## Summary Measures and Graphs

__Description of Proposed Provision__:

A9: For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $94,500 and for joint filers with MAGI below $189,000 for December 2023 ($85,000 and $170,000 multiplied by estimated CPI-U for 2018-2023), use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2023 COLA. For those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this determination. Index the eligibility income threshold amounts to the CPI-U after December 2023.

__Description of Proposed Provision__:

A9: For single/head-of-household/married-filing-separate taxpayers with modified adjusted gross income (MAGI) below $94,500 and for joint filers with MAGI below $189,000 for December 2023 ($85,000 and $170,000 multiplied by estimated CPI-U for 2018-2023), use the chain-weighted version of the Consumer Price Index for All Urban Consumers (C-CPI-U) to calculate the cost-of-living adjustment (COLA), beginning with the December 2023 COLA. For those beneficiaries whose MAGI is above these thresholds, provide no COLA. Use prior tax year income data for this determination. Index the eligibility income threshold amounts to the CPI-U after December 2023.

*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 | 1.51 | 2.54 | 43% | 59% |