Description of Proposed Provision:
B7.4: Increase benefits by 2 percent for all beneficiaries as of the beginning of 2018 and for those newly eligible for benefits after the beginning of 2018.
Estimates based on the intermediate assumptions of the 2017 Trustees Report
Summary Measures | |||||||
---|---|---|---|---|---|---|---|
Current law [percent of payroll] |
Change from current 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 |
||
-2.83 | -4.48 | -0.31 | -0.34 | -11% | -7% |