2016 OASDI Trustees Report

skip to main content
Table of Contents Previous Next Tables Figures Index

Since the Trustees submitted the 2015 report to Congress, one law has been enacted that is expected to have notable effects on the OASDI program.
On November 2, 2015, the President signed into law Public Law 114-74, the Bipartisan Budget Act of 2015. Several sections of the law directly affect the actuarial status of the Social Security program:
In total, this law is expected to have a small but significant net positive financial impact over both the short-range and long-range projection periods. In addition, it significantly improves the status of the DI Trust Fund in the short term, largely due to a temporary tax rate reallocation from the OASI Trust Fund to the DI Trust Fund.
In addition to the change in law, estimates in this report reflect an assumed delay in implementation of portions of the President's 2014 executive actions on immigration. Specifically, the courts have held up implementation of the provision of legal work and residence status for certain individuals who entered the country as children (deferred action for childhood arrivals, or DACA) and the provision for similar status for certain parents of children born in the U.S. or otherwise living in the country legally (deferred action for parents of Americans, or DAPA). As of the time this report was drafted, the Administration is pursuing remedy through the Supreme Court. Last year's report assumed that these actions would become effective late in 2015, with individuals gaining authorization starting around the beginning of 2016. This report assumes that these actions will be implemented one year later, with authorizations beginning at the start of 2017. This assumed delay in implementation has a negligible effect on the financial status of the OASDI program.
Sections IV.A.4 and IV.B.6 of this report provide further description of the magnitude of the effects of these changes on the financial status of the OASDI program.

Table of Contents Previous Next Tables Figures Index
SSA Home | Privacy Policy | Website Policies & Other Important Information | Site Map | Actuarial Publications June 22, 2016