Proposed Provision: Starting December 2014, 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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 300 |
2016 | 286 | 285 |
2017 | 271 | 270 |
2018 | 257 | 256 |
2019 | 244 | 243 |
2020 | 231 | 229 |
2021 | 218 | 215 |
2022 | 204 | 201 |
2023 | 189 | 186 |
2024 | 173 | 170 |
2025 | 158 | 154 |
2026 | 142 | 138 |
2027 | 125 | 121 |
2028 | 108 | 103 |
2029 | 90 | 85 |
2030 | 71 | 66 |
2031 | 52 | 46 |
2032 | 31 | 25 |
2033 | 11 | 4 |
2034 | -11 | -18 |
2035 | -32 | -40 |
2036 | -55 | -63 |
2037 | -78 | -86 |
2038 | -101 | -110 |
2039 | -124 | -134 |
2040 | -148 | -158 |
2041 | -172 | -182 |
2042 | -196 | -207 |
2043 | -220 | -232 |
2044 | -245 | -257 |
2045 | -269 | -282 |
2046 | -294 | -308 |
2047 | -319 | -334 |
2048 | -345 | -360 |
2049 | -371 | -386 |
2050 | -397 | -413 |
2051 | -423 | -440 |
2052 | -449 | -467 |
2053 | -476 | -494 |
2054 | -502 | -522 |
2055 | -530 | -550 |
2056 | -557 | -578 |
2057 | -585 | -606 |
2058 | -613 | -636 |
2059 | -642 | -665 |
2060 | -671 | -695 |
2061 | -701 | -726 |
2062 | -732 | -757 |
2063 | -763 | -789 |
2064 | -794 | -822 |
2065 | -826 | -854 |
2066 | -859 | -887 |
2067 | -892 | -921 |
2068 | -925 | -955 |
2069 | -959 | -990 |
2070 | -993 | -1025 |
2071 | -1028 | -1061 |
2072 | -1064 | -1098 |
2073 | -1101 | -1135 |
2074 | -1139 | -1174 |
2075 | -1178 | -1214 |
2076 | -1217 | -1254 |
2077 | -1258 | -1296 |
2078 | -1299 | -1338 |
2079 | -1340 | -1380 |
2080 | -1382 | -1423 |
2081 | -1424 | -1465 |
2082 | -1466 | -1508 |
2083 | -1508 | -1551 |
2084 | -1550 | -1594 |
2085 | -1592 | -1637 |
2086 | -1635 | -1680 |
2087 | -1678 | -1724 |
2088 | -1722 | -1769 |
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