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 2026 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 |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 149 |
2027 | 131 | 130 |
2028 | 114 | 112 |
2029 | 96 | 95 |
2030 | 78 | 77 |
2031 | 60 | 59 |
2032 | 43 | 41 |
2033 | 25 | 23 |
2034 | 7 | 5 |
2035 | -12 | -14 |
2036 | -31 | -33 |
2037 | -51 | -53 |
2038 | -70 | -73 |
2039 | -91 | -93 |
2040 | -112 | -114 |
2041 | -133 | -135 |
2042 | -154 | -157 |
2043 | -176 | -179 |
2044 | -198 | -201 |
2045 | -220 | -223 |
2046 | -243 | -245 |
2047 | -265 | -268 |
2048 | -288 | -290 |
2049 | -311 | -313 |
2050 | -333 | -336 |
2051 | -357 | -359 |
2052 | -380 | -382 |
2053 | -403 | -406 |
2054 | -427 | -429 |
2055 | -450 | -453 |
2056 | -474 | -477 |
2057 | -498 | -500 |
2058 | -522 | -525 |
2059 | -547 | -549 |
2060 | -572 | -574 |
2061 | -597 | -600 |
2062 | -623 | -626 |
2063 | -650 | -653 |
2064 | -677 | -680 |
2065 | -705 | -708 |
2066 | -733 | -736 |
2067 | -762 | -765 |
2068 | -791 | -794 |
2069 | -820 | -823 |
2070 | -850 | -853 |
2071 | -880 | -883 |
2072 | -911 | -914 |
2073 | -942 | -945 |
2074 | -974 | -977 |
2075 | -1006 | -1009 |
2076 | -1039 | -1042 |
2077 | -1074 | -1076 |
2078 | -1108 | -1111 |
2079 | -1144 | -1147 |
2080 | -1181 | -1184 |
2081 | -1218 | -1221 |
2082 | -1256 | -1259 |
2083 | -1294 | -1298 |
2084 | -1333 | -1337 |
2085 | -1373 | -1376 |
2086 | -1413 | -1416 |
2087 | -1453 | -1456 |
2088 | -1494 | -1497 |
2089 | -1534 | -1537 |
2090 | -1574 | -1577 |
2091 | -1613 | -1616 |
2092 | -1651 | -1655 |
2093 | -1689 | -1692 |
2094 | -1726 | -1729 |
2095 | -1762 | -1765 |
2096 | -1798 | -1801 |
2097 | -1833 | -1836 |
2098 | -1868 | -1871 |
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