Proposed Provision: B7.12. Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers newly entitled to retired worker benefits in 2022 and later. Widows are held harmless from the lump-sum decision.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229228
2023213212
2024197195
2025180179
2026163162
2027147145
2028130129
2029114112
20309795
20318078
20326361
20334644
20342826
2035108
2036-9-11
2037-28-30
2038-47-49
2039-67-69
2040-87-89
2041-108-110
2042-129-131
2043-150-152
2044-171-173
2045-192-194
2046-213-215
2047-234-236
2048-255-257
2049-276-278
2050-297-298
2051-318-319
2052-338-340
2053-359-361
2054-380-382
2055-401-403
2056-422-424
2057-444-445
2058-465-467
2059-487-488
2060-509-510
2061-531-533
2062-554-556
2063-577-579
2064-601-603
2065-625-627
2066-649-651
2067-674-675
2068-699-700
2069-724-726
2070-749-751
2071-776-777
2072-802-804
2073-830-831
2074-857-859
2075-885-887
2076-914-916
2077-944-946
2078-975-977
2079-1007-1009
2080-1039-1041
2081-1072-1074
2082-1106-1108
2083-1139-1141
2084-1173-1175
2085-1207-1209
2086-1242-1244
2087-1275-1277
2088-1309-1311
2089-1342-1344
2090-1375-1377
2091-1407-1409
2092-1439-1441
2093-1471-1473
2094-1503-1505
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