Proposed Provision: Increase the number of years used to calculate benefits for retirees and survivors (but not for disabled workers) from 35 to 40, phased in over the years 2016-2024.
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 | 249 |
2020 | 233 | 234 |
2021 | 219 | 220 |
2022 | 204 | 205 |
2023 | 189 | 191 |
2024 | 173 | 176 |
2025 | 157 | 161 |
2026 | 142 | 146 |
2027 | 126 | 132 |
2028 | 110 | 117 |
2029 | 94 | 102 |
2030 | 77 | 87 |
2031 | 60 | 71 |
2032 | 42 | 54 |
2033 | 23 | 37 |
2034 | 4 | 20 |
2035 | -16 | 2 |
2036 | -36 | -16 |
2037 | -57 | -35 |
2038 | -78 | -54 |
2039 | -100 | -73 |
2040 | -122 | -92 |
2041 | -144 | -112 |
2042 | -166 | -131 |
2043 | -189 | -151 |
2044 | -211 | -171 |
2045 | -234 | -190 |
2046 | -257 | -210 |
2047 | -280 | -230 |
2048 | -303 | -250 |
2049 | -327 | -270 |
2050 | -351 | -291 |
2051 | -375 | -311 |
2052 | -398 | -331 |
2053 | -423 | -352 |
2054 | -447 | -373 |
2055 | -472 | -394 |
2056 | -496 | -415 |
2057 | -522 | -436 |
2058 | -548 | -458 |
2059 | -574 | -481 |
2060 | -601 | -504 |
2061 | -629 | -528 |
2062 | -657 | -552 |
2063 | -685 | -576 |
2064 | -714 | -601 |
2065 | -744 | -626 |
2066 | -774 | -652 |
2067 | -804 | -678 |
2068 | -835 | -705 |
2069 | -867 | -732 |
2070 | -899 | -760 |
2071 | -932 | -789 |
2072 | -965 | -818 |
2073 | -1000 | -848 |
2074 | -1035 | -879 |
2075 | -1072 | -911 |
2076 | -1110 | -943 |
2077 | -1148 | -977 |
2078 | -1188 | -1011 |
2079 | -1228 | -1046 |
2080 | -1268 | -1081 |
2081 | -1309 | -1117 |
2082 | -1350 | -1152 |
2083 | -1391 | -1187 |
2084 | -1432 | -1223 |
2085 | -1472 | -1259 |
2086 | -1514 | -1295 |
2087 | -1555 | -1331 |
2088 | -1597 | -1367 |
2089 | -1640 | -1405 |
2090 | -1683 | -1443 |
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