Proposed Provision: B6.8. Starting in 2022, provide an additional monthly benefit equal to 1/12th of 2 percent of the AWI for the second prior year. This additional benefit would be available to those meeting any of the following four requirements: (a) Social Security beneficiaries who have attained age 82; (b) Social Security beneficiaries who have attained NRA and have both AIME at or below the first PIA bend point ($960 for 2020 initial eligibility) and at least 11 "years of coverage" as used for Windfall Elimination Provision purposes (earnings above $25.575 for 2020); (c) Individuals who have received Social Security benefits and/or SSI payments for at least 240 distinct months after attaining age 19; or (d) SSI recipients who have attained the Social Security NRA. This additional benefit would be paid out of the applicable Social Security OASI or DI Trust Fund for any month in which the individual is in receipt of a Social Security benefit; it would be paid out of the General Fund of the Treasury for any month in which the individual is in receipt of an SSI monthly payment but not a Social Security monthly benefit.

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

Year Current Law Provision
2020261261
2021248248
2022233230
2023217213
2024200196
2025183177
2026165159
2027148141
2028130122
2029112103
20309484
20317665
20325846
20333927
2034207
20351-14
2036-19-34
2037-38-56
2038-59-77
2039-80-99
2040-101-122
2041-122-144
2042-144-167
2043-166-191
2044-188-214
2045-210-238
2046-232-262
2047-255-286
2048-277-309
2049-299-333
2050-322-357
2051-344-381
2052-367-405
2053-389-430
2054-412-454
2055-434-478
2056-457-503
2057-480-527
2058-504-552
2059-527-577
2060-551-602
2061-575-628
2062-599-654
2063-624-680
2064-650-707
2065-676-735
2066-702-762
2067-728-790
2068-755-818
2069-782-847
2070-809-876
2071-837-905
2072-866-935
2073-895-966
2074-925-997
2075-955-1029
2076-986-1062
2077-1018-1095
2078-1051-1130
2079-1084-1165
2080-1119-1201
2081-1154-1239
2082-1190-1276
2083-1226-1314
2084-1263-1353
2085-1300-1392
2086-1337-1432
2087-1374-1471
2088-1411-1510
2089-1448-1549
2090-1484-1587
2091-1520-1625
2092-1554-1662
2093-1589-1698
2094-1623-1734
2095-1657-1770
back