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Summary Measures and Graphs
Level of Monthly Benefits

Description of Proposed Provision:
Reduce benefits by 3 percent for those newly eligible for benefits in 2016 and later.

Estimates based on the intermediate assumptions of the 2015 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present 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
-2.68 -4.65 0.37 0.51 14% 11%


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 September 1, 2015