Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2015, multiply all PIA formula factors each year by 0.991. Stop reductions after 2043. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 341 |
2014 | 334 | 334 |
2015 | 328 | 328 |
2016 | 321 | 321 |
2017 | 314 | 314 |
2018 | 306 | 306 |
2019 | 296 | 297 |
2020 | 284 | 286 |
2021 | 272 | 274 |
2022 | 259 | 262 |
2023 | 245 | 249 |
2024 | 230 | 236 |
2025 | 214 | 222 |
2026 | 198 | 208 |
2027 | 181 | 193 |
2028 | 164 | 178 |
2029 | 145 | 162 |
2030 | 127 | 146 |
2031 | 107 | 129 |
2032 | 87 | 113 |
2033 | 67 | 96 |
2034 | 46 | 80 |
2035 | 25 | 63 |
2036 | 4 | 46 |
2037 | -18 | 30 |
2038 | -40 | 13 |
2039 | -62 | -3 |
2040 | -85 | -19 |
2041 | -108 | -35 |
2042 | -130 | -50 |
2043 | -153 | -65 |
2044 | -176 | -80 |
2045 | -200 | -94 |
2046 | -223 | -108 |
2047 | -247 | -122 |
2048 | -271 | -135 |
2049 | -295 | -147 |
2050 | -319 | -160 |
2051 | -343 | -172 |
2052 | -368 | -183 |
2053 | -393 | -194 |
2054 | -418 | -205 |
2055 | -443 | -215 |
2056 | -468 | -226 |
2057 | -494 | -236 |
2058 | -521 | -246 |
2059 | -548 | -256 |
2060 | -575 | -265 |
2061 | -602 | -275 |
2062 | -630 | -284 |
2063 | -659 | -294 |
2064 | -687 | -303 |
2065 | -716 | -312 |
2066 | -746 | -322 |
2067 | -775 | -331 |
2068 | -805 | -340 |
2069 | -835 | -349 |
2070 | -866 | -358 |
2071 | -897 | -368 |
2072 | -928 | -378 |
2073 | -960 | -387 |
2074 | -992 | -398 |
2075 | -1025 | -408 |
2076 | -1058 | -418 |
2077 | -1092 | -429 |
2078 | -1126 | -440 |
2079 | -1161 | -452 |
2080 | -1196 | -463 |
2081 | -1232 | -475 |
2082 | -1268 | -487 |
2083 | -1305 | -500 |
2084 | -1342 | -513 |
2085 | -1380 | -526 |
2086 | -1419 | -539 |
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