Proposed Provision: Beginning with those newly eligible for OASI benefits in 2022, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2059. Beginning with those newly eligible for OASI benefits in 2017, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2054. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 219 |
2022 | 203 | 203 |
2023 | 187 | 188 |
2024 | 171 | 171 |
2025 | 154 | 155 |
2026 | 137 | 138 |
2027 | 119 | 121 |
2028 | 101 | 103 |
2029 | 83 | 85 |
2030 | 64 | 67 |
2031 | 44 | 48 |
2032 | 23 | 29 |
2033 | 2 | 9 |
2034 | -20 | -11 |
2035 | -42 | -32 |
2036 | -65 | -53 |
2037 | -88 | -73 |
2038 | -112 | -94 |
2039 | -136 | -116 |
2040 | -160 | -137 |
2041 | -185 | -158 |
2042 | -210 | -178 |
2043 | -235 | -199 |
2044 | -260 | -219 |
2045 | -285 | -239 |
2046 | -310 | -259 |
2047 | -336 | -279 |
2048 | -362 | -299 |
2049 | -388 | -318 |
2050 | -415 | -337 |
2051 | -442 | -355 |
2052 | -468 | -373 |
2053 | -495 | -390 |
2054 | -523 | -407 |
2055 | -550 | -424 |
2056 | -578 | -440 |
2057 | -606 | -456 |
2058 | -635 | -472 |
2059 | -664 | -487 |
2060 | -694 | -502 |
2061 | -725 | -516 |
2062 | -756 | -530 |
2063 | -787 | -544 |
2064 | -819 | -557 |
2065 | -852 | -569 |
2066 | -885 | -581 |
2067 | -918 | -593 |
2068 | -952 | -604 |
2069 | -987 | -614 |
2070 | -1022 | -624 |
2071 | -1057 | -633 |
2072 | -1094 | -643 |
2073 | -1132 | -652 |
2074 | -1171 | -661 |
2075 | -1210 | -669 |
2076 | -1251 | -677 |
2077 | -1293 | -685 |
2078 | -1335 | -693 |
2079 | -1378 | -700 |
2080 | -1421 | -707 |
2081 | -1464 | -713 |
2082 | -1507 | -719 |
2083 | -1550 | -724 |
2084 | -1593 | -729 |
2085 | -1636 | -733 |
2086 | -1680 | -738 |
2087 | -1724 | -742 |
2088 | -1769 | -747 |
2089 | -1814 | -752 |
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