Disability Insurance Trust Fund
The Old-Age, Survivors and Disability Insurance (OASDI) program makes monthly income available to insured workers and their families at retirement, death, or disability. The OASDI program consists of two parts. Retired workers, their families, and survivors of deceased workers receive monthly benefits under the Old-Age and Survivors Insurance (OASI) program. Disabled workers and their families receive monthly benefits under the Disability Insurance (DI) program. Benefits under both programs are paid from the Social Security Trust Funds.
The Board of Trustees of the Social Security Trust Funds 2014 Annual Report projected that the reserves of the DI Trust Fund, which have been declining since 2009, will continue declining until they are depleted in 2016. When reserves are depleted, continuing income to the DI Trust Fund will be sufficient to pay 81 percent of scheduled DI benefits.
We reviewed various proposals to identify how several scenarios would affect the DI Trust Fund.