The 2015 Technical Panel on Assumptions and Methods, which was appointed by the Social Security Advisory Board, has released its report. The report covers a range of issues, both in terms of assumptions and methods and how the results of the Trustees and SSA actuaries’ calculations should be presented to the public. However, the table below summarizes the results of the main assumption changes the panel recommended to the Social Security Trustees. If all were adopted, Social Security’s long-term funding shortfall would rise from 2.68% of taxable payroll to 3.42%.
Click here to access the report.