Summary Measures and Graphs
Description of Proposed Provision:
B3.13: For retired worker beneficiaries newly eligible in 2032 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $1,226 in 2025 to $1,559 in 2025. Phase this provision in over 10 years (2032-2041). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2032, 80% of CL formula + 20% of proposal formula for 2033, and so on.
Estimates based on the intermediate assumptions
of the 2025 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 |
||
-3.82 | -4.84 | 0.10 | 0.22 | 3% | 5% |
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