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Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035

Social Security fund gains extra year of solvency – benefits will begin to be reduced in 2035
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Allsup Highlights Social Security Trustees Report:

Allsup Highlights Social Security Trustees Report:
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Hospital Insurance Trust Fund extended 5 years to 2036

Hospital Insurance Trust Fund extended 5 years to 2036
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Social Security funds to last longer than expected thanks to sturdy economy

The combined trust funds for Social Security are projected to run out a year later than previously expected, a board of trustees of the program’s accounts said Monday. In the latest report, trustees project that the depletion date for the Old-Age and Survivors Insurance (OASI) Trust Fund, which pays out Social Security benefits to retirees,…

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