Pension Rights Center
Nicholas Pension Consultants
RTD Financial Advisors
Plumbers Local Union No. 1 Benefit Funds
Retirement Industry Trust Association (RITA)
Kentucky Trust Company
Loren D. Stark Company
Farmer & Betts, Inc.
Retirement Plan Consultants
EPIC Retirement Plan Services
Hochheiser Deutsch & Co, Inc.
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|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%[.]"
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