Proposed Provision: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2013 or who reaches their 85th birthday after the beginning of 2013. Increase the beneficiary’s PIA based on an amount equal to the average retired worker PIA at the end of 2012, or at the end of the year age 80 if later. Increase the beneficiary’s PIA by 5 percent of this amount for those older than 85 at the beginning of 2013 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

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

Year Present Law Provision
2011353353
2012347347
2013341338
2014334331
2015328324
2016321317
2017314309
2018306301
2019296290
2020284279
2021272266
2022259252
2023245238
2024230223
2025214207
2026198190
2027181173
2028164155
2029145136
2030127116
203110796
20328776
20336755
20344633
20352512
20364-11
2037-18-33
2038-40-56
2039-62-79
2040-85-102
2041-108-126
2042-130-149
2043-153-173
2044-176-197
2045-200-222
2046-223-246
2047-247-271
2048-271-296
2049-295-321
2050-319-347
2051-343-372
2052-368-398
2053-393-424
2054-418-450
2055-443-476
2056-468-503
2057-494-530
2058-521-558
2059-548-586
2060-575-614
2061-602-643
2062-630-672
2063-659-702
2064-687-732
2065-716-762
2066-746-792
2067-775-823
2068-805-854
2069-835-885
2070-866-917
2071-897-949
2072-928-982
2073-960-1015
2074-992-1048
2075-1025-1082
2076-1058-1117
2077-1092-1152
2078-1126-1188
2079-1161-1224
2080-1196-1261
2081-1232-1298
2082-1268-1336
2083-1305-1374
2084-1342-1413
2085-1380-1453
2086-1419-1493
back