Page 8 - Social Securiyt - Re-Inventing It
P. 8
• The AFCRA plan replaces the annual Social Security wage cap with an annual Base Line Assessment or
BLA, and here’s how the BLA is established
• The BLA is based on the percent relationship between the previous years Gross Domestic Product, and
the same time frame Social Security retiree obligation.
• If the AFCRA BLA had been in effect in 2009, the BLA would have been 3.51% of all income based on the
2008 percent relationship between the 2008 GDP, and 2008 SS retiree obligation
• The 2018 BLA would have been 4.16% of all income based on the 2017 Social Security retiree obligation’s
percent relationship to the 2017 Gross Domestic Product
