__Description of Proposed Provision__:

B3.10: Beginning with those newly eligible for OASDI benefits in 2024, gradually increase the first PIA bend point in each year so that it is 15 percent higher for those newly eligible in 2038 and later.

*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 | -0.37 | -0.71 | -13% | -16% |