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Social Security: What Would Happen If the Trust Funds Ran Out?
Congressional Research Service [CRS] 
[Guidance Overview] Oct. 15, 2021 24 pages. "It is unclear what specific actions SSA would take if a trust fund were insolvent. After depletion, the trust funds would continue to receive tax revenues, from which a majority of scheduled benefits could be paid. One option would be to pay full benefits on a delayed schedule; another would be to make timely but reduced payments. Social Security beneficiaries would remain legally entitled to full, timely benefits and could take legal action to claim the balance of their benefits." [RL33514, updated Oct. 15, 2021] |
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