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Disability Trust Fund Empties in 2016

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Lee2:
Some scary news for those of you who are on SS disability. Better news for those of us on regular SS, we have another 20 years if they do not feed the disability with the regular fund.


--- Quote ---4 Reasons Social Security Is In Trouble - Will You Be, Too?
http://tinyurl.com/ncdcbfk
On Monday, the Social Security Trustees published its annual Trustees Report on the health of the Social Security system. The bottom line has changed very little since last year's report, and the trustees still expect the Trust Funds to empty in 2033. Once the Trust Funds empty, the program will only be able to pay around 77 percent of its scheduled benefits.

Still, while the trustees maintain their overall projection for the program, its underlying financials continue to crumble.

For one thing, the program's 75-year actuarial deficit increased to 2.88 percent of payroll, up from 2.72 percent last year. For another, the retirement-related Trust Fund -- when considered on its own -- is on the path toward emptying a year sooner than last year's projections. The table below shows the details:
More at the link above.


--- End quote ---

Vicks:
It did not surprise me. There are so many cheats (not all, but many) on SS disability.

Plus their other ridiculous rules which allows a divorced spouse to draw against the other spouse's SS fund.

Splooge Magoo:
SS Disability has turned into long term unemployment payments. You run out of unemployment benefits, then try to file for disability. If it get declined, you get a lawyer and in most cases, the appeal is granted. The gov't even has to pay for the legal fees. I think this was on 60 minutes.

mikbal:
     If I understand their website correctly, SS disability can only be collected until full retirement age  http://www.socialsecurity.gov/retire2/agereduction.htm. At that time the recipient has to move over to SS Retirement.

Gray Wolf:

--- Quote from: mikbal on August 01, 2014, 12:18:44 PM ---     If I understand their website correctly, SS disability can only be collected until full retirement age  http://www.socialsecurity.gov/retire2/agereduction.htm. At that time the recipient has to move over to SS Retirement.

--- End quote ---


Correct sir!

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