There are two trust funds that support Social Security benefits. The first is the Old-Age and Survivors Insurance trust fund, which pays out benefits to retirees and dependents. T

A new law is placing more urgency on lawmakers to make changes to Social Security, otherwise recipients will see lower payments in the coming years.

The annual report forecasts the date when the trust funds will run out of money, triggering sharp automatic cuts in benefits. Here’s what you need to know.