Fitzpatrick, Skemp & Associates, LLC
No Fees Unless We Win Free Consultation
608-406-2282 866-821-1345
Serving Injured And Disabled Clients In Minnesota and Wisconsin

What exactly is meant by 'Social Security trust fund'?

When you think of Social Security benefits, what do you think of? Do you think mainly of old-age benefits or disability benefits? Are these benefits paid from a single account, or are there separate trusts for old-age beneficiaries and beneficiaries who are unable to work because of injury or illness?

We started this blog in large part to clarify the answers to those questions. La Crosse-area residents with Social Security concerns are encouraged to visit our SSDI and SSI pages to learn more.

The truth is that most Americans tend to think generally about Social Security issues, but it's the specifics that we should focus on when trying to preserve a system that serves as a lifeline for so many people. For example, when politicians talk about the Social Security trust fund, we should know exactly what they're talking about.

There are two trust funds to be concerned with here: the old-age fund and the disability fund. And there are various ways of determining how long those funds will last if we as a nation continue on the current path.

A Congressional Budget Office report from 2012 projected that the Social Security Disability Insurance fund will run out in 2016 if steps aren't taken to prevent that from happening. Meanwhile, the CBO projected that the Old Age and Survivors Insurance fund will last until 2038 if we keep going on the current path.

But the disability funds have run short in the past, and in those cases, lawmakers have transferred money from the old-age fund into the disability fund. So when politicians and the budget office say the "Social Security trust fund," they're often referring to both funds at once.

The budget office report indicates that the both funds combined will be exhausted in 2034. That is, unless legislators make some changes to the system.

Of course, we can discuss national figures all day, but doing so doesn't necessarily translate to the immediate concerns of disabled individuals who need benefits and need them soon. Wisconsin residents or their family members would do well to apprise themselves of their legal options for receiving disability benefits.

Source:, "Rep. Marcy Kaptur says Social Security trust fund is sound into future," May 15, 2013

Email Us For A Response

The Mission Starts With A Free Consultation

We handle most cases on a contingency basis. We will not ask you to pay any fees unless we are successful in getting you compensation. If you have questions or would like to learn more about how we can help you, call us at 608-406-2282, or toll free at 866-821-1345. You can also reach us by completing our online contact form to discuss your case with an experienced La Crosse personal injury attorney.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Fitzpatrick, Skemp & Associates, LLC
123 7th St S
La Crosse, WI 54601

Toll Free: 866-821-1345
Phone: 608-406-2282
Fax: 608-784-4908
La Crosse Law Office Map