B. SOCIAL SECURITY AMENDMENTS SINCE THE 2014 REPORT Since the Trustees submitted the 2014 report to Congress, there have been several legislative and executive actions that are expected to have notable effects on the OASDI program. On November 20, 2014, the President announced a series of executive actions on immigration. These actions include enhancing security at our nation’s borders, expanding the existing program for certain undocumented children, creating a new program for certain undocumented parents that provides them with protection from deportation and the opportunity to work legally, and allowing additional entrepreneurs to enter the country as legal permanent residents. Due to a federal court order in February 2015, implementation of the actions affecting undocumented children and parents was on hold when the projections presented in this report were developed. The estimates in this report assume this court order will be temporary and that the actions will proceed by the end of 2015. These executive actions are projected to have a small but significant net positive impact on the financial status of the OASDI program over both the short-range and long-range projection periods. On December 18, 2014, the President signed into law Public Law 113-270, the No Social Security for Nazis Act. The law amends the Social Security Act “to provide for the termination of Social Security benefits for individuals who participated in Nazi persecution, and for other purposes.” Due to the very small number of individuals affected, this law is projected to have a negligible financial impact over both the short-range and long-range projection periods. On December 19, 2014, the President signed into law Public Law 113-295. Division B of the law is the Stephen Beck, Jr., Achieving a Better Life Experience (ABLE) Act of 2014. This act contains one provision related directly to the DI program. Currently, DI benefits are offset for DI beneficiaries who receive both workers’ compensation payments and DI benefits. The ABLE Act changes the age at which the workers’ compensation offset ends from age 65 to the normal retirement age (currently age 66). This law is projected to have a negligible financial impact on the DI program over both the short-range and long-range projection periods. Sections IV.A.4 and IV.B.6 of this report provide further description of the magnitude of the effects of the executive actions on the financial status of the OASDI program.
