Proposed Provision: Beginning with those newly eligible for OASI benefits in 2019, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions in 2056. Beginning with those newly eligible for OASI benefits in 2014, multiply the 15 factor by 0.982. Stop reduction of the 15 factor in 2051. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal. 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.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284285
2021272273
2022259260
2023245246
2024230232
2025214218
2026198203
2027181187
2028164171
2029145155
2030127138
2031107121
203287104
20336787
20344670
20352553
2036436
2037-1819
2038-402
2039-62-15
2040-85-31
2041-108-47
2042-130-62
2043-153-77
2044-176-92
2045-200-106
2046-223-119
2047-247-132
2048-271-145
2049-295-157
2050-319-168
2051-343-178
2052-368-188
2053-393-197
2054-418-205
2055-443-213
2056-468-220
2057-494-226
2058-521-232
2059-548-237
2060-575-241
2061-602-244
2062-630-247
2063-659-249
2064-687-249
2065-716-250
2066-746-249
2067-775-248
2068-805-246
2069-835-243
2070-866-240
2071-897-237
2072-928-233
2073-960-228
2074-992-224
2075-1025-219
2076-1058-214
2077-1092-208
2078-1126-203
2079-1161-197
2080-1196-191
2081-1232-185
2082-1268-179
2083-1305-173
2084-1342-167
2085-1380-161
2086-1419-155
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