Proposed Provision: Beginning with those newly eligible for OASI benefits in 2021, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions in 2058. Beginning with those newly eligible for OASI benefits in 2016, multiply the 15 factor by 0.982. Stop reduction of the 15 factor in 2053. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204204
2023189189
2024173174
2025158159
2026142143
2027125127
2028108111
20299094
20307176
20315258
20323140
20331121
2034-112
2035-32-18
2036-55-38
2037-78-57
2038-101-77
2039-124-97
2040-148-117
2041-172-136
2042-196-155
2043-220-174
2044-245-193
2045-269-212
2046-294-230
2047-319-248
2048-345-265
2049-371-283
2050-397-299
2051-423-316
2052-449-331
2053-476-347
2054-502-362
2055-530-376
2056-557-390
2057-585-403
2058-613-416
2059-642-429
2060-671-441
2061-701-453
2062-732-464
2063-763-475
2064-794-485
2065-826-494
2066-859-503
2067-892-511
2068-925-519
2069-959-526
2070-993-533
2071-1028-539
2072-1064-546
2073-1101-551
2074-1139-557
2075-1178-562
2076-1217-567
2077-1258-572
2078-1299-576
2079-1340-580
2080-1382-584
2081-1424-587
2082-1466-589
2083-1508-592
2084-1550-594
2085-1592-596
2086-1635-598
2087-1678-600
2088-1722-602
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