Proposed Provision: B7.11. Beginning in January 2024, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 192 |
| 2025 | 178 | 173 |
| 2026 | 159 | 153 |
| 2027 | 141 | 134 |
| 2028 | 122 | 114 |
| 2029 | 104 | 95 |
| 2030 | 85 | 75 |
| 2031 | 66 | 56 |
| 2032 | 46 | 36 |
| 2033 | 27 | 16 |
| 2034 | 7 | -4 |
| 2035 | -13 | -25 |
| 2036 | -33 | -46 |
| 2037 | -54 | -67 |
| 2038 | -76 | -89 |
| 2039 | -97 | -111 |
| 2040 | -119 | -134 |
| 2041 | -142 | -156 |
| 2042 | -165 | -179 |
| 2043 | -188 | -203 |
| 2044 | -211 | -226 |
| 2045 | -235 | -250 |
| 2046 | -258 | -273 |
| 2047 | -282 | -297 |
| 2048 | -306 | -321 |
| 2049 | -330 | -345 |
| 2050 | -354 | -369 |
| 2051 | -378 | -394 |
| 2052 | -403 | -418 |
| 2053 | -427 | -443 |
| 2054 | -452 | -467 |
| 2055 | -477 | -492 |
| 2056 | -502 | -517 |
| 2057 | -527 | -542 |
| 2058 | -552 | -567 |
| 2059 | -578 | -592 |
| 2060 | -604 | -618 |
| 2061 | -630 | -644 |
| 2062 | -657 | -671 |
| 2063 | -684 | -697 |
| 2064 | -712 | -725 |
| 2065 | -740 | -752 |
| 2066 | -768 | -780 |
| 2067 | -796 | -809 |
| 2068 | -825 | -837 |
| 2069 | -855 | -866 |
| 2070 | -884 | -895 |
| 2071 | -914 | -925 |
| 2072 | -945 | -955 |
| 2073 | -976 | -986 |
| 2074 | -1007 | -1017 |
| 2075 | -1039 | -1049 |
| 2076 | -1071 | -1081 |
| 2077 | -1105 | -1115 |
| 2078 | -1139 | -1149 |
| 2079 | -1175 | -1184 |
| 2080 | -1211 | -1220 |
| 2081 | -1248 | -1257 |
| 2082 | -1286 | -1294 |
| 2083 | -1324 | -1332 |
| 2084 | -1363 | -1371 |
| 2085 | -1403 | -1410 |
| 2086 | -1443 | -1450 |
| 2087 | -1483 | -1489 |
| 2088 | -1524 | -1529 |
| 2089 | -1564 | -1568 |
| 2090 | -1604 | -1607 |
| 2091 | -1643 | -1645 |
| 2092 | -1681 | -1683 |
| 2093 | -1718 | -1719 |
| 2094 | -1754 | -1754 |
| 2095 | -1789 | -1790 |
| 2096 | -1825 | -1824 |
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