Proposed Provision: A5. Starting December 2018, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 273 |
2020 | 259 | 258 |
2021 | 245 | 244 |
2022 | 230 | 229 |
2023 | 215 | 213 |
2024 | 199 | 197 |
2025 | 182 | 180 |
2026 | 165 | 163 |
2027 | 148 | 145 |
2028 | 130 | 127 |
2029 | 112 | 109 |
2030 | 94 | 90 |
2031 | 75 | 71 |
2032 | 56 | 52 |
2033 | 37 | 32 |
2034 | 16 | 11 |
2035 | -4 | -10 |
2036 | -26 | -32 |
2037 | -47 | -54 |
2038 | -70 | -77 |
2039 | -92 | -100 |
2040 | -115 | -123 |
2041 | -138 | -147 |
2042 | -161 | -170 |
2043 | -184 | -194 |
2044 | -207 | -218 |
2045 | -230 | -241 |
2046 | -253 | -265 |
2047 | -276 | -289 |
2048 | -300 | -313 |
2049 | -323 | -337 |
2050 | -346 | -361 |
2051 | -370 | -385 |
2052 | -393 | -409 |
2053 | -417 | -433 |
2054 | -440 | -457 |
2055 | -464 | -481 |
2056 | -487 | -506 |
2057 | -511 | -531 |
2058 | -536 | -556 |
2059 | -560 | -581 |
2060 | -585 | -607 |
2061 | -611 | -633 |
2062 | -637 | -660 |
2063 | -663 | -687 |
2064 | -690 | -715 |
2065 | -717 | -743 |
2066 | -745 | -771 |
2067 | -772 | -799 |
2068 | -801 | -828 |
2069 | -829 | -857 |
2070 | -858 | -887 |
2071 | -888 | -917 |
2072 | -918 | -948 |
2073 | -949 | -980 |
2074 | -981 | -1013 |
2075 | -1014 | -1046 |
2076 | -1047 | -1080 |
2077 | -1082 | -1116 |
2078 | -1117 | -1152 |
2079 | -1153 | -1189 |
2080 | -1190 | -1226 |
2081 | -1227 | -1264 |
2082 | -1264 | -1302 |
2083 | -1300 | -1339 |
2084 | -1337 | -1377 |
2085 | -1374 | -1414 |
2086 | -1410 | -1451 |
2087 | -1446 | -1488 |
2088 | -1483 | -1526 |
2089 | -1520 | -1563 |
2090 | -1557 | -1601 |
2091 | -1595 | -1640 |
2092 | -1633 | -1679 |
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