security trustee

Social Security trustees have estimated that without changes, the system will start running short of money to pay full benefits in 38 years.

Social Security trustees say the program's financial problems will grow as baby boomers retire.

These surpluses can be found in the Social Security trustees' 2003 projections.

Social Security trustees said today that the program will be financially sound well into the next century and able to pay benefits for the next 57 years.

AT first blush, the news last week from the Medicare and Social Security trustees was good.

After Bush's re-election, I carefully read the 225-page annual report of the Social Security trustees.

According to the Social Security trustees, the annual shortfall will exceed $1 trillion in current dollars in 2040.

The Social Security trustees assume that productivity will grow more slowly in coming years than it has in the last few years.

But some economists say such dire consequences are unlikely anyhow because the Social Security trustees use economic growth projections that are too pessimistic.

The latest annual report of the Social Security trustees projects that life expectancy will increase just six years in the next seven decades, to 83 in 2075.

In their most recent analysis of the system's condition, the Social Security trustees projected that benefit payments would begin to exceed payroll tax revenues in 2018.

Société Générale is intercreditor agent, Sace facility agent, security trustee and model bank.

But forecasts of the Social Security trustees, upon which expectations of a long-term trust fund deficit are based, predict a 50 percent slowdown in economic growth.

The 1987 Social Security trustees report, recently released, demonstrates that the trust funds are in excellent financial shape, with large annual surpluses projected over the next decades.

A few weeks ago, Progress for America issued a press release describing Thomas Saving, one of the Social Security trustees, as an adviser and spokesman.

The Social Security trustees warned Congress last year that the disability insurance program was in financial trouble and that its trust fund might be depleted in 1995.

Earlier this year, Social Security trustees found that "Medicare's financial outlook has deteriorated dramatically over the past five years and is now much worse than Social Security's."

Social Security trustees said last week that unless Congress acted the Social Security trust funds would run out of money in 2029, seven years earlier than projected last year.

To the Editor: Re "It's Not About the Trustees" (editorial, April 5): All of the Social Security trustees are political appointees.

With a conservative growth rate of 2.2 percent annually, the trust fund shortfall would be 1.5 percent of taxable payroll, not the 2.2 percent gap projected by the Social Security trustees.

According to a forecast by the Social Security trustees, the Old Age and Survivors Insurance trust fund will last until 2044, while the disability trust fund will be exhausted in 2029.

Using projections by the Social Security trustees, White House officials based their comparison on the assumption that, if nothing changed, the Social Security trust fund would be out of reserves in 2041.

Every year, the Social Security Trustees provide an annual report to Congress and the American people about the trust fund's financial condition and, for some time now, they have warned about significant long-term deficits.

Starting last year, as the groundwork was being set for the emerging debate, the Social Security trustees took the liberty of projecting the system's solvency over infinity, rather than sticking to the traditional 75-year time horizon.

But it's still extraordinary to have one of the Social Security trustees associated with a group that is "dedicated to a conservative issue agenda" and has been running ads in support of the Bush privatization plan.