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
2013330330
2014315315
2015301301
2016286286
2017271271
2018257258
2019244244
2020231231
2021218218
2022204205
2023189190
2024173176
2025158161
2026142146
2027125130
2028108115
20299098
20307181
20315264
20323146
20331128
2034-119
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
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