We will have to raise rates to 6.8. 7.5. 7.8. 7.9. 8.1 and that does meet the criterion for close actuary balance. This reflects the demographic changes that we anticipate will begin in about 30 years from now and will take place over the next 30 years. These are always best estimates of birth rates and immigration rates. and any actuary will tell you it is a demanding task and necessarily an imprecise one. but we know a lot more about this than we did 55 years ago. and never in those years have benefits been a day late or dollar short. But the Senator is correct. in the third decade of the next century. there will have to be a gradual increase.
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immigration