2016 Marks First Time In History Total Amount of Annual SSDI Benefit Payments Decline
For the first time in the history of the Social Security Disability Insurance (SSDI) program, the total amount of annual benefit payments to claimants declined. Reduced benefit payments coupled with increased receipts resulted in the Disability Insurance (DI) Trust Fund increasing for the first time after seven straight years of decline. The increased receipts are the result of the 2015 temporary FICA allocation change that prevented a funding shortfall and extended the DI trust fund exhaustion date from 2016 to 2022.
Source: DI Trust Fund Data
Steve Perrigo
Related Articles
Trust Funds
Social Security Trustees Report: DI Trust Fund Solvency Gains 13 Years
Trust Funds
SSA Trustees: Disability Trust Fund Solvency Gains 20 Years
Trust Funds
Disability Trust Fund Solvency Extended To 2032; 2019 COLA Projected At 2.4%
Trust Funds
DI Trust Fund Reserves Increase $25 Billion in 2017
Subscribe to Stay in the Loop
Enter your email to be notified when a new blog is posted.
Thank you for subscribing.
Please enter a valid email.
Want More Information?
Read the latest news from Allsup and Allsup Employment Services in our newsroom.