Larson on the Social Security Trustees Report
Washington – “The latest Trustees Report confirms that Social Security is on strong footing for the next several decades, but faces a long-term shortfall that Congress can and should address. The report underscores just how important Social Security benefits are for retirees, the disabled, and survivors. It would be reckless to inflict needless benefit cuts when there are common sense ways to keep the system solvent for generations to come.
“The Social Security 2100 Act—which now has over 60 cosponsors in the House—would preserve Social Security through the end of this century while enhancing the program’s vital benefits. An independent analysis by Social Security’s Chief Actuary confirmed the 2100 Act’s solvency. Social Security is not an entitlement – it is insurance that Americans pay into through years of hard work. Congress should never cut the benefits that Americans have earned.”
The full 2015 Annual Report can be found here.