of money

The Oregonian 31 Mar 2023
The financial safety nets millions of older Americans rely on — and millions more young people are counting on — will run short of money to pay full benefits within the next decade, the annual Social Security and Medicare trustees report released Friday warns.
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Social Security funding crisis will arrive in 2033, U.S. projects

Union Leader 31 Mar 2023
The report is released annually by the Boards of Trustees of the Social Security and Medicare trust funds, a body composed of top administration officials such as Treasury Secretary Janet L ... The date for Social Security benefits to be exhausted, however, was moved up to 2033, or one year earlier than the trustees projected last year.
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Social Security is now projected to be unable to pay full benefits a year earlier than expected

Market Watch 31 Mar 2023
Last year, the Social Security and Medicare Board of Trustees expected the Social Security cuts would begin in 2035 ... Although the two trust funds are legally separated entities, the trustees combine the two reserves to illustrate the actuarial status of the Social Security program as a whole and give a picture of its solvency.

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