Proposed Provision: Starting December 2015, add 1 percentage point to the annual COLA for beneficiaries who have lived past a "specified age". The "specified age" is the sum of: (1) 65 and (2) the unisex cohort life expectancy at age 65.
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 | 247 |
2020 | 233 | 231 |
2021 | 219 | 217 |
2022 | 203 | 201 |
2023 | 187 | 185 |
2024 | 171 | 168 |
2025 | 154 | 151 |
2026 | 137 | 134 |
2027 | 119 | 116 |
2028 | 101 | 97 |
2029 | 83 | 78 |
2030 | 64 | 59 |
2031 | 44 | 38 |
2032 | 23 | 17 |
2033 | 2 | -4 |
2034 | -20 | -27 |
2035 | -42 | -49 |
2036 | -65 | -73 |
2037 | -88 | -96 |
2038 | -112 | -120 |
2039 | -136 | -145 |
2040 | -160 | -170 |
2041 | -185 | -195 |
2042 | -210 | -220 |
2043 | -235 | -246 |
2044 | -260 | -271 |
2045 | -285 | -297 |
2046 | -310 | -323 |
2047 | -336 | -349 |
2048 | -362 | -376 |
2049 | -388 | -403 |
2050 | -415 | -430 |
2051 | -442 | -458 |
2052 | -468 | -485 |
2053 | -495 | -513 |
2054 | -523 | -541 |
2055 | -550 | -569 |
2056 | -578 | -598 |
2057 | -606 | -627 |
2058 | -635 | -657 |
2059 | -664 | -687 |
2060 | -694 | -718 |
2061 | -725 | -749 |
2062 | -756 | -781 |
2063 | -787 | -813 |
2064 | -819 | -846 |
2065 | -852 | -879 |
2066 | -885 | -913 |
2067 | -918 | -947 |
2068 | -952 | -982 |
2069 | -987 | -1017 |
2070 | -1022 | -1052 |
2071 | -1057 | -1089 |
2072 | -1094 | -1127 |
2073 | -1132 | -1166 |
2074 | -1171 | -1205 |
2075 | -1210 | -1246 |
2076 | -1251 | -1287 |
2077 | -1293 | -1330 |
2078 | -1335 | -1373 |
2079 | -1378 | -1416 |
2080 | -1421 | -1460 |
2081 | -1464 | -1504 |
2082 | -1507 | -1548 |
2083 | -1550 | -1592 |
2084 | -1593 | -1636 |
2085 | -1636 | -1680 |
2086 | -1680 | -1725 |
2087 | -1724 | -1770 |
2088 | -1769 | -1815 |
2089 | -1814 | -1861 |
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