Proposed Provision: D4. 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 2019 and those becoming eligible after 2019.

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

Year Current Law Provision
2017298298
2018287287
2019273271
2020259256
2021245241
2022230226
2023215210
2024199194
2025182177
2026165159
2027148141
2028130123
2029112104
20309486
20317567
20325647
20333727
2034166
2035-4-16
2036-26-38
2037-47-60
2038-70-83
2039-92-106
2040-115-130
2041-138-153
2042-161-177
2043-184-201
2044-207-225
2045-230-249
2046-253-273
2047-276-297
2048-300-321
2049-323-345
2050-346-369
2051-370-393
2052-393-418
2053-417-442
2054-440-466
2055-464-490
2056-487-515
2057-511-540
2058-536-565
2059-560-590
2060-585-616
2061-611-642
2062-637-669
2063-663-696
2064-690-724
2065-717-752
2066-745-780
2067-772-809
2068-801-838
2069-829-867
2070-858-897
2071-888-928
2072-918-959
2073-949-991
2074-981-1023
2075-1014-1057
2076-1047-1091
2077-1082-1127
2078-1117-1163
2079-1153-1200
2080-1190-1238
2081-1227-1276
2082-1264-1314
2083-1300-1352
2084-1337-1389
2085-1374-1427
2086-1410-1464
2087-1446-1502
2088-1483-1539
2089-1520-1577
2090-1557-1615
2091-1595-1654
2092-1633-1693
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