Proposed Provision: Beginning December 2011, add 1 percentage point to the annual cost-of-living adjustment for OASDI monthly benefits for beneficiaries who have lived past a "specified age", which reflects their age 65 life expectancy. The "specified age" is based on the beneficiary's year of birth and is determined as the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65 for the Social Security area population with the same year of birth as the beneficiary.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 350 |
2013 | 346 | 345 |
2014 | 341 | 339 |
2015 | 335 | 334 |
2016 | 330 | 328 |
2017 | 324 | 321 |
2018 | 317 | 314 |
2019 | 309 | 305 |
2020 | 299 | 296 |
2021 | 289 | 285 |
2022 | 277 | 273 |
2023 | 264 | 260 |
2024 | 251 | 246 |
2025 | 237 | 231 |
2026 | 221 | 216 |
2027 | 205 | 199 |
2028 | 189 | 182 |
2029 | 171 | 165 |
2030 | 154 | 147 |
2031 | 136 | 128 |
2032 | 117 | 109 |
2033 | 98 | 90 |
2034 | 79 | 70 |
2035 | 59 | 50 |
2036 | 39 | 30 |
2037 | 19 | 9 |
2038 | -1 | -12 |
2039 | -21 | -33 |
2040 | -42 | -54 |
2041 | -63 | -75 |
2042 | -84 | -97 |
2043 | -105 | -118 |
2044 | -126 | -140 |
2045 | -147 | -162 |
2046 | -168 | -184 |
2047 | -189 | -206 |
2048 | -211 | -228 |
2049 | -233 | -251 |
2050 | -255 | -273 |
2051 | -277 | -296 |
2052 | -299 | -319 |
2053 | -321 | -342 |
2054 | -344 | -365 |
2055 | -366 | -389 |
2056 | -389 | -413 |
2057 | -412 | -437 |
2058 | -436 | -461 |
2059 | -460 | -486 |
2060 | -485 | -511 |
2061 | -509 | -537 |
2062 | -534 | -563 |
2063 | -560 | -589 |
2064 | -586 | -616 |
2065 | -612 | -643 |
2066 | -638 | -670 |
2067 | -665 | -698 |
2068 | -692 | -726 |
2069 | -720 | -754 |
2070 | -748 | -783 |
2071 | -776 | -813 |
2072 | -805 | -842 |
2073 | -834 | -872 |
2074 | -864 | -903 |
2075 | -894 | -934 |
2076 | -925 | -966 |
2077 | -957 | -998 |
2078 | -989 | -1031 |
2079 | -1021 | -1064 |
2080 | -1054 | -1098 |
2081 | -1087 | -1132 |
2082 | -1121 | -1167 |
2083 | -1156 | -1202 |
2084 | -1191 | -1238 |
2085 | -1227 | -1275 |
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