This Snapshot Report, which is intended to provide a brief presentation of intermediate results, documents impacts on earnings and benefit outcomes—that is, earnings under the benefit offset relative to earnings under current rules—during the year the demonstration was launched, 2011. The report compares benefit and employment outcomes for all Stage 1 treatment subjects (T1) to those for control subjects (C1). Given the midyear launch of the demonstration and the time necessary for beneficiaries to respond, impacts during the period covered by this report were expected to be small and then grow in subsequent years. The report is the first in a series of annual reports that will track impacts through 2017. The evaluation team will produce a parallel series of Snapshot Reports for Stage 2.