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Summary Measures and Graphs

Description of Proposed Provision:
Increase the earliest eligibility age (EEA) by two months every year for those age 62 starting in 2013 and ending in 2030 (EEA reaches 65 for those age 62 in 2030).

Estimates based on the intermediate assumptions of the 2011 Trustees Report

Summary Measures
[As a percentage of taxable payroll]
Present Law Change from present law Results with this provision
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
-2.22 -4.24 -0.05 -0.41 -2.27 -4.65


graph of OASDI cost rates and income rates by year, under
                 present law and provision. click on graph to view underlying
                 data. graph of OASDI trust fund ratio by year, under present law
                 and provision. click on graph to view underlying data.
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Last reviewed or modified January 5, 2012