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Public Session: Assessing Social Security’s Financial Outlook

September 3, 2021

On Friday, September 3, the Board held a public session following the release of the 2021 Old-Age, Survivors, and Disability Insurance Trustees Report. By law, the Trustees are required to report on the trust funds’ financial operations for the immediate past year, projected operations over the next 5 years, and the actuarial status. The report is the first to reflect the potential effects of the COVID pandemic. The report projects the combined reserves to become depleted in 2034, one year sooner than previously projected.

During the event, Social Security’s Chief Actuary, Steve Goss, provided a briefing on the actuarial projections of these programs. Mark Warshawsky from the American Enterprise Institute and Monique Morrissey from the Economic Policy Institute provided discussant remarks.

Assessing Social Security’s Financial Outlook

Key Documents

Agenda and Participants

September 3, 2021, 1 – 2:30 pm 
Opening Remarks:

Bob Joondeph, Chair, Social Security Advisory Board


Stephen C. Goss, Chief Actuary, Social Security Administration


Monique Morrissey, Economist, Economic Policy Institute
Mark J. Warshawsky, Senior Fellow, American Enterprise Institute


Previous Board Work

Report to the Board: 2019 Technical Panel on Assumptions and Methods
Report to the Board: 2017 Technical Panel on Labor Force Participation