## Summary Measures and Graphs

__Description of Proposed Provision__:

B3.11: Increase the first PIA factor from 90 percent to 93 percent for all beneficiaries eligible as of January 2021 and for those newly eligible for benefits after 2020.

__Description of Proposed Provision__:

B3.11: Increase the first PIA factor from 90 percent to 93 percent for all beneficiaries eligible as of January 2021 and for those newly eligible for benefits after 2020.

*Estimates based on the intermediate assumptions of the 2019 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 |
||

-2.78 | -4.11 | -0.24 | -0.26 | -9% | -6% |