Proposed Provision: B7.11. Beginning in January 2024, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196192
2025178173
2026159153
2027141134
2028122114
202910495
20308575
20316656
20324636
20332716
20347-4
2035-13-25
2036-33-46
2037-54-67
2038-76-89
2039-97-111
2040-119-134
2041-142-156
2042-165-179
2043-188-203
2044-211-226
2045-235-250
2046-258-273
2047-282-297
2048-306-321
2049-330-345
2050-354-369
2051-378-394
2052-403-418
2053-427-443
2054-452-467
2055-477-492
2056-502-517
2057-527-542
2058-552-567
2059-578-592
2060-604-618
2061-630-644
2062-657-671
2063-684-697
2064-712-725
2065-740-752
2066-768-780
2067-796-809
2068-825-837
2069-855-866
2070-884-895
2071-914-925
2072-945-955
2073-976-986
2074-1007-1017
2075-1039-1049
2076-1071-1081
2077-1105-1115
2078-1139-1149
2079-1175-1184
2080-1211-1220
2081-1248-1257
2082-1286-1294
2083-1324-1332
2084-1363-1371
2085-1403-1410
2086-1443-1450
2087-1483-1489
2088-1524-1529
2089-1564-1568
2090-1604-1607
2091-1643-1645
2092-1681-1683
2093-1718-1719
2094-1754-1754
2095-1789-1790
2096-1825-1824
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