The Social Security retirement trust fund will be exhausted in 2032, earlier than previously anticipated, the program’s trustees projected on Tuesday, meaning that senior citizens would face a cut in their benefits at that time unless Congress acts.

The trustees’ report highlights the long-term problems facing entitlement programs on which tens of millions of people rely. Workers can claim Social Security retirement beginning at age 62. Benefits increase the longer workers wait to claim them, but they cap out at a retirement age of 70.