What is the Trustees Report on the Social Security trust funds?

Every year, the government-appointed Board of Trustees releases a report on the financial outlook for the Social Security and Medicare Trust Funds. The Trustees released the 2016 Trustees Report on June 22, 2016. It reported:

  • The combined trust fund reserves are still growing and will continue to do so through 2019. Beginning with 2020, the cost of the program is projected to exceed income.
  • The projected point at which the combined trust fund reserves will become depleted, if Congress does not act before then, comes in 2034 – the same as projected last year. At that time, there will be sufficient income coming in to pay 79 percent of scheduled benefits.
  • The projected actuarial deficit over the 75-year long-range period is 2.66 percent of taxable payroll -- 0.02 percentage point smaller than in last year's report.

More Information

Reports From The Board Of Trustees
Status of the Social Security and Medicare Programs
Medicare: Trustees Report & Trust Funds

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Topic Information
  • Topic #: 34011-3839
  • Date Created: 04/09/2014
  • Last Modified Since: 07/10/2017
  • Viewed: 12505