Proposed Provision: Beginning with those newly eligible for OASI benefits in 2023, multiply the PIA factors by the ratio of life expectancy at 67 for 2018 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 as computed by SSA's Office of the Chief Actuary, are used to determine the ratio. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218218
2022204204
2023189189
2024173174
2025158158
2026142142
2027125125
2028108108
20299090
20307172
20315252
20323133
20331112
2034-11-9
2035-32-30
2036-55-52
2037-78-74
2038-101-97
2039-124-120
2040-148-143
2041-172-166
2042-196-189
2043-220-212
2044-245-236
2045-269-259
2046-294-283
2047-319-306
2048-345-331
2049-371-355
2050-397-379
2051-423-403
2052-449-428
2053-476-452
2054-502-477
2055-530-501
2056-557-526
2057-585-552
2058-613-577
2059-642-603
2060-671-630
2061-701-657
2062-732-684
2063-763-711
2064-794-739
2065-826-767
2066-859-796
2067-892-825
2068-925-854
2069-959-883
2070-993-913
2071-1028-944
2072-1064-975
2073-1101-1007
2074-1139-1040
2075-1178-1073
2076-1217-1108
2077-1258-1142
2078-1299-1178
2079-1340-1213
2080-1382-1249
2081-1424-1284
2082-1466-1320
2083-1508-1356
2084-1550-1391
2085-1592-1427
2086-1635-1463
2087-1678-1500
2088-1722-1537
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