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 2020 and those becoming eligible after 2020.

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

Year Current Law Provision
2018288288
2019272272
2020256254
2021239237
2022223219
2023206202
2024188184
2025171166
2026154149
2027137131
2028120114
202910497
20308679
20316961
20325143
20333324
2034144
2035-5-16
2036-25-36
2037-46-57
2038-67-79
2039-88-101
2040-110-123
2041-132-146
2042-154-169
2043-176-192
2044-199-216
2045-221-239
2046-244-262
2047-267-286
2048-289-309
2049-312-333
2050-335-356
2051-358-380
2052-381-403
2053-403-427
2054-426-451
2055-450-475
2056-473-499
2057-496-523
2058-520-547
2059-544-572
2060-569-598
2061-594-623
2062-619-649
2063-645-676
2064-671-703
2065-698-731
2066-725-759
2067-752-787
2068-780-815
2069-808-844
2070-837-874
2071-866-904
2072-896-935
2073-927-966
2074-958-998
2075-990-1031
2076-1023-1065
2077-1057-1100
2078-1092-1136
2079-1128-1173
2080-1165-1210
2081-1202-1249
2082-1240-1287
2083-1278-1326
2084-1316-1366
2085-1354-1405
2086-1392-1444
2087-1430-1483
2088-1468-1522
2089-1505-1560
2090-1543-1599
2091-1580-1637
2092-1618-1676
2093-1655-1714
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