January 27, 2017

2016 Marks First Time In History Total Amount of Annual SSDI Benefit Payments Decline

For the first time in the history of the Social Security Disability Insurance (SSDI) program, the total amount of annual benefit payments to claimants declined. Reduced benefit payments coupled with increased receipts resulted in the Disability Insurance (DI) Trust Fund increasing for the first time after seven straight years of decline. The increased receipts are the result of the 2015 temporary FICA allocation change that prevented a funding shortfall and extended the DI trust fund exhaustion date from 2016 to 2022.

Trust FundSource: DI Trust Fund Data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Steve Perrigo
Written by

Steve Perrigo

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