According to the Bipartisan Policy Center 2023 trustee report, demographics are a big reason for the coming Social Security shortfall. There are fewer younger people paying taxes to support retirees. The ratio of workers paying Social Security payroll taxes to people drawing benefits...
Charles Blahous, the Public Trustee for the SS Trust Fund gave testimony (Link) to the House Ways and Means Committee on Friday. I think he laid it on the line rather nicely. The 2011 Trustees’ report is the first in which Public Trustees have ever participated to have concluded thatan ...
It’s been ten days since the Social Security annual report to Congress has come out. I’ve been waiting for the devotees of SS to write something cheery about the report. For the most part the cheerleaders have been silent. That’s with good reason. The
imagine that Democrats would be willing to provide votes to get over that 60-vote threshold and weaken Social Security solvency," said Charles Blahous, senior research strategist at the Mercatus Center at George Mason University, who has also served as a public trustee for Social Security an...
The Bank created the "Trustee+" annuity program with its own characteristics. The Bank was in the top tier of the industry in terms of the number of personal pension customers served. The Bank had the largest user base in the industry for its physical social security cards, ...
Reports of these two funds’ demise are not new. Fifteen years ago, when I was a trustee of the Social Security and the Medicare trust funds (which meant, essentially, that I and a few others met periodically with the official actuary of the funds, received his report, asked a few quest...
In other words, trust indicates a willingness to be vulnerable to the trustee based on the expectation that the trustee will perform a particular action (Mayer et al., 1995), whereas information shapes these expectations (Schnackenberg and Tomlinson, 2016). As an emerging state-controlled credit ...
The combined OASI Trust Fund and the DI Trust Fund, termed OASDI, are projected to pay 100% of benefits until 2035 when the reserves will be depleted based on the Board of Trustee's 2024 findings. At that point, continuing fund income would cover 83% of benefits.11 ...
There are no plans for Social Security to end. Current estimates from the Social Security Administration's 2024 Trustee Report state that the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits, will be able to pay out 100% of benefits up until 2033, ...
move the stock into the trust, noting that it is almost exactly what Trump did with his assets prior to coming to the White House in 2017. Libowitz said the trust is not blind, set to last for the duration of Trump's presidency or independent — given Trump Jr.'s role as trustee. ...