Proposed Provision: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2016 or who reaches their 85th birthday after the beginning of 2016. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2015, or at the end of the year age 80 if later. Increase the beneficiary's PIA by 5 percent of this amount for those older than 85 at the beginning of 2016 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

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

Year Present Law Provision
2014320320
2015306306
2016292290
2017277275
2018262260
2019248245
2020233230
2021219215
2022203199
2023187183
2024171166
2025154149
2026137132
2027119114
202810195
20298376
20306456
20314436
20322315
20332-7
2034-20-29
2035-42-52
2036-65-76
2037-88-100
2038-112-124
2039-136-149
2040-160-174
2041-185-199
2042-210-225
2043-235-251
2044-260-276
2045-285-302
2046-310-329
2047-336-356
2048-362-383
2049-388-410
2050-415-438
2051-442-465
2052-468-493
2053-495-521
2054-523-549
2055-550-578
2056-578-607
2057-606-636
2058-635-666
2059-664-697
2060-694-728
2061-725-759
2062-756-791
2063-787-823
2064-819-856
2065-852-890
2066-885-924
2067-918-958
2068-952-993
2069-987-1029
2070-1022-1065
2071-1057-1102
2072-1094-1140
2073-1132-1179
2074-1171-1219
2075-1210-1259
2076-1251-1301
2077-1293-1344
2078-1335-1388
2079-1378-1432
2080-1421-1476
2081-1464-1521
2082-1507-1565
2083-1550-1610
2084-1593-1654
2085-1636-1699
2086-1680-1744
2087-1724-1789
2088-1769-1835
2089-1814-1882
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