Ask Social Security Questions and Get Answers ASAP
The Trustees continue to project depletion of the Social Security Disability Insurance (DI) Trust Fund in late 2016 if lawmakers take no action. This impending DI funding shortfall, which threatens beneficiaries with sudden and substantial benefit reductions, is but the first manifestation of larger financial imbalances facing Social Security as a whole as well as Medicare.
The 2015 reports project that the DI, OASI, and HI Trust Funds will all be depleted within the next 20 years. The following table shows key dates for the respective trust funds as well as for the theoretical combined OASDI trust funds
See attached image.
So far - as we see in this report - the social; security system will NOT collapse in 2016 - but there are definitely substantial financial issues that must be addressed as soon as possible to avoid the disaster.
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