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Text of 2014 Annual Report of the Board of Trustees of the Social Security Trust Funds (PDF)
The Board of Trustees, Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds Link to more items from this source
July 28, 2014

258 pages. Excerpt: "The Trustees project that the asset reserves of the OASI Trust Fund and of the theoretical combined OASI and DI Trust Funds will be adequate over the next 10 years under the intermediate assumptions. However, the projected reserves of the DI Trust Fund ... are depleted in the fourth quarter of 2016. At the time reserves are depleted, continuing income to the DI Trust Fund would be sufficient to pay 81 percent of scheduled DI benefits.... For the combined OASI and DI Trust Funds to remain solvent throughout the 75-year projection period: [1] revenues would have to increase by an amount equivalent to an immediate and permanent payroll tax rate increase of 2.83 percentage points (from its current level of 12.40 percent to 15.23 percent; a relative increase of 22.8 percent); [2] scheduled benefits during the period would have to be reduced by an amount equivalent to an immediate and permanent reduction of 17.4 percent applied to all current and future beneficiaries, or 20.8 percent if the reductions were applied only to those who become initially eligible for benefits in 2014 or later; or [3] some combination of these approaches would have to be adopted." [Also available are Supplemental Single-Year Tables, Documentation of Key Assumptions, and Model Documentation.]

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