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5/3/2006: What the New Trustees' Report Shows about Social Security (Center on Budget and Policy Priorities)
Excerpt: On May 1, the Social Security Board of Trustees released the 66th annual report on the program's financial and actuarial status. The report projects that Social Security's trust fund reserves will be exhausted in 2040, one year earlier than last year's projection. After that year, Social Security will be able to pay 74 percent of scheduled benefits, rather than full benefits.
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