Proposed Provision: Starting in 2018, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 261 |
2019 | 248 | 245 |
2020 | 233 | 229 |
2021 | 219 | 213 |
2022 | 204 | 198 |
2023 | 189 | 182 |
2024 | 173 | 165 |
2025 | 157 | 149 |
2026 | 142 | 133 |
2027 | 126 | 116 |
2028 | 110 | 99 |
2029 | 94 | 82 |
2030 | 77 | 64 |
2031 | 60 | 46 |
2032 | 42 | 27 |
2033 | 23 | 7 |
2034 | 4 | -14 |
2035 | -16 | -34 |
2036 | -36 | -56 |
2037 | -57 | -78 |
2038 | -78 | -100 |
2039 | -100 | -123 |
2040 | -122 | -146 |
2041 | -144 | -170 |
2042 | -166 | -194 |
2043 | -189 | -218 |
2044 | -211 | -242 |
2045 | -234 | -266 |
2046 | -257 | -291 |
2047 | -280 | -315 |
2048 | -303 | -340 |
2049 | -327 | -366 |
2050 | -351 | -391 |
2051 | -375 | -417 |
2052 | -398 | -442 |
2053 | -423 | -468 |
2054 | -447 | -494 |
2055 | -472 | -521 |
2056 | -496 | -547 |
2057 | -522 | -574 |
2058 | -548 | -602 |
2059 | -574 | -630 |
2060 | -601 | -659 |
2061 | -629 | -688 |
2062 | -657 | -718 |
2063 | -685 | -748 |
2064 | -714 | -779 |
2065 | -744 | -810 |
2066 | -774 | -842 |
2067 | -804 | -874 |
2068 | -835 | -907 |
2069 | -867 | -940 |
2070 | -899 | -974 |
2071 | -932 | -1008 |
2072 | -965 | -1044 |
2073 | -1000 | -1080 |
2074 | -1035 | -1118 |
2075 | -1072 | -1157 |
2076 | -1110 | -1197 |
2077 | -1148 | -1237 |
2078 | -1188 | -1279 |
2079 | -1228 | -1322 |
2080 | -1268 | -1365 |
2081 | -1309 | -1408 |
2082 | -1350 | -1451 |
2083 | -1391 | -1494 |
2084 | -1432 | -1537 |
2085 | -1472 | -1581 |
2086 | -1514 | -1624 |
2087 | -1555 | -1668 |
2088 | -1597 | -1712 |
2089 | -1640 | -1757 |
2090 | -1683 | -1803 |
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