NW Plan: Combined OAS and DI Triggers

(Update: input numbers by Coberly the Office of the Actuary of SSA; calculations and output numbers by Coberly)




Click to enlarge. This is what the result of implementing DI and OAS Triggers immediately would look like. 100% of scheduled benefits, no increase in retirement age, ending Trust Fund ratio of 123. This should be considered a baseline for policy, it may be that we would want to target policy in ways that would reduce ultimate tax rates, and it may be that the economy just does that for us. But this is what a tax based fix looks like: a couple of years of adjustments initially, a decade of small adjustments after 2026, followed by long stretches when no changes need be made at all.