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Ron Johnson: “When the trust funds run out of the retirement benefits…”

Featuring: Ron Johnson, Republican | U.S. Senate, Wisconsin

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Sen. Johnson speaking at Senate Budget Committee Hearing.

Published | Video Starts at 04:23

Approximately? I think it's around a 20% cut in disability insurance benefits in early 20s, early fiscal year 2017 under current law. And then When the trust funds run out of the retirement benefits right now somewhere around 2033...reduction in benefits when we run out of that trust fund. Again, Senator, I think the reduction is on the order of about 20% relative to current law benefits. And again, I appreciate during the special conferences we had last December, was it last December? (04:23–04:38)

CLAIM

Asserts that retirement benefits trust funds are projected to run out around 2033.

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