Proposed Provision: B6.3. Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2023 or who reaches their 85th birthday after the beginning of 2023. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2022, or at the end of the year age 80 if later. Increase the beneficiary's PIA by 5 percent of this amount for those older than 85 at the beginning of 2023 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2021253253
2022231231
2023214212
2024196194
2025178176
2026159157
2027141138
2028122119
2029104100
20308581
20316661
20324642
20332722
203471
2035-13-19
2036-33-40
2037-54-62
2038-76-84
2039-97-106
2040-119-129
2041-142-152
2042-165-175
2043-188-199
2044-211-223
2045-235-248
2046-258-272
2047-282-297
2048-306-321
2049-330-346
2050-354-371
2051-378-396
2052-403-422
2053-427-447
2054-452-473
2055-477-499
2056-502-524
2057-527-550
2058-552-576
2059-578-603
2060-604-630
2061-630-657
2062-657-684
2063-684-712
2064-712-740
2065-740-769
2066-768-798
2067-796-827
2068-825-857
2069-855-887
2070-884-918
2071-914-948
2072-945-980
2073-976-1011
2074-1007-1043
2075-1039-1076
2076-1071-1109
2077-1105-1144
2078-1139-1179
2079-1175-1216
2080-1211-1253
2081-1248-1291
2082-1286-1329
2083-1324-1369
2084-1363-1409
2085-1403-1450
2086-1443-1491
2087-1483-1532
2088-1524-1574
2089-1564-1616
2090-1604-1657
2091-1643-1697
2092-1681-1736
2093-1718-1774
2094-1754-1811
2095-1789-1848
2096-1825-1885
back