Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2017, multiply all PIA formula factors each year by 0.991. Stop reductions after 2045. 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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 271 |
2018 | 257 | 258 |
2019 | 244 | 244 |
2020 | 231 | 231 |
2021 | 218 | 218 |
2022 | 204 | 205 |
2023 | 189 | 190 |
2024 | 173 | 176 |
2025 | 158 | 161 |
2026 | 142 | 146 |
2027 | 125 | 130 |
2028 | 108 | 115 |
2029 | 90 | 98 |
2030 | 71 | 81 |
2031 | 52 | 64 |
2032 | 31 | 46 |
2033 | 11 | 28 |
2034 | -11 | 9 |
2035 | -32 | -10 |
2036 | -55 | -29 |
2037 | -78 | -48 |
2038 | -101 | -67 |
2039 | -124 | -86 |
2040 | -148 | -105 |
2041 | -172 | -124 |
2042 | -196 | -143 |
2043 | -220 | -162 |
2044 | -245 | -180 |
2045 | -269 | -198 |
2046 | -294 | -216 |
2047 | -319 | -234 |
2048 | -345 | -252 |
2049 | -371 | -269 |
2050 | -397 | -286 |
2051 | -423 | -302 |
2052 | -449 | -318 |
2053 | -476 | -334 |
2054 | -502 | -350 |
2055 | -530 | -365 |
2056 | -557 | -380 |
2057 | -585 | -395 |
2058 | -613 | -410 |
2059 | -642 | -425 |
2060 | -671 | -440 |
2061 | -701 | -454 |
2062 | -732 | -469 |
2063 | -763 | -484 |
2064 | -794 | -499 |
2065 | -826 | -514 |
2066 | -859 | -529 |
2067 | -892 | -544 |
2068 | -925 | -559 |
2069 | -959 | -574 |
2070 | -993 | -590 |
2071 | -1028 | -606 |
2072 | -1064 | -622 |
2073 | -1101 | -639 |
2074 | -1139 | -656 |
2075 | -1178 | -673 |
2076 | -1217 | -691 |
2077 | -1258 | -709 |
2078 | -1299 | -728 |
2079 | -1340 | -746 |
2080 | -1382 | -765 |
2081 | -1424 | -783 |
2082 | -1466 | -802 |
2083 | -1508 | -821 |
2084 | -1550 | -840 |
2085 | -1592 | -859 |
2086 | -1635 | -878 |
2087 | -1678 | -898 |
2088 | -1722 | -918 |
back