Summary of Provisions That Would Change the Social Security Program

Solvency Provisions	Description of Proposed Provisions: Provisions Affecting Coverage of Employment or Earnings

Estimates based on the intermediate assumptions of the 2009 Trustees Report

		Long-range actuarial balance	Annual balance in 75th year	Long-range actuarial balance	Annual balance in 75th year
		Change from present law		Results with this provision
	Present Law, Alternative II.			-2.00	-4.34
F1	Cover newly hired State and local government employees beginning in 2010. graph \| table \| pdf-graph \| pdf-table \| memo	0.17	-0.17	-1.83	-4.51
F2	Provide for OASDI payroll tax coverage of employer provided group health insurance cost, starting in 2011. Specifically, any cost toward such group health insurance borne by employees would cease to be deductible, and the cost borne by employers would now be allocated to employees as if it had been wages, for the purpose of payroll tax (and later, benefit) calculations. Both employee and employer OASDI payroll taxes would be affected by this proposal. graph \| table \| pdf-graph \| pdf-table \| memo	1.13	0.97	-0.87	-3.37
F3	Beginning in 2010, exempt individuals with more than 180 quarters of coverage from the OASDI payroll tax. graph \| table \| pdf-graph \| pdf-table \| memo	-0.26	-0.38	-2.26	-4.72


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