All in Business

Social Security Board of Trustees: combined trust funds projected depletion one year sooner than last year

The Social Security Board of Trustees today 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 Disability Insurance (OASI and DI) Trust Funds are projected to become depleted in 2034, one year earlier than projected last year, with 78 percent of benefits payable at that time.

FREE Sounds of Summer Concert featuring Simerson Hill

The Sounds of Summer music event, hosted by the Lexington area Chamber of Commerce, is scheduled for August 14 at the Breeden Insurance Amphitheater in Lexington. Gates open to the public at 3 p.m. at the main event entrance on East Third Ave. The event will feature live music from four phenomenal bands, adult beverages and a variety of food truck vendors. Rain or shine, this highly-anticipated event is sure to be one of Lexington’s biggest, and best, music events of the summer. Best of all, it’s absolutely FREE!