Social Security and Medicare will not be able to fully pay benefits in just over a decade if lawmakers don’t act to address the pending shortfalls, according to reports released Monday by the entitlement programs’ trustees.

Officials warn that policy changes are needed lest Medicare and Social Security become unable to pay full benefits to retiring Americans.

Dire new budget projections and high-stakes policy deadlines mean lawmakers may be forced to take up the issue — or face the consequences of inaction.

Last year, the trustees projected that Social Security’s retirement trust fund would run dry in 2033, barring a Congressional fix. The government will provide an update on the fund’s financial health and expected depletion date in its annual report,