Summary Measures and Graphs
Description of Proposed Provision:
B3.15: Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2027, 92 percent for those newly eligible in 2028, ..., reaching 95 percent for those newly eligible in 2031 and later.
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 | -0.29 | -0.43 | -8% | -10% |