Proposed Provision: For OASI beneficiaries becoming eligible for benefits in 2018 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2013 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables, would be used as projected by SSA's Office of the Chief Actuary. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

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

Year Present Law Provision
2008359359
2009369369
2010378378
2011386386
2012392392
2013394394
2014395395
2015393393
2016390390
2017385385
2018378378
2019371371
2020361362
2021351352
2022341341
2023329329
2024316317
2025302303
2026287289
2027272274
2028256259
2029239243
2030221226
2031203209
2032185191
2033166174
2034147156
2035127138
2036108120
203788101
20386783
20394764
20402646
2041627
2042-159
2043-36-10
2044-57-28
2045-78-47
2046-100-65
2047-121-83
2048-143-102
2049-165-120
2050-187-138
2051-209-157
2052-232-175
2053-254-194
2054-277-212
2055-300-231
2056-324-250
2057-347-269
2058-372-288
2059-396-307
2060-421-327
2061-447-347
2062-472-366
2063-498-387
2064-525-407
2065-552-427
2066-579-448
2067-607-469
2068-635-490
2069-664-512
2070-693-534
2071-722-555
2072-752-578
2073-782-600
2074-813-623
2075-845-646
2076-876-670
2077-909-693
2078-942-717
2079-975-742
2080-1009-767
2081-1044-792
2082-1079-818
2083-1114-844
2084-1151-870
2085-1188-897
back