The brief’s key findings are:

The 2024 Trustees Report showed a slight drop in the 75-year deficit, but the depletion date for the retirement trust fund remains at 2033.

The prospect of a 21-percent benefit cut only 9 years away should focus our attention on restoring balance to the program.

Further delay has real costs:

options like investing part of the trust fund in equities are disappearing as the trust fund slides towards zero;

the burden of tax increases or benefit cuts fully shifts to Millennials and subsequent generations; and

Oasi - House extension, Albate 2021. Photos (C) Laura Cavelli.