Proposed Provision: B6.5. Starting in 2021, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index.
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 | 237 |
2022 | 223 | 219 |
2023 | 206 | 201 |
2024 | 188 | 183 |
2025 | 171 | 165 |
2026 | 154 | 147 |
2027 | 137 | 130 |
2028 | 120 | 112 |
2029 | 104 | 94 |
2030 | 86 | 76 |
2031 | 69 | 58 |
2032 | 51 | 39 |
2033 | 33 | 20 |
2034 | 14 | 0 |
2035 | -5 | -21 |
2036 | -25 | -42 |
2037 | -46 | -63 |
2038 | -67 | -85 |
2039 | -88 | -108 |
2040 | -110 | -131 |
2041 | -132 | -154 |
2042 | -154 | -178 |
2043 | -176 | -202 |
2044 | -199 | -226 |
2045 | -221 | -250 |
2046 | -244 | -274 |
2047 | -267 | -298 |
2048 | -289 | -322 |
2049 | -312 | -347 |
2050 | -335 | -371 |
2051 | -358 | -395 |
2052 | -381 | -420 |
2053 | -403 | -444 |
2054 | -426 | -469 |
2055 | -450 | -494 |
2056 | -473 | -519 |
2057 | -496 | -544 |
2058 | -520 | -569 |
2059 | -544 | -595 |
2060 | -569 | -621 |
2061 | -594 | -647 |
2062 | -619 | -674 |
2063 | -645 | -701 |
2064 | -671 | -729 |
2065 | -698 | -758 |
2066 | -725 | -786 |
2067 | -752 | -815 |
2068 | -780 | -845 |
2069 | -808 | -875 |
2070 | -837 | -905 |
2071 | -866 | -936 |
2072 | -896 | -967 |
2073 | -927 | -1000 |
2074 | -958 | -1033 |
2075 | -990 | -1066 |
2076 | -1023 | -1101 |
2077 | -1057 | -1137 |
2078 | -1092 | -1174 |
2079 | -1128 | -1212 |
2080 | -1165 | -1251 |
2081 | -1202 | -1290 |
2082 | -1240 | -1330 |
2083 | -1278 | -1370 |
2084 | -1316 | -1411 |
2085 | -1354 | -1451 |
2086 | -1392 | -1492 |
2087 | -1430 | -1532 |
2088 | -1468 | -1572 |
2089 | -1505 | -1612 |
2090 | -1543 | -1651 |
2091 | -1580 | -1691 |
2092 | -1618 | -1731 |
2093 | -1655 | -1771 |
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