Proposed Provision: Establish an alternative benefit for a surviving spouse. For the surviving spouse, the alternative benefit would equal 75 percent of the sum of the survivor's own worker benefit and the deceased worker's PIA (including any actuarial reductions or delayed retirement credits). If the deceased worker died before becoming entitled, use the age 62 actuarial reduction if deceased before age 62, or the applicable actuarial reduction/DRC for entitlement at the age of death if deceased after 62. The alternative benefit would not exceed the PIA of a hypothetical earner who earns the SSA average wage index (AWI) every year, and who becomes eligible for retired-worker benefits in the same year in which the deceased worker became entitled to worker benefits or died (if before entitlement). The alternative benefit would be paid only if more than the current-law benefit. This benefit would be available to surviving spouses on the rolls at the beginning of 2017 and those becoming eligible after 2017.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2015308308
2016298298
2017280278
2018264261
2019248245
2020233230
2021219214
2022204199
2023189184
2024173167
2025157152
2026142136
2027126119
2028110103
20299486
20307769
20316051
20324232
20332313
20344-7
2035-16-28
2036-36-48
2037-57-70
2038-78-92
2039-100-114
2040-122-136
2041-144-159
2042-166-182
2043-189-205
2044-211-229
2045-234-252
2046-257-276
2047-280-300
2048-303-324
2049-327-348
2050-351-373
2051-375-397
2052-398-422
2053-423-447
2054-447-472
2055-472-497
2056-496-523
2057-522-549
2058-548-576
2059-574-603
2060-601-631
2061-629-659
2062-657-688
2063-685-717
2064-714-747
2065-744-778
2066-774-808
2067-804-840
2068-835-871
2069-867-904
2070-899-937
2071-932-970
2072-965-1005
2073-1000-1040
2074-1035-1077
2075-1072-1114
2076-1110-1153
2077-1148-1193
2078-1188-1233
2079-1228-1274
2080-1268-1316
2081-1309-1358
2082-1350-1400
2083-1391-1441
2084-1432-1483
2085-1472-1525
2086-1514-1567
2087-1555-1610
2088-1597-1653
2089-1640-1697
2090-1683-1741
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