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“Social Security is broke beyond belief,” Laurence Kotlikoff told The Brink, Boston University's research news website. “Its unfunded liability is $65.9 trillion — twice the size of ...
The number of Social Security program recipients is expected to increase from 44 million in 2010 to 73 million in 2030. [17] The present value of unfunded obligations under Social Security as of August 2010 was approximately $5.4 trillion.
The present value of unfunded obligations under Social Security was approximately $11.4 trillion over a 75-year forecast period (2016–2090). In other words, that amount would have to be set aside in 2016 so that the principal and interest would cover the shortfall for 75 years.
The CRFB noted that when Social Security’s long-term projections are calculated, it is assumed this $2.8 trillion will be repaid, so this borrowing from the program’s trust fund isn’t the ...
In 2009, the Office of the Chief Actuary of the SSA calculated an unfunded obligation of $15.1 trillion for the Social Security program. The unfunded obligation is the difference between the future cost of the Social Security program (based on several demographic assumptions such as mortality, work force participation, immigration, and age ...
Social Security is projected to run out of funds in 2035 unless there is a change made to the fund's cost and revenue system. Even though supporters of the Social Security Fairness Act argue it ...
State Pension plans account for approximately 88% of all unfunded liabilities of non-federal retirement systems. While national aggregates provide insight into larger trends, the funded ratio of state pension plans vary significantly by state. The extent to which unfunded liabilities impact states is relative to their overall economic output.
(The Center Square) – Illinois unfunded pension liability is growing. The Illinois Commission on Government Forecasting and Accountability reports the latest unfunded liability is $143.7 billion.