Proposed Provision: B7.12. Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers newly entitled to retired worker benefits in 2027 and later. Widows are held harmless from the lump-sum decision.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 152 |
2027 | 134 | 134 |
2028 | 117 | 116 |
2029 | 101 | 100 |
2030 | 84 | 83 |
2031 | 68 | 67 |
2032 | 53 | 51 |
2033 | 37 | 36 |
2034 | 22 | 20 |
2035 | 7 | 5 |
2036 | -9 | -11 |
2037 | -26 | -28 |
2038 | -43 | -45 |
2039 | -60 | -62 |
2040 | -78 | -81 |
2041 | -96 | -99 |
2042 | -115 | -118 |
2043 | -135 | -137 |
2044 | -154 | -157 |
2045 | -174 | -177 |
2046 | -194 | -197 |
2047 | -215 | -218 |
2048 | -235 | -238 |
2049 | -256 | -259 |
2050 | -277 | -280 |
2051 | -299 | -302 |
2052 | -320 | -323 |
2053 | -342 | -345 |
2054 | -364 | -367 |
2055 | -386 | -389 |
2056 | -409 | -412 |
2057 | -431 | -434 |
2058 | -455 | -458 |
2059 | -478 | -481 |
2060 | -502 | -505 |
2061 | -527 | -530 |
2062 | -553 | -556 |
2063 | -579 | -582 |
2064 | -605 | -608 |
2065 | -632 | -635 |
2066 | -660 | -663 |
2067 | -688 | -691 |
2068 | -716 | -719 |
2069 | -745 | -748 |
2070 | -774 | -777 |
2071 | -803 | -807 |
2072 | -834 | -837 |
2073 | -864 | -867 |
2074 | -895 | -899 |
2075 | -927 | -930 |
2076 | -960 | -963 |
2077 | -993 | -996 |
2078 | -1027 | -1030 |
2079 | -1062 | -1066 |
2080 | -1098 | -1101 |
2081 | -1134 | -1138 |
2082 | -1172 | -1175 |
2083 | -1209 | -1213 |
2084 | -1248 | -1252 |
2085 | -1287 | -1291 |
2086 | -1327 | -1331 |
2087 | -1368 | -1372 |
2088 | -1409 | -1413 |
2089 | -1450 | -1454 |
2090 | -1491 | -1495 |
2091 | -1532 | -1536 |
2092 | -1573 | -1576 |
2093 | -1612 | -1616 |
2094 | -1651 | -1655 |
2095 | -1689 | -1693 |
2096 | -1727 | -1730 |
2097 | -1764 | -1767 |
2098 | -1801 | -1804 |
2099 | -1838 | -1841 |
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