Proposed Provision: Starting December 2013, add 1 percentage point to the annual COLA for beneficiaries who have lived past a specified age. The specified age is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 315 |
2015 | 302 | 301 |
2016 | 290 | 288 |
2017 | 277 | 276 |
2018 | 265 | 264 |
2019 | 253 | 251 |
2020 | 240 | 238 |
2021 | 227 | 224 |
2022 | 212 | 209 |
2023 | 197 | 194 |
2024 | 181 | 177 |
2025 | 164 | 160 |
2026 | 147 | 143 |
2027 | 129 | 124 |
2028 | 110 | 105 |
2029 | 90 | 85 |
2030 | 70 | 64 |
2031 | 49 | 43 |
2032 | 27 | 21 |
2033 | 5 | -2 |
2034 | -18 | -25 |
2035 | -41 | -49 |
2036 | -65 | -73 |
2037 | -89 | -98 |
2038 | -114 | -123 |
2039 | -138 | -148 |
2040 | -163 | -174 |
2041 | -189 | -199 |
2042 | -215 | -226 |
2043 | -240 | -252 |
2044 | -266 | -279 |
2045 | -292 | -305 |
2046 | -319 | -333 |
2047 | -346 | -360 |
2048 | -373 | -388 |
2049 | -400 | -416 |
2050 | -428 | -444 |
2051 | -456 | -473 |
2052 | -484 | -501 |
2053 | -512 | -530 |
2054 | -540 | -559 |
2055 | -569 | -589 |
2056 | -598 | -619 |
2057 | -628 | -649 |
2058 | -657 | -680 |
2059 | -688 | -711 |
2060 | -719 | -743 |
2061 | -750 | -775 |
2062 | -782 | -808 |
2063 | -814 | -841 |
2064 | -847 | -875 |
2065 | -880 | -908 |
2066 | -913 | -942 |
2067 | -946 | -977 |
2068 | -980 | -1011 |
2069 | -1014 | -1046 |
2070 | -1049 | -1082 |
2071 | -1084 | -1118 |
2072 | -1120 | -1154 |
2073 | -1156 | -1191 |
2074 | -1193 | -1229 |
2075 | -1230 | -1267 |
2076 | -1268 | -1306 |
2077 | -1307 | -1345 |
2078 | -1346 | -1385 |
2079 | -1385 | -1425 |
2080 | -1425 | -1465 |
2081 | -1465 | -1506 |
2082 | -1505 | -1548 |
2083 | -1547 | -1590 |
2084 | -1588 | -1633 |
2085 | -1631 | -1676 |
2086 | -1673 | -1720 |
2087 | -1717 | -1765 |
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