A Closer Look at the 2021 Social Security Trustees Report On August 30, 2021, the most recent Social Security Trustees Report was released, and we finally have a better idea of the pandemic's impact on the Social Security trust fund. As predicted, the substantial drop in employment, earnings, and interest rates in 2020 made the Social Security program’s funding issue worse. All scheduled benefits will be paid on a timely basis from the Old-Age and Survivors Insurance (OASI) trust fund until 2033–one year earlier than the date outlined in last year’s report. Once the reserves are depleted, income from taxes will allow the Social Security program to pay 76 percent of scheduled benefits.
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