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An Actuarial Perspective on the 2016 Social Security Trustees Report (PDF)
American Academy of Actuaries Link to more items from this source
June 28, 2016
"To bring Social Security into actuarial balance for the next 75 years ... changes equivalent to either an immediate increase of 2.75 percentage points in the payroll tax rate, or an immediate decrease of about 17 percent of benefits for all current and future beneficiaries, or some combination thereof, is required. The analogous numbers from last year's report were a 2.78 percentage point increase in the payroll tax rate and a 17.2 percent decrease in all benefits."

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