Brief Social Security Benefits Under Current Law
What Happens When the Trust fund Runs Dry?
C. Eugene Steuerle, Christopher Spiro, Adam Carasso
Display Date
Download Report
(30.53 KB)

Social Security reform proposals are often compared to current law, but because current law is insolvent, analyses should include a variety of interpretations about what happens when the trust fund is exhausted. Two interpretations of current law are that benefits will be reduced so that they can be covered by existing taxes, and that taxes will be raised to cover promised benefits.
Research Areas Aging and retirement
Tags Social Security Pensions