Since 2008 and 2012, the estimated “run dry” year in the annual trustee report has decreased from 2041 to 2033. Without surprise, the chances are low that this year’s trustee report will have good news. When the funds do run dry, incoming taxes will only be able to cover about 75 percent of the current promised benefits. The chained CPI will be of little help. Bottom line: more of your retirement income needs will be on you.

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