Proposed Provision: Beginning with those newly eligible for OASI benefits in 2022, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2059. Beginning with those newly eligible for OASI benefits in 2017, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2054. 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. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203203
2023187188
2024171171
2025154155
2026137138
2027119121
2028101103
20298385
20306467
20314448
20322329
203329
2034-20-11
2035-42-32
2036-65-53
2037-88-73
2038-112-94
2039-136-116
2040-160-137
2041-185-158
2042-210-178
2043-235-199
2044-260-219
2045-285-239
2046-310-259
2047-336-279
2048-362-299
2049-388-318
2050-415-337
2051-442-355
2052-468-373
2053-495-390
2054-523-407
2055-550-424
2056-578-440
2057-606-456
2058-635-472
2059-664-487
2060-694-502
2061-725-516
2062-756-530
2063-787-544
2064-819-557
2065-852-569
2066-885-581
2067-918-593
2068-952-604
2069-987-614
2070-1022-624
2071-1057-633
2072-1094-643
2073-1132-652
2074-1171-661
2075-1210-669
2076-1251-677
2077-1293-685
2078-1335-693
2079-1378-700
2080-1421-707
2081-1464-713
2082-1507-719
2083-1550-724
2084-1593-729
2085-1636-733
2086-1680-738
2087-1724-742
2088-1769-747
2089-1814-752
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