Proposed Provision: B6.6. Starting in 2027, 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 2027 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2027. 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
2023217217
2024200200
2025183183
2026165165
2027148147
2028130129
2029112111
20309492
20317674
20325855
20333935
20342016
20351-4
2036-19-25
2037-38-46
2038-59-67
2039-80-89
2040-101-111
2041-122-134
2042-144-157
2043-166-180
2044-188-203
2045-210-227
2046-232-250
2047-255-274
2048-277-297
2049-299-321
2050-322-345
2051-344-369
2052-367-393
2053-389-416
2054-412-440
2055-434-464
2056-457-489
2057-480-513
2058-504-538
2059-527-562
2060-551-587
2061-575-613
2062-599-638
2063-624-665
2064-650-691
2065-676-718
2066-702-745
2067-728-773
2068-755-801
2069-782-829
2070-809-858
2071-837-887
2072-866-917
2073-895-948
2074-925-979
2075-955-1010
2076-986-1043
2077-1018-1076
2078-1051-1110
2079-1084-1145
2080-1119-1181
2081-1154-1218
2082-1190-1255
2083-1226-1293
2084-1263-1332
2085-1300-1370
2086-1337-1409
2087-1374-1448
2088-1411-1487
2089-1448-1526
2090-1484-1564
2091-1520-1601
2092-1554-1638
2093-1589-1674
2094-1623-1709
2095-1657-1745
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