Policy Option Projections
Below are our projections of the effects of various retirement policy proposals on Social Security beneficiaries. For each proposal, we also link to SSA's actuarial projections of the effects on the Social Security trust fund.
- Benefit Formula
Changes - Cost of Living
Adjustment Changes - Covered Worker
Changes - Retirement
Age Increases - Taxation
Changes
Covered Worker Changes
| Proposal | Start/End Date(s) | Proposed by? | Projected Effects on… | |
|---|---|---|---|---|
| Beneficiaries in… | Trust Fundsa | |||
| Cover all newly hired state and local workers | 2012/NA | SSAB | 2030 | 2050 | 2070 | OACT F1 |
NOTE: OACT = Office of the Chief Actuary, SSAB = Social Security Advisory Board.
a. Because the timing of OACT updates to Trust Fund projections may not coincide with the timing of our updates, the specifications used to make these projections (e.g., years and amounts) may differ.