## Summary Measures and Graphs

__Description of Proposed Provision__:

B6.2: Provide the same dollar amount increase to the monthly benefit amount (MBA) of any beneficiary who is 85 or older at the beginning of 2024 or who reaches their 85th birthday after the beginning of 2024. The dollar amount of increase equals 5 percent of the average retired-worker MBA in the prior year.

__Description of Proposed Provision__:

B6.2: Provide the same dollar amount increase to the monthly benefit amount (MBA) of any beneficiary who is 85 or older at the beginning of 2024 or who reaches their 85th birthday after the beginning of 2024. The dollar amount of increase equals 5 percent of the average retired-worker MBA in the prior year.

*Estimates based on the intermediate assumptions of the 2023 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 |
||

-3.61 | -4.35 | -0.13 | -0.17 | -4% | -4% |