Proposed Provision: For OASI beneficiaries becoming eligible for benefits in 2018 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2013 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables, would be used as projected by SSA's Office of the Chief Actuary. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

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

Year Present Law Provision
2005320320
2006337337
2007355355
2008370370
2009383383
2010394394
2011404404
2012410410
2013415415
2014417417
2015418418
2016416416
2017412412
2018407407
2019401401
2020393393
2021383383
2022372372
2023360360
2024346347
2025332333
2026316318
2027299302
2028282285
2029264268
2030245250
2031225231
2032205212
2033185193
2034164173
2035143153
2036121133
203799113
20387792
20395471
20403149
2041728
2042-176
2043-41-16
2044-66-38
2045-91-61
2046-117-84
2047-143-107
2048-169-130
2049-196-154
2050-223-178
2051-251-203
2052-279-227
2053-308-253
2054-337-278
2055-367-304
2056-397-330
2057-428-357
2058-460-384
2059-492-411
2060-525-440
2061-558-468
2062-592-497
2063-626-527
2064-661-556
2065-697-587
2066-734-618
2067-772-650
2068-810-683
2069-849-716
2070-889-749
2071-930-784
2072-971-819
2073-1014-855
2074-1057-891
2075-1101-928
2076-1146-966
2077-1192-1005
2078-1238-1044
2079-1286-1083
2080-1334-1124
2081-1383-1165
2082-1433-1207
2083-1484-1250
2084-1536-1293
2085-1589-1337
back