Proposed Provision: Starting in 2014, provide a 5 percent uniform benefit increase 24 years after initial benefit eligibility. Phase in the benefit increase at 1 percent per year from the 20th through 24th years after eligibility. For disabled workers, the eligibility age is the initial entitlement year to the benefit. The benefit increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

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

Year Present Law Provision
2013330330
2014315313
2015301298
2016286283
2017271268
2018257254
2019244240
2020231226
2021218213
2022204198
2023189183
2024173167
2025158151
2026142134
2027125117
202810899
20299081
20307161
20315241
20323121
203311-1
2034-11-23
2035-32-45
2036-55-68
2037-78-92
2038-101-116
2039-124-140
2040-148-165
2041-172-190
2042-196-215
2043-220-240
2044-245-265
2045-269-291
2046-294-317
2047-319-343
2048-345-370
2049-371-397
2050-397-424
2051-423-451
2052-449-478
2053-476-506
2054-502-534
2055-530-562
2056-557-591
2057-585-620
2058-613-650
2059-642-680
2060-671-710
2061-701-741
2062-732-773
2063-763-805
2064-794-838
2065-826-871
2066-859-905
2067-892-939
2068-925-973
2069-959-1008
2070-993-1044
2071-1028-1080
2072-1064-1118
2073-1101-1156
2074-1139-1195
2075-1178-1235
2076-1217-1276
2077-1258-1318
2078-1299-1360
2079-1340-1404
2080-1382-1447
2081-1424-1490
2082-1466-1534
2083-1508-1577
2084-1550-1621
2085-1592-1665
2086-1635-1709
2087-1678-1754
2088-1722-1799
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