The Social Security Trustees Report predicts that the combined Old Age, Survivors, and Disability Insurance Trust Funds have sufficient reserves to pay full benefits until 2034. This estimate provides one more year of solvency than was predicted in last year’s Trustees Report.
Social Security Disability Insurance (SSDI) is a core component of our nation’s Social Security system, and provides critical assistance for individuals faced with serious disability, illness or injury before they reach retirement.
“The Trustees Report shows that current estimates about Social Security Disability Insurance are right in line with actuarial predictions, and the program will continue to serve nearly 9 million American workers who rely on its modest but crucial coverage in a time of physical and financial strain,” said Barbara Silverstone, Executive Director, National Organization of Social Security Claimants’ Representatives (NOSSCR). “The program is delivering on its promise to the American people, and provides needed income to those no longer able to support themselves through work.” Read more here:http://nosscr.org/news/2015/07/trustees-report-extends-forecast-social-security-solvency-congress-must-preserve