Summary Measures and Graphs
Description of Proposed Provision:
B1.1: Price indexing of PIA factors beginning with those newly eligible for OASDI benefits in 2028: Reduce factors so that initial benefits grow by inflation rather than by the SSA average wage index.
Estimates based on the intermediate assumptions
of the 2021 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 |
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-3.54 | -4.34 | 2.74 | 7.31 | 78% | 168% |