Disability Insurance (DI) Trust Fund Now Solvent Through 2022
On November 2, 2015, President Obama signed the Bipartisan Budget act of 2015 into law. The bill extends the solvency of the DI Trust Fund through 2022, effectively staving off a 19% benefit cut that would have taken effect at the end of 2015. The law includes a number of other provisions, such as raising the debt ceiling into the first part of 2017 following the presidential election, increasing non-defense discretionary spending, setting parameters for the federal budget for the next two years, thus reducing the likelihood of a government shutdown, and putting off an increase in Medicare Part B… Learn More