Proposed Provision: Starting in 2021, provide a uniform PIA increase 23 years after benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 14th through the 23rd years after eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 12th year after benefit eligibility. A similar additional PIA increase applies 42 years after benefit eligibility (phased in from the 33rd through the 42nd years after eligibility). Auxiliary beneficiaries receive benefit enhancement based on PIA of governing worker.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219218
2022203203
2023187186
2024171169
2025154152
2026137134
2027119115
202810197
20298377
20306457
20314436
20322315
20332-8
2034-20-30
2035-42-54
2036-65-78
2037-88-102
2038-112-127
2039-136-152
2040-160-178
2041-185-203
2042-210-230
2043-235-256
2044-260-282
2045-285-309
2046-310-336
2047-336-363
2048-362-391
2049-388-419
2050-415-447
2051-442-475
2052-468-503
2053-495-532
2054-523-561
2055-550-590
2056-578-620
2057-606-649
2058-635-680
2059-664-711
2060-694-742
2061-725-774
2062-756-807
2063-787-840
2064-819-874
2065-852-908
2066-885-942
2067-918-977
2068-952-1013
2069-987-1049
2070-1022-1086
2071-1057-1124
2072-1094-1162
2073-1132-1202
2074-1171-1242
2075-1210-1284
2076-1251-1327
2077-1293-1370
2078-1335-1415
2079-1378-1459
2080-1421-1505
2081-1464-1550
2082-1507-1595
2083-1550-1640
2084-1593-1686
2085-1636-1731
2086-1680-1777
2087-1724-1823
2088-1769-1870
2089-1814-1918
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