__Description of Proposed Provision__:

C2.1: Increase the earliest eligibility age (EEA) by two months per year for those age 62 starting in 2019 and ending in 2036 (EEA reaches 65 for those age 62 in 2036).

*Estimates based on the intermediate assumptions
of the 2017 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 |
||

-2.83 | -4.48 | -0.07 | -0.42 | -2% | -9% |