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Summary Measures and Graphs
Level of Monthly Benefits (PIA)

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2016 and later, reduce PIA formula factors so that benefits grow by inflation rather than by increases in real wages.

Estimates based on the intermediate assumptions of the 2009 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
-2.00 -4.34 2.28 7.16 0.27 2.82


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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Last reviewed or modified August 26, 2009