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Summary Measures and Graphs

Description of Proposed Provision:
Beginning with those newly eligible for OASDI benefits in 2014, gradually increase the first PIA bend point in each year so that it is 15 percent higher for those newly eligible in 2023 and later.

Estimates based on the intermediate assumptions of the 2012 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
-2.67 -4.50 -0.45 -0.71 -3.12 -5.22


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 4, 2013