Description of Proposed Provision:
B4.5: For retired and disabled workers, reduce the maximum number of dropout years to 4 for workers newly eligible in 2019, to 3 for workers newly eligible in 2020, and to 2 for workers newly eligible in 2021 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 | 0.36 | 0.52 | 13% | 12% | ||
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