Proposed Provision: A5. Starting December 2020, 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 |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 196 |
2025 | 180 | 179 |
2026 | 163 | 162 |
2027 | 147 | 145 |
2028 | 130 | 128 |
2029 | 114 | 111 |
2030 | 97 | 94 |
2031 | 80 | 77 |
2032 | 63 | 59 |
2033 | 46 | 42 |
2034 | 28 | 23 |
2035 | 10 | 5 |
2036 | -9 | -14 |
2037 | -28 | -34 |
2038 | -47 | -54 |
2039 | -67 | -74 |
2040 | -87 | -95 |
2041 | -108 | -116 |
2042 | -129 | -137 |
2043 | -150 | -159 |
2044 | -171 | -181 |
2045 | -192 | -202 |
2046 | -213 | -224 |
2047 | -234 | -246 |
2048 | -255 | -267 |
2049 | -276 | -289 |
2050 | -297 | -311 |
2051 | -318 | -332 |
2052 | -338 | -354 |
2053 | -359 | -375 |
2054 | -380 | -397 |
2055 | -401 | -419 |
2056 | -422 | -440 |
2057 | -444 | -462 |
2058 | -465 | -484 |
2059 | -487 | -507 |
2060 | -509 | -530 |
2061 | -531 | -553 |
2062 | -554 | -576 |
2063 | -577 | -600 |
2064 | -601 | -625 |
2065 | -625 | -649 |
2066 | -649 | -674 |
2067 | -674 | -700 |
2068 | -699 | -725 |
2069 | -724 | -751 |
2070 | -749 | -777 |
2071 | -776 | -804 |
2072 | -802 | -831 |
2073 | -830 | -859 |
2074 | -857 | -887 |
2075 | -885 | -916 |
2076 | -914 | -946 |
2077 | -944 | -976 |
2078 | -975 | -1008 |
2079 | -1007 | -1040 |
2080 | -1039 | -1073 |
2081 | -1072 | -1107 |
2082 | -1106 | -1141 |
2083 | -1139 | -1176 |
2084 | -1173 | -1211 |
2085 | -1207 | -1246 |
2086 | -1242 | -1281 |
2087 | -1275 | -1315 |
2088 | -1309 | -1350 |
2089 | -1342 | -1384 |
2090 | -1375 | -1417 |
2091 | -1407 | -1450 |
2092 | -1439 | -1483 |
2093 | -1471 | -1516 |
2094 | -1503 | -1548 |
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