Proposed Provision: Starting in 2017, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index.
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 | 274 |
2018 | 262 | 259 |
2019 | 248 | 243 |
2020 | 233 | 228 |
2021 | 219 | 212 |
2022 | 203 | 197 |
2023 | 187 | 180 |
2024 | 171 | 163 |
2025 | 154 | 145 |
2026 | 137 | 127 |
2027 | 119 | 109 |
2028 | 101 | 90 |
2029 | 83 | 70 |
2030 | 64 | 50 |
2031 | 44 | 29 |
2032 | 23 | 7 |
2033 | 2 | -15 |
2034 | -20 | -38 |
2035 | -42 | -61 |
2036 | -65 | -85 |
2037 | -88 | -110 |
2038 | -112 | -134 |
2039 | -136 | -160 |
2040 | -160 | -185 |
2041 | -185 | -211 |
2042 | -210 | -238 |
2043 | -235 | -264 |
2044 | -260 | -291 |
2045 | -285 | -317 |
2046 | -310 | -344 |
2047 | -336 | -372 |
2048 | -362 | -400 |
2049 | -388 | -428 |
2050 | -415 | -456 |
2051 | -442 | -484 |
2052 | -468 | -513 |
2053 | -495 | -542 |
2054 | -523 | -571 |
2055 | -550 | -600 |
2056 | -578 | -630 |
2057 | -606 | -660 |
2058 | -635 | -690 |
2059 | -664 | -721 |
2060 | -694 | -753 |
2061 | -725 | -785 |
2062 | -756 | -818 |
2063 | -787 | -851 |
2064 | -819 | -885 |
2065 | -852 | -919 |
2066 | -885 | -954 |
2067 | -918 | -989 |
2068 | -952 | -1025 |
2069 | -987 | -1061 |
2070 | -1022 | -1098 |
2071 | -1057 | -1136 |
2072 | -1094 | -1174 |
2073 | -1132 | -1214 |
2074 | -1171 | -1255 |
2075 | -1210 | -1297 |
2076 | -1251 | -1339 |
2077 | -1293 | -1383 |
2078 | -1335 | -1428 |
2079 | -1378 | -1473 |
2080 | -1421 | -1518 |
2081 | -1464 | -1564 |
2082 | -1507 | -1609 |
2083 | -1550 | -1655 |
2084 | -1593 | -1700 |
2085 | -1636 | -1746 |
2086 | -1680 | -1792 |
2087 | -1724 | -1838 |
2088 | -1769 | -1885 |
2089 | -1814 | -1933 |
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