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FIAP > Boletín – Otras Publicaciones > Social Security Finances: Findings of the 2020 Trustees Report – National Academy of Social Insurance (NASI) – May 2020

Social Security Finances: Findings of the 2020 Trustees Report – National Academy of Social Insurance (NASI) – May 2020

7 July, 2020

This report analyzes the fiscal sustainability of the United States public PAYGO pension system (the Old Age, Survivors, and Disability Insurance – OASDI program). The aforementioned program, according to the report, is fully financed until 2035, but will face a deficit thereafter if Congress does not act sooner, through parametric changes or the reduction of benefits, which will allow the program to achieve a long-term balance, avoiding the projected deficit. This report does not take into account the effects of the COVID-19 pandemic on OASDI’s projected income and expenses, so that if future projections consider these effects, the deficit could be more pronounced and occur before the aforementioned date.

To review the full report, please download it here

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