Trustees project Social Security will run out of funds for its disability fund by 2016, according to WSB-TV.
Here are five notes:
1. There are 11 million people in the United States presently receiving disability and will face severe cuts in 2016.
2. If experts are correct in their projections, the loss of money will trigger a 19 percent cut in benefits. The average beneficiary would lose $193 each month.
3. Many strongly advocate for Congress to act to combat the loss of funds. Congress could shift tax revenue from Social Security's retirement fund, which it has done previously.
4. Republicans strongly oppose these plans and want disabled people to re-enter the work force.
5. Trustees stated the retirement fund has enough money to pay full benefits until 2035 with Social Security being fully able to collect enough in payroll taxes to pay about 75 percent of benefits at that point. The combination of the retirement and disability funds would have ample money to pay full benefits until 2034.
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