WASHINGTON, D.C. – Every year, the Board of Trustees for the Social Security and Medicare Trust Funds are required to release reports by April 1 on the financial health of Social Security and Medicare. These reports help inform lawmakers about the financial status of these important programs, on which millions of seniors and individuals with disabilities rely. Unfortunately, year after year, the Trustees fail to meet that statutory deadline and create more unnecessary uncertainty about the future of these programs.
Today, Ways and Means Social Security Subcommittee Chairman Sam Johnson (R-TX) and Health Subcommittee Chairman Pat Tiberi (R-OH) sent a letter to Treasury Secretary Jacob Lew, in his capacity of Managing Trustee, asking why these reports are overdue and when Congress can expect them.
In the letter to Secretary Lew, the Chairmen wrote:
“The Trustees Reports are essential to the oversight of these important programs relied on by millions of seniors and individuals with disabilities. As Managing Trustee of the Trust Funds, you are ultimately responsible for meeting the deadlines required by law. The American people rightfully expect the timely release of these reports.”
To read the full letter, click here.