Summary Measures and Graphs

Description of Proposed Provision:
B3.9: Beginning with those newly eligible for OASDI benefits in 2037, gradually reduce the 15 percent PIA factor in each year so that it reaches 10 percent for those newly eligible in 2066 and later.

Estimates based on the intermediate assumptions of the 2024 Trustees Report
Summary Measures
Current law
[percent of payroll]		 Change from current law
[percent of payroll]		 Shortfall eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-3.50 -4.64 0.10 0.27 3% 6%

graph of OASDI cost rates and income rates by year, under current law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under current law and provision. click on graph to view underlying data.