Spending on the disability program last year totaled $132 billion, while it took in $106 billion, the trustees said. It had $154 billion left in its trust fund last year. Once that dries up, the report said, incoming revenue will cover only 80 percent of scheduled benefits.

"The DI program faces the most immediate financing shortfall of any of the separate trust funds," the report said. "Thus lawmakers need to act soon to avoid reduced payments to DI beneficiaries four years from now."

Bloomberg News

First « 1 2 3 » Next