2009 Social Security Trustees Report Overview
Page 1 of 1
2009 Social Security Trustees Report Overview
http://www.ssa.gov/oact/tr/2009/II_highlights.html
For your reading pleasure:
Here's the laugher:
For your reading pleasure:
OASDI is Old-Age, Survivor, and Disability Insurance. DI is Disability Insurance.Under the long-range intermediate assumptions, annual cost will begin to exceed tax income in 2016 for the combined OASDI Trust Funds. The combined funds are then projected to become exhausted and thus unable to pay scheduled benefits in full on a timely basis in 2037. The separate DI Trust Fund, however, is projected to become exhausted in 2020.
Here's the laugher:
You mean, like they're handling the debt ceiling crisis?The projected trust fund deficits should be addressed in a timely way so that necessary changes can be phased in gradually and workers can be given time to plan for them. Implementing changes sooner will allow their effects to be spread over more generations. Social Security plays a critical role in the lives of 52 million beneficiaries and 160 million covered workers and their families in 2009. With informed discussion, creative thinking, and timely legislative action, present and future Congresses and Presidents can ensure that Social Security continues to protect future generations.
ohio county- Moderator
- Number of posts : 3207
Location : Wheeling
Registration date : 2007-12-28
Similar topics
» Social Security name change .....
» Democrating Your Social Security
» Social Security gets clobbered again.
» No money for Social Security - here's 1 reason why
» Is Social Security a Ponzi Scheme (like Madoff's)?
» Democrating Your Social Security
» Social Security gets clobbered again.
» No money for Social Security - here's 1 reason why
» Is Social Security a Ponzi Scheme (like Madoff's)?
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum