Social Security will not be able to fully pay monthly benefits to tens of millions of retirees and people with disabilities in 2034 if lawmakers don’t act to address the program’s pending shortfall, according to an annual report released Wednesday by Social Security’s trustees.

A review from Social Security trustees has given the program until 2034 until it runs out of money, which is one year earlier than anticipated. For the millions of people dependent on the monthly payments and counting on them as they look ahead to retirement,