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Social Security, which pays retirement and disability benefits to 56 million Americans, will exhaust its reserves by 2033 WSJ Each year the Trustees of the Social Security and Medicare Trust Funds issue an Annual Report on the financial status of the Trust Funds, including projections of future revenue and expenditures. (See detailed explanation of Trust Funds from SSA's Office of the Actuary.) These Annual Reports are key documents in the management of the Social Security and Medicare programs.