Oh, I didn't realise that this proposal had been adopted!
I read[0] that "It will take about 50,000 years for a mean solar day to lengthen by one second (at a rate of 2 ms per century)" and "The [accumulated] difference between UTC and UT would reach 0.5 hours after the year 2600 and 6.5 hours around 4600" which I expect will be sufficient to take us through to the time where we will no longer need co-ordinated time or an IERS.
[0] https://gist.github.com/timvisee/fcda9bbdff88d45cc9061606b4b...
23:59:60 happens when we add leap seconds to the clock, for instance...