A Fix For The Disability Trust Fund

In the final three months of 2016, the Social Security Disability Insurance trust fund will run out of money and beneficiaries will see an immediate 20 percent cut in benefits. Fortunately, there’s an easy fix: Congress can simply reallocate a small amount of payroll tax income from the larger Social Security retirement fund to the disability fund. In fact, this routine move has been done 11 times over the past several decades. And because the disability fund is so small compared to the general retirement fund, the fix would extend disability benefits until 2033 while hardly making a dent in the retirement fund.