Proposed Provision: Establish an alternative benefit for a surviving spouse. For the surviving spouse, the alternative benefit would equal 75 percent of the sum of the survivor's own worker benefit and the deceased worker's PIA (including any actuarial reductions or delayed retirement credits). If the deceased worker died before becoming entitled, use the age 62 actuarial reduction if deceased before age 62, or the applicable actuarial reduction/DRC for entitlement at the age of death if deceased after 62. The alternative benefit would not exceed the PIA of a hypothetical earner who earns the SSA average wage index (AWI) every year, and who becomes eligible for retired-worker benefits in the same year in which the deceased worker became entitled to worker benefits or died (if before entitlement). The alternative benefit would be paid only if more than the current-law benefit. This benefit would be available to surviving spouses on the rolls at the beginning of 2018 and those becoming eligible after 2018.

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

Year Present Law Provision
2016303303
2017293293
2018277275
2019262259
2020246243
2021231227
2022216211
2023200194
2024183177
2025165159
2026149142
2027132125
2028115107
20299890
20308172
20316454
20324636
20332716
20348-3
2035-11-23
2036-30-43
2037-50-64
2038-71-85
2039-91-106
2040-112-128
2041-133-150
2042-154-171
2043-176-194
2044-197-216
2045-218-238
2046-240-260
2047-262-283
2048-283-305
2049-305-328
2050-327-350
2051-349-373
2052-371-396
2053-393-419
2054-415-442
2055-437-465
2056-460-488
2057-482-511
2058-506-535
2059-529-560
2060-553-585
2061-578-610
2062-603-636
2063-628-662
2064-654-688
2065-680-715
2066-706-742
2067-733-770
2068-760-798
2069-788-827
2070-816-856
2071-845-885
2072-874-916
2073-905-947
2074-935-978
2075-967-1011
2076-1000-1045
2077-1033-1079
2078-1068-1114
2079-1102-1150
2080-1138-1186
2081-1173-1223
2082-1208-1259
2083-1243-1296
2084-1279-1332
2085-1314-1368
2086-1349-1404
2087-1384-1440
2088-1419-1476
2089-1455-1513
2090-1491-1550
2091-1528-1588
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