Summary Measures and Graphs
Description of Proposed Provision:
C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2022 and ending in 2039 (EEA reaches 65 for those age 62 in 2039).
Estimates based on the intermediate assumptions
of the 2020 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 |
||
-3.21 | -4.51 | -0.09 | -0.43 | -3% | -9% |