Proposed Provision: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2015 or who reaches their 85th birthday after the beginning of 2015. Increase the beneficiary’s PIA based on an amount equal to the average retired-worker PIA at the end of 2014, 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
2013330330
2014315315
2015301299
2016286283
2017271268
2018257254
2019244241
2020231227
2021218214
2022204199
2023189184
2024173168
2025158152
2026142136
2027125119
2028108101
20299083
20307163
20315243
20323123
2033111
2034-11-21
2035-32-43
2036-55-66
2037-78-89
2038-101-113
2039-124-138
2040-148-162
2041-172-187
2042-196-212
2043-220-237
2044-245-262
2045-269-288
2046-294-314
2047-319-340
2048-345-366
2049-371-393
2050-397-420
2051-423-447
2052-449-475
2053-476-502
2054-502-530
2055-530-558
2056-557-587
2057-585-616
2058-613-645
2059-642-675
2060-671-705
2061-701-736
2062-732-768
2063-763-800
2064-794-833
2065-826-866
2066-859-899
2067-892-933
2068-925-967
2069-959-1002
2070-993-1038
2071-1028-1074
2072-1064-1111
2073-1101-1149
2074-1139-1188
2075-1178-1228
2076-1217-1269
2077-1258-1311
2078-1299-1353
2079-1340-1396
2080-1382-1439
2081-1424-1482
2082-1466-1526
2083-1508-1569
2084-1550-1612
2085-1592-1656
2086-1635-1700
2087-1678-1745
2088-1722-1790
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