Proposed Provision: Starting in 2016, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index.
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 | 283 |
2017 | 271 | 267 |
2018 | 257 | 253 |
2019 | 244 | 239 |
2020 | 231 | 225 |
2021 | 218 | 211 |
2022 | 204 | 196 |
2023 | 189 | 180 |
2024 | 173 | 164 |
2025 | 158 | 148 |
2026 | 142 | 131 |
2027 | 125 | 113 |
2028 | 108 | 95 |
2029 | 90 | 76 |
2030 | 71 | 56 |
2031 | 52 | 36 |
2032 | 31 | 15 |
2033 | 11 | -7 |
2034 | -11 | -30 |
2035 | -32 | -53 |
2036 | -55 | -76 |
2037 | -78 | -100 |
2038 | -101 | -125 |
2039 | -124 | -149 |
2040 | -148 | -174 |
2041 | -172 | -200 |
2042 | -196 | -226 |
2043 | -220 | -251 |
2044 | -245 | -277 |
2045 | -269 | -304 |
2046 | -294 | -330 |
2047 | -319 | -357 |
2048 | -345 | -384 |
2049 | -371 | -412 |
2050 | -397 | -440 |
2051 | -423 | -467 |
2052 | -449 | -496 |
2053 | -476 | -524 |
2054 | -502 | -552 |
2055 | -530 | -581 |
2056 | -557 | -611 |
2057 | -585 | -640 |
2058 | -613 | -670 |
2059 | -642 | -701 |
2060 | -671 | -732 |
2061 | -701 | -764 |
2062 | -732 | -796 |
2063 | -763 | -829 |
2064 | -794 | -862 |
2065 | -826 | -896 |
2066 | -859 | -930 |
2067 | -892 | -965 |
2068 | -925 | -1000 |
2069 | -959 | -1036 |
2070 | -993 | -1072 |
2071 | -1028 | -1109 |
2072 | -1064 | -1147 |
2073 | -1101 | -1186 |
2074 | -1139 | -1226 |
2075 | -1178 | -1267 |
2076 | -1217 | -1309 |
2077 | -1258 | -1351 |
2078 | -1299 | -1395 |
2079 | -1340 | -1439 |
2080 | -1382 | -1483 |
2081 | -1424 | -1527 |
2082 | -1466 | -1571 |
2083 | -1508 | -1616 |
2084 | -1550 | -1660 |
2085 | -1592 | -1705 |
2086 | -1635 | -1750 |
2087 | -1678 | -1795 |
2088 | -1722 | -1842 |
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