Proposed Provision: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2014 or who reaches their 85th birthday after the beginning of 2014. Increase the beneficiary’s PIA based on an amount equal to the average retired-worker PIA at the end of 2013, or at the end of the year age 80 if later. Increase the beneficiary’s PIA by 5 percent of this amount for those older than 85 at the beginning of 2014 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

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

Year Present Law Provision
2012340340
2013329329
2014315313
2015302299
2016290286
2017277274
2018265261
2019253249
2020240236
2021227222
2022212207
2023197191
2024181175
2025164158
2026147140
2027129121
2028110102
20299082
20307061
20314939
20322717
20335-6
2034-18-30
2035-41-53
2036-65-78
2037-89-103
2038-114-128
2039-138-153
2040-163-179
2041-189-206
2042-215-232
2043-240-259
2044-266-286
2045-292-313
2046-319-340
2047-346-368
2048-373-396
2049-400-425
2050-428-454
2051-456-483
2052-484-512
2053-512-541
2054-540-571
2055-569-601
2056-598-631
2057-628-661
2058-657-693
2059-688-724
2060-719-757
2061-750-789
2062-782-822
2063-814-856
2064-847-889
2065-880-923
2066-913-958
2067-946-992
2068-980-1027
2069-1014-1063
2070-1049-1098
2071-1084-1135
2072-1120-1172
2073-1156-1209
2074-1193-1247
2075-1230-1286
2076-1268-1325
2077-1307-1365
2078-1346-1406
2079-1385-1446
2080-1425-1488
2081-1465-1529
2082-1505-1571
2083-1547-1614
2084-1588-1657
2085-1631-1701
2086-1673-1745
2087-1717-1791
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