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Summary Measures and Graphs
Level of Monthly Benefits (PIA)

Description of Proposed Provision:
Starting in 2011, provide a 5% uniform benefit increase, beginning 20 years after eligibility. The benefit increase would be phased in at 1% per year from the 20th through 24th years after initial benefit eligibility. For disabled workers the eligibility age would be the initial entitlement year to the benefit. The benefit increase is equal to 5% of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

Estimates based on the intermediate assumptions of the 2010 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 -4.12 -0.15 -0.23 -2.07 -4.35


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 March 2, 2011