B1 · Pillar B · Spending Efficiency
Social Security solvency package
A balanced package: gradual elimination of the taxable maximum over ten years; modest formula adjustment for the highest pre-retirement earnings quintile, preserving full benefits for the bottom four; raise the full retirement age from 67 to 68 over 30 years for workers now under 50; chained CPI with a minimum-benefit guarantee for low-income beneficiaries. Current-retiree benefits are not cut.
- 10-year fiscal
- −$900BSavings
- Implementation
- Years 1–20+
- Middle class
- Neutral to slightly positive
- Planetary
- Neutral
Restores 75-year solvency · Medium-High confidence
Benefits preserved for current and near-term retirees. Neutral for middle-income workers under 50.
No material climate effect.
Global precedent
Sweden’s 1990s pension reform and the United Kingdom’s phased state-pension-age increases provide models for durable, notice-rich parametric reform.
Lead mechanism
Social Security Administration; Senate Finance; House Ways and Means Subcommittee on Social Security.
Bipartisan framing
Conservative case
Restores solvency without general-fund subsidies; gradual age adjustment recognizes longevity gains.
Progressive case
High earners contribute on full earnings; formula adjustment is concentrated above the median.
Figures in this framework are illustrative directional estimates derived from publicly available data and conventional Congressional Budget Office budget-window logic. They are not official CBO scores. Any provision adopted from this framework would require formal CBO scoring before legislative consideration. This document is a policy white paper, not an introduced bill.