Proposed Provision: B7.12. Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers attaining age 62 in 2023 and later. Widows are held harmless from the lump-sum decision.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149149
2027132132
2028115115
20299898
20308181
20316463
20324645
20332727
203488
2035-11-12
2036-30-31
2037-50-51
2038-71-72
2039-91-93
2040-112-114
2041-133-135
2042-154-156
2043-176-177
2044-197-199
2045-218-220
2046-240-242
2047-262-263
2048-283-285
2049-305-307
2050-327-329
2051-349-351
2052-371-373
2053-393-395
2054-415-417
2055-437-439
2056-460-462
2057-482-484
2058-506-508
2059-529-531
2060-553-555
2061-578-580
2062-603-605
2063-628-630
2064-654-656
2065-680-682
2066-706-708
2067-733-735
2068-760-763
2069-788-790
2070-816-818
2071-845-847
2072-874-877
2073-905-907
2074-935-938
2075-967-969
2076-1000-1002
2077-1033-1036
2078-1068-1070
2079-1102-1105
2080-1138-1140
2081-1173-1175
2082-1208-1211
2083-1243-1246
2084-1279-1281
2085-1314-1316
2086-1349-1351
2087-1384-1386
2088-1419-1421
2089-1455-1457
2090-1491-1493
2091-1528-1530
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