Proposed Provision: Multiply all PIA formula factors successively by 0.991 for new benefit eligibility in each year 2014 through 2042. Disabled workers and young survivors (surviving spouses with a child-in-care and survivor children) would not be affected by this provision. Upon conversion from disabled worker to retired worker benefits, benefit levels would be proportionally reduced based on the fraction of years the individual was not disabled between ages 22 and 62.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335336
2016330330
2017324324
2018317318
2019309311
2020299302
2021289293
2022277282
2023264271
2024251259
2025237247
2026221234
2027205221
2028189207
2029171193
2030154179
2031136164
2032117150
203398135
203479121
203559107
20363992
20371978
2038-165
2039-2152
2040-4239
2041-6326
2042-8414
2043-1053
2044-126-8
2045-147-19
2046-168-29
2047-189-39
2048-211-48
2049-233-56
2050-255-65
2051-277-72
2052-299-80
2053-321-86
2054-344-93
2055-366-99
2056-389-105
2057-412-111
2058-436-117
2059-460-123
2060-485-129
2061-509-134
2062-534-140
2063-560-145
2064-586-151
2065-612-156
2066-638-162
2067-665-168
2068-692-174
2069-720-180
2070-748-186
2071-776-192
2072-805-199
2073-834-206
2074-864-213
2075-894-220
2076-925-228
2077-957-236
2078-989-244
2079-1021-252
2080-1054-261
2081-1087-270
2082-1121-280
2083-1156-290
2084-1191-300
2085-1227-310
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