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Estimate of the Financial Effects on Social Security of the 'Social Security 2100: A Sacred Trust' Act (PDF)
Office of the Chief Actuary, U.S. Social Security Administration [SSA] Oct. 27, 2021 33 pages. "[E]nactment of these provisions would extend the ability of the OASDI program to pay scheduled benefits in full and on time, by moving the date of projected depletion of the combined OASI and DI Trust Fund reserves from 2034 under current law to 2038 ... In addition, because the payroll tax provision is not temporary, the level of benefits that would be payable would be increased in all years after projected trust fund reserve depletion in 2038." |
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