--- title: 2024 Social Security Trustees Report and Benefit Cut Scenario Updates description: Stay informed with the latest updates on the 2024 Social Security Trustees Report and Benefit Cut Scenario, including estimates for trust fund depletion and potential benefit cuts. image: https://www.covisum.com/hubfs/SSTrusteesReport.png --- [Login](https://www.covisum.com/login-experience) | [Call: 402-235-4500](tel:1-402-235-4500) | [Contact Us](https://www.covisum.com/contact) ** [![covisum-logo](https://www.covisum.com/hs-fs/hubfs/covisum-logo.png?width=264&height=41&name=covisum-logo.png "covisum-logo")](https://www.covisum.com/) [![Start Your Free Trial](https://no-cache.hubspot.com/cta/default/2755909/b23743cd-d0df-4907-a66d-293b58ab1164.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/b23743cd-d0df-4907-a66d-293b58ab1164) [![Contact Us](https://no-cache.hubspot.com/cta/default/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532.png)](https://cta-redirect.hubspot.com/cta/redirect/2755909/6c6d7fe7-e094-4fc0-9c82-d93d4ccbb532) # 2024 Social Security Trustees Report and Benefit Cut Scenario Updates [SOCIAL SECURITY TRUSTEES REPORT  |  ](https://www.covisum.com/blog/topic/social-security-trustees-report)5/10/24 2:09 PM  |  by [Joe Elsasser, CFP®, Founder and President of Covisum](https://www.covisum.com/blog/author/joe-elsasser-cfp-founder-and-president-of-covisum) The 2024 Social Security Trustees report was released on May 6th - ([https://www.ssa.gov/oact/TR/2024/tr2024.pdf](https://www.ssa.gov/oact/TR/2024/tr2024.pdf)). Of particular interest to our users are the estimates for the longevity of the Old-Age and Survivors Insurance (OASI) and combined Old Age Survivors and Disability Insurance (OASDI) trust funds and the estimates for the percentage of benefits that are expected to remain payable after trust fund depletion.  This year's report has the OASI trust fund depletion date remaining at 2033, but the estimate of the benefits payable increased to 79% (a 21% benefit cut) from 77% in last year's report.  ## Social Security Timing Update We've updated the default assumptions for the "Benefit Cut" scenario in the Social Security Timing® software with these new figures, but keep in mind that you are able to change the defaults.  If you would prefer to use the combined OASDI trust fund depletion date of 2035 and 83% (a 17% benefit cut), you can edit those assumptions on the Social Security benefit estimate data entry screens.  ## Income InSight Update The benefit cuts stress test in Income InSight has also been updated to reflect the 21% benefit cut in 2033. ### Share this article [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fsocial-security-trustees-report-and-benefit-cut-scenario-updates%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fsocial-security-trustees-report-and-benefit-cut-scenario-updates%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fsocial-security-trustees-report-and-benefit-cut-scenario-updates%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.covisum.com%2Fblog%2Fsocial-security-trustees-report-and-benefit-cut-scenario-updates%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=2024%20Social%20Security%20Trustees%20Report%20and%20Benefit%20Cut%20Scenario%20Updates) ## Related Blog Articles [ ### Social Security What the 2025 Trustees Report Really Means for Your Clients' Retirement Plans Read ](https://www.covisum.com/blog/2025-trustees-report) [ ### Social Security Social Security Timing Has Been Updated to Account for Social Security Benefit Cuts Read ](https://www.covisum.com/blog/social-security-timing-has-been-updated-to-account-for-social-security-benefit-cuts) [ ### Social Security The 2026 Trustees Report: What Advisors Should Tell Clients Now Read ](https://www.covisum.com/blog/the-2026-trustees-report) [See All Articles](https://www.covisum.com/blog) ## Covisum’s ecosystem of solutions can help you grow. 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