Proposed Provision: B6.6. Starting in 2031, provide a uniform PIA increase in the 24th year of benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 15th through the 24th years of eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 14th year of benefit eligibility. A similar additional PIA increase applies in the 43rd year of benefit eligibility (age 104), phased in from the 34th through the 43rd years of eligibility. For those past the 15th year of eligibility in 2030 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2031. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316868
20325352
20333737
20342221
203575
2036-9-12
2037-26-29
2038-43-47
2039-60-65
2040-78-84
2041-96-104
2042-115-124
2043-135-144
2044-154-165
2045-174-186
2046-194-208
2047-215-229
2048-235-251
2049-256-273
2050-277-295
2051-299-318
2052-320-341
2053-342-364
2054-364-387
2055-386-410
2056-409-434
2057-431-458
2058-455-483
2059-478-507
2060-502-533
2061-527-559
2062-553-585
2063-579-612
2064-605-640
2065-632-668
2066-660-697
2067-688-726
2068-716-756
2069-745-785
2070-774-816
2071-803-847
2072-834-878
2073-864-910
2074-895-942
2075-927-975
2076-960-1009
2077-993-1044
2078-1027-1080
2079-1062-1116
2080-1098-1153
2081-1134-1191
2082-1172-1230
2083-1209-1270
2084-1248-1310
2085-1287-1351
2086-1327-1392
2087-1368-1435
2088-1409-1477
2089-1450-1520
2090-1491-1563
2091-1532-1606
2092-1573-1648
2093-1612-1690
2094-1651-1731
2095-1689-1771
2096-1727-1810
2097-1764-1850
2098-1801-1888
2099-1838-1927
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