Proposed Provision: B3.4. Beginning with those newly eligible for OASDI benefits in 2021, multiply all PIA factors each year by 0.991. Stop reductions after 2049. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 273 |
2020 | 259 | 259 |
2021 | 245 | 245 |
2022 | 230 | 230 |
2023 | 215 | 215 |
2024 | 199 | 199 |
2025 | 182 | 183 |
2026 | 165 | 166 |
2027 | 148 | 149 |
2028 | 130 | 132 |
2029 | 112 | 114 |
2030 | 94 | 97 |
2031 | 75 | 79 |
2032 | 56 | 61 |
2033 | 37 | 43 |
2034 | 16 | 24 |
2035 | -4 | 4 |
2036 | -26 | -15 |
2037 | -47 | -35 |
2038 | -70 | -55 |
2039 | -92 | -75 |
2040 | -115 | -95 |
2041 | -138 | -115 |
2042 | -161 | -135 |
2043 | -184 | -155 |
2044 | -207 | -174 |
2045 | -230 | -193 |
2046 | -253 | -212 |
2047 | -276 | -231 |
2048 | -300 | -249 |
2049 | -323 | -266 |
2050 | -346 | -284 |
2051 | -370 | -301 |
2052 | -393 | -317 |
2053 | -417 | -333 |
2054 | -440 | -349 |
2055 | -464 | -364 |
2056 | -487 | -379 |
2057 | -511 | -393 |
2058 | -536 | -408 |
2059 | -560 | -422 |
2060 | -585 | -435 |
2061 | -611 | -449 |
2062 | -637 | -462 |
2063 | -663 | -476 |
2064 | -690 | -489 |
2065 | -717 | -502 |
2066 | -745 | -515 |
2067 | -772 | -528 |
2068 | -801 | -541 |
2069 | -829 | -554 |
2070 | -858 | -567 |
2071 | -888 | -580 |
2072 | -918 | -594 |
2073 | -949 | -607 |
2074 | -981 | -621 |
2075 | -1014 | -636 |
2076 | -1047 | -650 |
2077 | -1082 | -666 |
2078 | -1117 | -681 |
2079 | -1153 | -697 |
2080 | -1190 | -712 |
2081 | -1227 | -728 |
2082 | -1264 | -744 |
2083 | -1300 | -759 |
2084 | -1337 | -775 |
2085 | -1374 | -790 |
2086 | -1410 | -805 |
2087 | -1446 | -820 |
2088 | -1483 | -836 |
2089 | -1520 | -851 |
2090 | -1557 | -867 |
2091 | -1595 | -883 |
2092 | -1633 | -900 |
back