Increased Transparency for Social Security and Disability Fund Finances.
This law does not change your current retirement or disability benefits, but it mandates new reporting rules for the Social Security Trust Funds. Congress will now receive clear, graphical comparisons showing the long-term financial health of these funds. The goal is to increase transparency and force a clearer debate about the future stability of these crucial benefit programs.
Key points
Requires the Congressional Budget Office (CBO) to provide more detailed and graphical reports on the status of the Old-Age and Survivors Insurance and Disability Insurance Trust Funds.
Reports must clearly compare current projected payments with what would be payable if the funds relied only on current dedicated revenue (highlighting the risk of future benefit reductions).
Expired
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