Proposed Provision: A5. Starting December 2019, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 239 |
2022 | 223 | 222 |
2023 | 206 | 204 |
2024 | 188 | 187 |
2025 | 171 | 169 |
2026 | 154 | 152 |
2027 | 137 | 135 |
2028 | 120 | 118 |
2029 | 104 | 101 |
2030 | 86 | 83 |
2031 | 69 | 65 |
2032 | 51 | 47 |
2033 | 33 | 29 |
2034 | 14 | 9 |
2035 | -5 | -11 |
2036 | -25 | -31 |
2037 | -46 | -52 |
2038 | -67 | -73 |
2039 | -88 | -95 |
2040 | -110 | -118 |
2041 | -132 | -140 |
2042 | -154 | -163 |
2043 | -176 | -186 |
2044 | -199 | -209 |
2045 | -221 | -232 |
2046 | -244 | -255 |
2047 | -267 | -279 |
2048 | -289 | -302 |
2049 | -312 | -325 |
2050 | -335 | -349 |
2051 | -358 | -372 |
2052 | -381 | -396 |
2053 | -403 | -420 |
2054 | -426 | -443 |
2055 | -450 | -467 |
2056 | -473 | -491 |
2057 | -496 | -515 |
2058 | -520 | -540 |
2059 | -544 | -565 |
2060 | -569 | -590 |
2061 | -594 | -616 |
2062 | -619 | -642 |
2063 | -645 | -668 |
2064 | -671 | -696 |
2065 | -698 | -723 |
2066 | -725 | -751 |
2067 | -752 | -779 |
2068 | -780 | -807 |
2069 | -808 | -836 |
2070 | -837 | -866 |
2071 | -866 | -895 |
2072 | -896 | -926 |
2073 | -927 | -957 |
2074 | -958 | -989 |
2075 | -990 | -1022 |
2076 | -1023 | -1056 |
2077 | -1057 | -1090 |
2078 | -1092 | -1126 |
2079 | -1128 | -1163 |
2080 | -1165 | -1201 |
2081 | -1202 | -1239 |
2082 | -1240 | -1277 |
2083 | -1278 | -1316 |
2084 | -1316 | -1355 |
2085 | -1354 | -1394 |
2086 | -1392 | -1433 |
2087 | -1430 | -1472 |
2088 | -1468 | -1511 |
2089 | -1505 | -1549 |
2090 | -1543 | -1587 |
2091 | -1580 | -1625 |
2092 | -1618 | -1664 |
2093 | -1655 | -1702 |
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