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Summary of Provisions That Would Change the Social Security Program |
Description of Proposed Provisions:
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Estimates based on the intermediate assumptions of the 2012 Trustees Report
Printer-friendly Version (PDF) |
Change from present law | Results with this provision | |||||
---|---|---|---|---|---|---|
Long-range actuarial balance |
Annual balance in 75th year |
Long-range actuarial balance |
Annual balance in 75th year |
|||
  | Present Law, Alternative II. |
  |   | -2.67 | -4.50 | |
D1 |
Beginning in 2013, continue benefits for children of disabled or deceased
workers until age 22 if the child is in high school, college or vocational school.
graph | table | pdf-graph | pdf-table | memo (Moore) | memo (National Academy of Social Insurance) |
-0.07 | -0.06 | -2.73 | -4.57 | |
D2 |
The current spouse benefit is based on 50 percent of the PIA of the other spouse.
Reduce this percent each year by 1 percentage point beginning with newly eligible
spouses in 2013, until the percent reaches 33 in 2029.
graph | table | pdf-graph | pdf-table | memo (National Academy of Social Insurance) |
0.12 | 0.18 | -2.54 | -4.33 |
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