## Summary Measures and Graphs

__Description of Proposed Provision__:

E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2020-2029). Provide benefit credit for earnings up to the revised taxable maximum.

__Description of Proposed Provision__:

E3.1: Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in 2020-2029). Provide benefit credit for earnings up to the revised taxable maximum.

*Estimates based on the intermediate assumptions of the 2019 Trustees Report*

Summary Measures | |||||||
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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 |
||

-2.78 | -4.11 | 0.73 | 0.56 | 26% | 14% |