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Summary Measures and Graphs

Updated May 3, 2006  
Level of Monthly Benefits (PIA)

Description of Proposed Provision:
Beginning with those newly eligible in 2013, multiply the 90 and 32 PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions in 2050. Beginning with those newly eligible in 2008, multiply the 15 factor by 0.982. Stop reduction of the 15 factor in 2045. DI will have present law scheduled benefit and proportional reduction at conversion to retired worker benefits at normal retirement age, based on years of disability.

Estimates based on the intermediate assumptions of the 2005 Trustees Report

Summary Measures
[As a percentage of taxable payroll]
Present Law 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		 Long-range
actuarial
balance		 Annual
balance in
75th year
-1.92 -5.70 2.08 5.78 0.15 0.08


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