Description of Proposed Provision:
A2: Starting December 2019, reduce the annual COLA by 0.5 percentage point.
Estimates based on the intermediate assumptions of the 2018 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 |
||
-2.84 | -4.32 | 0.94 | 1.25 | 33% | 29% |