Tuesday, June 5, 2018

26 34 52 56 511 | Social Security has 16 years left before benefit cuts begin, June 5, 2018


In 16 years, Social Security will have to cut benefits by 21% if lawmakers do nothing to cure the program's long-term funding shortfall.

That's what the Social Security and Medicare trustees projected in their 2018 annual report released Tuesday.

The trustees estimate that by 2034 the combined trust funds for Social Security — which help fund the old age and disability programs — will run dry. At that point Social Security will be able to pay only 79% in promised benefits to retirees and disabled beneficiaries.

So if you were expecting to get $2,000 a month, your payout would shrink to $1,580.

263 is the 56th prime number
Today's date of this article publishing is on June 5, 2018, date written 5/6 or 6/5









payroll taxes = 93. Saturn = 93


To ensure both Social Security and Medicare remain solvent for decades to come, they have three basic choices: they can raise the payroll taxes paid into the programs by both employees and employers, they can cut benefits for some or all beneficiaries, or they can do some combination of the two.

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