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2001 Annual Report of Federal Old-Age and Survivors Insurance and Disability Insurance Trust Funds
U.S. Social Security Administration [SSA] 
Mar. 20, 2001 Excerpt: Under the intermediate assumptions the combined OASDI Trust Funds are expected to become exhausted in 2038, one year later than projected in last year's report. The projected actuarial deficit is 1.86 percent of taxable payroll, 0.03 percent smaller than in last year's report. Between about 2010 and 2030, OASDI costs will increase rapidly due to the retirement of the large baby-boom generation, and annual costs will exceed tax income starting in 2016. MORE >> |
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