Proposed Provision: Effective in 2015, provide a 5-percent uniform PIA increase 20 years after eligibility. The benefit increase is phased in at 1 percent per year from the 16th through 20th years after initial eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302300
2016290286
2017277273
2018265260
2019253247
2020240234
2021227219
2022212204
2023197188
2024181171
2025164154
2026147136
2027129117
202811097
20299077
20307056
20314933
20322711
20335-13
2034-18-36
2035-41-61
2036-65-86
2037-89-111
2038-114-137
2039-138-163
2040-163-189
2041-189-216
2042-215-243
2043-240-270
2044-266-298
2045-292-325
2046-319-354
2047-346-382
2048-373-411
2049-400-440
2050-428-469
2051-456-499
2052-484-529
2053-512-559
2054-540-589
2055-569-620
2056-598-651
2057-628-682
2058-657-714
2059-688-746
2060-719-779
2061-750-812
2062-782-846
2063-814-880
2064-847-914
2065-880-949
2066-913-984
2067-946-1020
2068-980-1055
2069-1014-1091
2070-1049-1128
2071-1084-1165
2072-1120-1203
2073-1156-1241
2074-1193-1280
2075-1230-1320
2076-1268-1360
2077-1307-1401
2078-1346-1442
2079-1385-1484
2080-1425-1526
2081-1465-1569
2082-1505-1612
2083-1547-1655
2084-1588-1699
2085-1631-1744
2086-1673-1789
2087-1717-1835
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