The Social Security Administration has released its 2015 annual report of the federal old-age and survivors insurance and federal disability insurance trust funds. In this report, the agency concluded that instead of shrinking its government aid programs and cutting down on financial assistance to beneficiaries, the agency plans on expanding its programs.
Social Security trustees note that the Social Security Disability Insurance program’s trust fund will have $2.758 trillion come end of 2015.
The report also forecasts that the “annual cost for the OASDI (Old Age, Survivor, and Disability Insurance) program will exceed noninterest income in 2015 and remain higher throughout the remainder of the long-range period”.
If you would like to pursue Social Security disability benefits, our legal team at the Chris Mayo Law Firm in San Antonio can represent you in your endeavor. If you have any questions or would like to set up an appointment with a member of our team, call our offices today at (210) 899-5440.