## Summary Measures and Graphs

__Description of Proposed Provision__:

A1: Starting December 2022, reduce the annual COLA by 1 percentage point.

__Description of Proposed Provision__:

A1: Starting December 2022, reduce the annual COLA by 1 percentage point.

*Estimates based on the intermediate assumptions of the 2021 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 |
||

-3.54 | -4.34 | 1.95 | 2.47 | 55% | 57% |