## Summary Measures and Graphs

__Description of Proposed Provision__:

A2: Starting December 2024, reduce the annual COLA by 0.5 percentage point.

__Description of Proposed Provision__:

A2: Starting December 2024, reduce the annual COLA by 0.5 percentage point.

*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 | 1.02 | 1.30 | 28% | 30% |