Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Social Security Trust Funds Take a Step Backward|
American Retirement Association [ARA]
Sept. 1, 2021
"[T]he data and projections presented include the Trustees' best estimates of the effects of the COVID-19 pandemic and the 2020 recession ... [T]he finances of both programs have been significantly affected, as employment, earnings, interest rates and GDP dropped substantially in the second quarter of 2020. And while these economic indicators are presumed to rise gradually toward full recovery by 2023, the level of worker productivity and GDP assumed are projected to be permanently lowered by 1%[.]"
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|