Proposed Provision: B6.5. Starting in 2023, 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. 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
2020261261
2021248248
2022233233
2023217214
2024200196
2025183178
2026165160
2027148141
2028130123
2029112104
20309485
20317666
20325847
20333927
2034207
20351-13
2036-19-34
2037-38-55
2038-59-77
2039-80-99
2040-101-121
2041-122-143
2042-144-166
2043-166-190
2044-188-213
2045-210-237
2046-232-261
2047-255-285
2048-277-308
2049-299-332
2050-322-356
2051-344-380
2052-367-404
2053-389-428
2054-412-452
2055-434-477
2056-457-501
2057-480-526
2058-504-550
2059-527-575
2060-551-600
2061-575-626
2062-599-652
2063-624-678
2064-650-705
2065-676-732
2066-702-760
2067-728-787
2068-755-816
2069-782-844
2070-809-873
2071-837-902
2072-866-932
2073-895-963
2074-925-994
2075-955-1026
2076-986-1059
2077-1018-1092
2078-1051-1126
2079-1084-1162
2080-1119-1198
2081-1154-1235
2082-1190-1273
2083-1226-1311
2084-1263-1350
2085-1300-1389
2086-1337-1428
2087-1374-1467
2088-1411-1506
2089-1448-1545
2090-1484-1583
2091-1520-1621
2092-1554-1658
2093-1589-1694
2094-1623-1730
2095-1657-1766
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