Proposed Provision: B6.6. Starting in 2030, 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 2029 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2030. 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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324342
20332524
203475
2035-12-14
2036-31-34
2037-51-54
2038-70-75
2039-91-97
2040-112-119
2041-133-141
2042-154-164
2043-176-186
2044-198-210
2045-220-233
2046-243-256
2047-265-280
2048-288-304
2049-311-328
2050-333-352
2051-357-377
2052-380-401
2053-403-426
2054-427-451
2055-450-475
2056-474-500
2057-498-525
2058-522-551
2059-547-576
2060-572-603
2061-597-629
2062-623-657
2063-650-685
2064-677-713
2065-705-742
2066-733-771
2067-762-801
2068-791-831
2069-820-862
2070-850-893
2071-880-924
2072-911-956
2073-942-988
2074-974-1021
2075-1006-1055
2076-1039-1089
2077-1074-1125
2078-1108-1161
2079-1144-1198
2080-1181-1236
2081-1218-1275
2082-1256-1315
2083-1294-1355
2084-1333-1395
2085-1373-1436
2086-1413-1478
2087-1453-1520
2088-1494-1562
2089-1534-1604
2090-1574-1646
2091-1613-1687
2092-1651-1727
2093-1689-1767
2094-1726-1806
2095-1762-1844
2096-1798-1882
2097-1833-1919
2098-1868-1956
back