Summary Measures and Graphs
Description of Proposed Provision:
A1: Starting December 2023, reduce the annual COLA by 1 percentage point.
Estimates based on the intermediate assumptions
of the 2022 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 |
||
-3.42 | -4.25 | 1.93 | 2.45 | 56% | 58% |