The NARSSA Team
June 9, 2026 In the News
The 2026 Social Security Trustees Report was released today. The annual Trustees Report provides an important look at the financial status and long-term outlook of the Social Security program.
The newly released 2026 Social Security Trustees Report re-emphasizes the need to strengthen the program’s trust funds and ensure the long-term sustainability of benefits. The report projects that the combined Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds will be able to pay full scheduled benefits through 2034. However, the OASI Trust Fund alone is projected to become depleted in the fourth quarter of 2032, one quarter earlier than projected in last year’s report. At that time, continuing program income would be sufficient to pay 78 percent of scheduled benefits from the OASI Trust Fund.
“It is imperative that action is taken sooner, rather than later, to phase in a broad range of solutions to strengthen the Social Security trust funds and provide the public with adequate time to prepare,” said Martha Shedden, President and Co-Founder of the National Association of Registered Social Security Analysts.
There are several trust funds within the Social Security and Medicare programs, including the Old-Age and Survivors Insurance (OASI), Disability Insurance (DI), Hospital Insurance (HI), and Supplemental Medical Insurance (SMI) Trust Funds. Below is a summary of the projected financial status of each:
● The Trustees Report projects that the Old-Age and Survivors Insurance (OASI) Trust Fund will be able to pay 100 percent of scheduled benefits through the fourth quarter of 2032. The reserves depletion date advanced by one calendar quarter relative to last year’s projection. Once reserves are depleted, continuing program income would be sufficient to pay 78 percent of scheduled benefits.
● If the OASI and Disability Insurance (DI) Trust Funds are considered on a combined basis, the resulting OASDI Trust Funds are projected to be able to pay 100 percent of scheduled benefits through 2034. At that point, continuing income would be sufficient to pay 83 percent of scheduled benefits.
● The Hospital Insurance (HI) Trust Fund is projected to be able to pay 100 percent of scheduled benefits through 2033. At that time, reserves would become depleted, and continuing program income would be sufficient to pay 89 percent of scheduled benefits.
● The Supplemental Medical Insurance (SMI) Trust Fund is projected to remain adequately financed into the indefinite future because, unlike the other trust funds, its primary financing sources—beneficiary premiums and federal government contributions—are automatically adjusted each year to cover projected costs.
Overall, the Trustees Report reflects the ongoing financial challenges facing Social Security while reinforcing the importance of timely legislative action to strengthen the program for current and future beneficiaries.
The full 2026 Social Security Trustees Report is available here.
Read NARSSA’s full press release.
