Proposed Provision: Starting in 2022, provide a uniform PIA increase 23 years after benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 14th through the 23rd years after eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 12th year after benefit eligibility. A similar additional PIA increase applies 42 years after benefit eligibility (phased in from the 33rd through the 42nd years after eligibility). Auxiliary beneficiaries receive benefit enhancement based on PIA of governing worker.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 264 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 219 |
2022 | 204 | 203 |
2023 | 189 | 188 |
2024 | 173 | 172 |
2025 | 157 | 156 |
2026 | 142 | 139 |
2027 | 126 | 123 |
2028 | 110 | 106 |
2029 | 94 | 89 |
2030 | 77 | 71 |
2031 | 60 | 53 |
2032 | 42 | 34 |
2033 | 23 | 14 |
2034 | 4 | -6 |
2035 | -16 | -27 |
2036 | -36 | -48 |
2037 | -57 | -70 |
2038 | -78 | -93 |
2039 | -100 | -115 |
2040 | -122 | -139 |
2041 | -144 | -162 |
2042 | -166 | -186 |
2043 | -189 | -209 |
2044 | -211 | -233 |
2045 | -234 | -258 |
2046 | -257 | -282 |
2047 | -280 | -307 |
2048 | -303 | -332 |
2049 | -327 | -357 |
2050 | -351 | -382 |
2051 | -375 | -408 |
2052 | -398 | -433 |
2053 | -423 | -459 |
2054 | -447 | -485 |
2055 | -472 | -511 |
2056 | -496 | -538 |
2057 | -522 | -564 |
2058 | -548 | -592 |
2059 | -574 | -620 |
2060 | -601 | -649 |
2061 | -629 | -678 |
2062 | -657 | -707 |
2063 | -685 | -737 |
2064 | -714 | -768 |
2065 | -744 | -799 |
2066 | -774 | -831 |
2067 | -804 | -863 |
2068 | -835 | -895 |
2069 | -867 | -929 |
2070 | -899 | -962 |
2071 | -932 | -997 |
2072 | -965 | -1032 |
2073 | -1000 | -1069 |
2074 | -1035 | -1106 |
2075 | -1072 | -1145 |
2076 | -1110 | -1184 |
2077 | -1148 | -1225 |
2078 | -1188 | -1267 |
2079 | -1228 | -1309 |
2080 | -1268 | -1352 |
2081 | -1309 | -1395 |
2082 | -1350 | -1438 |
2083 | -1391 | -1481 |
2084 | -1432 | -1524 |
2085 | -1472 | -1567 |
2086 | -1514 | -1610 |
2087 | -1555 | -1654 |
2088 | -1597 | -1698 |
2089 | -1640 | -1743 |
2090 | -1683 | -1789 |
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