Proposed Provision: B6.6. Starting in 2029, provide a uniform PIA increase in the 24th year of benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 15th through the 24th years of eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 14th year of benefit eligibility. A similar additional PIA increase applies in the 43rd year of benefit eligibility (age 104), phased in from the 34rd through the 43nd years of eligibility. For those past the 15th year of eligibility in 2028 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2029. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109108
20309191
20317473
20325755
20333937
20342119
203530
2036-16-20
2037-35-40
2038-54-60
2039-74-82
2040-95-103
2041-116-125
2042-137-147
2043-158-170
2044-180-193
2045-202-216
2046-224-239
2047-246-262
2048-268-286
2049-291-310
2050-313-334
2051-336-358
2052-359-382
2053-383-407
2054-406-431
2055-430-456
2056-453-481
2057-477-506
2058-501-531
2059-525-557
2060-550-583
2061-575-609
2062-601-636
2063-627-663
2064-654-691
2065-681-719
2066-708-748
2067-736-777
2068-764-806
2069-792-835
2070-821-865
2071-850-896
2072-880-927
2073-910-958
2074-940-990
2075-971-1022
2076-1003-1055
2077-1036-1089
2078-1069-1124
2079-1104-1160
2080-1139-1197
2081-1175-1234
2082-1212-1272
2083-1249-1311
2084-1286-1350
2085-1324-1390
2086-1363-1431
2087-1402-1472
2088-1442-1513
2089-1481-1554
2090-1520-1594
2091-1558-1634
2092-1595-1674
2093-1632-1712
2094-1668-1750
2095-1703-1787
2096-1738-1824
2097-1773-1861
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