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 2023 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 215 |
| 2024 | 200 | 198 |
| 2025 | 183 | 181 |
| 2026 | 165 | 163 |
| 2027 | 148 | 146 |
| 2028 | 130 | 128 |
| 2029 | 112 | 110 |
| 2030 | 94 | 92 |
| 2031 | 76 | 73 |
| 2032 | 58 | 55 |
| 2033 | 39 | 36 |
| 2034 | 20 | 18 |
| 2035 | 1 | -2 |
| 2036 | -19 | -21 |
| 2037 | -38 | -41 |
| 2038 | -59 | -62 |
| 2039 | -80 | -82 |
| 2040 | -101 | -103 |
| 2041 | -122 | -125 |
| 2042 | -144 | -147 |
| 2043 | -166 | -168 |
| 2044 | -188 | -191 |
| 2045 | -210 | -213 |
| 2046 | -232 | -235 |
| 2047 | -255 | -257 |
| 2048 | -277 | -280 |
| 2049 | -299 | -302 |
| 2050 | -322 | -324 |
| 2051 | -344 | -347 |
| 2052 | -367 | -369 |
| 2053 | -389 | -392 |
| 2054 | -412 | -414 |
| 2055 | -434 | -437 |
| 2056 | -457 | -460 |
| 2057 | -480 | -483 |
| 2058 | -504 | -506 |
| 2059 | -527 | -530 |
| 2060 | -551 | -553 |
| 2061 | -575 | -578 |
| 2062 | -599 | -602 |
| 2063 | -624 | -627 |
| 2064 | -650 | -653 |
| 2065 | -676 | -679 |
| 2066 | -702 | -705 |
| 2067 | -728 | -731 |
| 2068 | -755 | -758 |
| 2069 | -782 | -785 |
| 2070 | -809 | -812 |
| 2071 | -837 | -841 |
| 2072 | -866 | -869 |
| 2073 | -895 | -898 |
| 2074 | -925 | -928 |
| 2075 | -955 | -958 |
| 2076 | -986 | -989 |
| 2077 | -1018 | -1021 |
| 2078 | -1051 | -1054 |
| 2079 | -1084 | -1087 |
| 2080 | -1119 | -1122 |
| 2081 | -1154 | -1157 |
| 2082 | -1190 | -1193 |
| 2083 | -1226 | -1229 |
| 2084 | -1263 | -1266 |
| 2085 | -1300 | -1303 |
| 2086 | -1337 | -1340 |
| 2087 | -1374 | -1378 |
| 2088 | -1411 | -1415 |
| 2089 | -1448 | -1452 |
| 2090 | -1484 | -1488 |
| 2091 | -1520 | -1523 |
| 2092 | -1554 | -1558 |
| 2093 | -1589 | -1592 |
| 2094 | -1623 | -1626 |
| 2095 | -1657 | -1660 |
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