Summary Measures and Graphs
Description of Proposed Provision:
D6: For spouses and children of retired and disabled workers becoming newly eligible beginning in 2031 and phased in for 2031 through 2040, limit their auxiliary benefit to one-half of the PIA for a hypothetical worker with earnings equal to the national average wage index (AWI) each year.
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 | 0.07 | 0.12 | 2% | 3% |