Proposed Provision: For OASI beneficiaries becoming eligible for benefits in 2022 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2017 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables, would be used as projected by SSA's Office of the Chief Actuary. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

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

Year Present Law Provision
2009354354
2010360360
2011366366
2012369369
2013367367
2014364364
2015359359
2016354354
2017347347
2018338338
2019327327
2020315315
2021302302
2022289289
2023275275
2024260260
2025244244
2026227227
2027209210
2028191192
2029173173
2030153154
2031133135
2032113115
20339295
20347175
20355054
20362933
2037712
2038-16-9
2039-38-31
2040-61-52
2041-83-74
2042-106-95
2043-129-117
2044-152-138
2045-175-160
2046-199-181
2047-222-202
2048-246-224
2049-270-246
2050-294-267
2051-318-289
2052-342-310
2053-366-332
2054-391-353
2055-415-374
2056-440-396
2057-466-418
2058-491-440
2059-517-462
2060-544-484
2061-570-506
2062-598-529
2063-625-552
2064-653-575
2065-681-598
2066-710-622
2067-739-646
2068-768-669
2069-798-693
2070-828-718
2071-859-743
2072-890-768
2073-922-793
2074-954-819
2075-987-845
2076-1020-871
2077-1054-898
2078-1089-925
2079-1124-953
2080-1159-981
2081-1195-1009
2082-1232-1038
2083-1270-1068
2084-1308-1097
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