Navigation 2023 Social Security Trustees Report
On March 31, 2023, the Social Security Board of Trustees released its annual report on the financial status and security of the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) trust funds. According to the 2023 Trustees Report, the combined asset reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2034, one year earlier than projected last year, with 80 percent of benefits payable at that time.[1]
The Old-Age and Survivors Insurance Trust Fund, which funds Social Security retirees, their spouses and children, and survivors of deceased workers, will be unable to pay full benefits in 2033, a year earlier than previously expected. At that time, the program will only have funds to pay 77 percent of total scheduled benefits. However, the Disability Insurance trust, which funds disabled workers, their spouses, and their children, will not become depleted during the 75-year projection.
