Social Security disability fund projected to be depleted in 2016
Social Securitys Disability Insurance trust fund will run out of reserves next year without congressional action, trustees said.
By Kasia Klimasinska|July 22, 2015 at 11:19 AM
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
(Bloomberg) — Social Security’s Disability Insurance trust fund will run out of reserves next year without congressional action, trustees said, urging U.S. lawmakers to address the nation’s unsustainable entitlement programs.
Beyond 2016, continuing income will be sufficient to pay 81 percent of scheduled disability payments, trustees said in an annual report released in Washington on Wednesday.
Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.
Your access to unlimited BenefitsPRO.com content isn’t changing. Once you are an ALM digital member, you’ll receive:
Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
61% of employers surveyed consider caregiving benefits to be a top priority for their business and employees, yet 22% consider themselves as below average in developing caregiving benefits. Download this info sheet to help your clients remain competitive by offering a care benefit package.