## Summary Measures and Graphs

__Description of Proposed Provision__:

B3.15: Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2025, 92 percent for those newly eligible in 2026, ..., reaching 95 percent for those newly eligible in 2029 and later.

__Description of Proposed Provision__:

B3.15: Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2025, 92 percent for those newly eligible in 2026, ..., reaching 95 percent for those newly eligible in 2029 and later.

*Estimates based on the intermediate assumptions of the 2020 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 |
||

-3.21 | -4.51 | -0.28 | -0.44 | -9% | -10% |