Washington Democrats have some proposals to strengthen Social Security with 13 years to go before its funds run out

On July 13, 2015, activists rallied in front of the White House in favor of expanding Social Security benefits.

Sen. Mazie Hirono of Hawaii and Rep. Ted Deutch of Florida reintroduced Social Security reform legislation last week.

The Protecting and Preserving Social Security Act aims to extend the program's ability to pay benefits.

It is projected that the combined funds of the program will run out in 2035, at which point 80% of benefits will be payable.

According to an analysis by the Social Security Administration's Office of the Chief Actuary, 

Hirono and Deutch's plan would delay the depletion date until 2052. By the end of the projected 

75-year period, the federal deficit would be reduced by about $12.3 trillion.

Every day, I hear seniors in my district talk about how important their Social Security checks 

Are to their quality of life and their survival," Deutch said. As a result of this bill, 

These lifesaving benefits will not only be maintained, but will be strengthened for decades to come.

Social Security's funds are projected to run out in 13 years, but other Democrats have also proposed 

Extending that timeline and increasing benefits. In June, Senators Sanders, I-VT, and Elizabeth Warren,

D-MA, introduced the Social Security Expansion Act along with Rep. Peter DeFazio, D-OR,

Who introduced the companion House legislation. Meanwhile, another bill, Social Security 2100:

A Sacred Trust, has been introduced. The bill was reintroduced in October by Rep. John Larson, D-Conn.

Swipe Up to Read More Stories

Swipe Up