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Social Security Releases Projected 2018 Wage Base
The Social Security Board of Trustees has released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance and the Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2034, the same as projected last year. The DI Trust Fund will become depleted in 2028, extended from last year’s estimate of 2023, with 93% of benefits still payable. The 2018 wage base is projected to be $130,500.