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Summary Measures and Graphs
Level of Monthly Benefits

Description of Proposed Provision:
Beginning with those newly eligible for OASI benefits in 2022, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2059. Beginning with those newly eligible for OASI benefits in 2017, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2054. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.

Estimates based on the intermediate assumptions of the 2014 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present 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
-2.88 -4.90 2.00 5.40 69% 110%


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 September 18, 2014