Social Security’s trust fund crisis: New bipartisan plan would invest in markets to save retiree benefits
New bipartisan blueprint aims to avert a 23 percent benefit cut by redirecting part of the trust fund into stocks and bonds. The Social Security Board of Trustees warns that the Old‑Age and Survivors Insurance (OASI) reserve will run dry by 2033, slicing benefits to 77 percent of today’s promise. Senators Bill Cassidy (R‑La.) and Tim Kaine (D‑Va.) think … Read more