Proposed Provision: B6.6. Starting in 2032, provide a uniform PIA increase in the 24th year of benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 15th through the 24th years of eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 14th year of benefit eligibility. A similar additional PIA increase applies in the 43rd year of benefit eligibility (age 104), phased in from the 34th through the 43rd years of eligibility. For those past the 15th year of eligibility in 2031 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2032. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332625
203498
2035-9-10
2036-27-28
2037-45-47
2038-63-66
2039-83-86
2040-102-107
2041-122-128
2042-143-149
2043-164-172
2044-185-194
2045-206-217
2046-228-239
2047-250-263
2048-272-286
2049-295-310
2050-317-333
2051-340-357
2052-363-382
2053-386-406
2054-409-431
2055-433-455
2056-457-480
2057-481-506
2058-505-531
2059-530-557
2060-556-584
2061-582-611
2062-609-639
2063-636-668
2064-664-697
2065-692-726
2066-721-756
2067-750-786
2068-780-817
2069-810-848
2070-840-880
2071-871-912
2072-903-945
2073-935-978
2074-967-1011
2075-1000-1046
2076-1035-1082
2077-1070-1118
2078-1106-1155
2079-1142-1193
2080-1180-1233
2081-1219-1272
2082-1258-1313
2083-1298-1354
2084-1338-1397
2085-1380-1440
2086-1423-1484
2087-1466-1529
2088-1510-1575
2089-1554-1621
2090-1599-1667
2091-1643-1713
2092-1687-1759
2093-1731-1804
2094-1774-1849
2095-1816-1894
2096-1858-1938
2097-1900-1981
2098-1941-2024
2099-1982-2067
2100-2022-2109
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