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Social Security disability fund projected to be depleted in 2016

Social Securitys Disability Insurance trust fund will run out of reserves next year without congressional action, trustees said.

By Kasia Klimasinska | Updated on July 22, 2015

(Bloomberg) — Social Security’s Disability Insurance trust fund will run out of reserves next year without congressional action, trustees said, urging U.S. lawmakers to address the nation’s unsustainable entitlement programs.

Beyond 2016, continuing income will be sufficient to pay 81 percent of scheduled disability payments, trustees said in an annual report released in Washington on Wednesday.

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