Proposed Provision: B6.6. Starting in 2026, provide a uniform PIA increase in the 24th year of benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 15th through the 24th years of eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 14th year of benefit eligibility. A similar additional PIA increase applies in the 43rd year of benefit eligibility (age 104), phased in from the 34rd through the 43nd years of eligibility. For those past the 15th year of eligibility in 2026 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2026. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147146
2028130129
2029114112
20309795
20318077
20326359
20334641
20342822
2035103
2036-9-17
2037-28-37
2038-47-57
2039-67-78
2040-87-100
2041-108-121
2042-129-143
2043-150-165
2044-171-188
2045-192-210
2046-213-232
2047-234-255
2048-255-277
2049-276-299
2050-297-322
2051-318-344
2052-338-366
2053-359-389
2054-380-411
2055-401-433
2056-422-456
2057-444-479
2058-465-501
2059-487-524
2060-509-548
2061-531-571
2062-554-595
2063-577-620
2064-601-645
2065-625-670
2066-649-696
2067-674-722
2068-699-748
2069-724-775
2070-749-801
2071-776-829
2072-802-857
2073-830-886
2074-857-915
2075-885-944
2076-914-975
2077-944-1006
2078-975-1039
2079-1007-1072
2080-1039-1106
2081-1072-1141
2082-1106-1176
2083-1139-1211
2084-1173-1247
2085-1207-1283
2086-1242-1319
2087-1275-1355
2088-1309-1390
2089-1342-1425
2090-1375-1460
2091-1407-1494
2092-1439-1528
2093-1471-1562
2094-1503-1596
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