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 |
2020 | 261 | 261 |
2021 | 248 | 248 |
2022 | 233 | 233 |
2023 | 217 | 214 |
2024 | 200 | 196 |
2025 | 183 | 178 |
2026 | 165 | 160 |
2027 | 148 | 141 |
2028 | 130 | 123 |
2029 | 112 | 104 |
2030 | 94 | 85 |
2031 | 76 | 66 |
2032 | 58 | 47 |
2033 | 39 | 27 |
2034 | 20 | 7 |
2035 | 1 | -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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