Proposed Provision: Starting December 2016, 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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 263 |
2019 | 248 | 248 |
2020 | 233 | 232 |
2021 | 219 | 217 |
2022 | 204 | 202 |
2023 | 189 | 186 |
2024 | 173 | 170 |
2025 | 157 | 155 |
2026 | 142 | 139 |
2027 | 126 | 123 |
2028 | 110 | 107 |
2029 | 94 | 90 |
2030 | 77 | 73 |
2031 | 60 | 55 |
2032 | 42 | 36 |
2033 | 23 | 17 |
2034 | 4 | -2 |
2035 | -16 | -23 |
2036 | -36 | -43 |
2037 | -57 | -65 |
2038 | -78 | -86 |
2039 | -100 | -108 |
2040 | -122 | -131 |
2041 | -144 | -153 |
2042 | -166 | -176 |
2043 | -189 | -199 |
2044 | -211 | -222 |
2045 | -234 | -246 |
2046 | -257 | -269 |
2047 | -280 | -293 |
2048 | -303 | -317 |
2049 | -327 | -341 |
2050 | -351 | -366 |
2051 | -375 | -390 |
2052 | -398 | -415 |
2053 | -423 | -440 |
2054 | -447 | -465 |
2055 | -472 | -490 |
2056 | -496 | -516 |
2057 | -522 | -542 |
2058 | -548 | -569 |
2059 | -574 | -596 |
2060 | -601 | -624 |
2061 | -629 | -652 |
2062 | -657 | -681 |
2063 | -685 | -710 |
2064 | -714 | -740 |
2065 | -744 | -770 |
2066 | -774 | -801 |
2067 | -804 | -832 |
2068 | -835 | -864 |
2069 | -867 | -896 |
2070 | -899 | -929 |
2071 | -932 | -962 |
2072 | -965 | -997 |
2073 | -1000 | -1032 |
2074 | -1035 | -1068 |
2075 | -1072 | -1106 |
2076 | -1110 | -1144 |
2077 | -1148 | -1184 |
2078 | -1188 | -1224 |
2079 | -1228 | -1265 |
2080 | -1268 | -1307 |
2081 | -1309 | -1348 |
2082 | -1350 | -1390 |
2083 | -1391 | -1432 |
2084 | -1432 | -1473 |
2085 | -1472 | -1515 |
2086 | -1514 | -1557 |
2087 | -1555 | -1599 |
2088 | -1597 | -1642 |
2089 | -1640 | -1686 |
2090 | -1683 | -1730 |
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