Proposed Provision: Beginning with those newly eligible for OASI benefits in 2023, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2060. Beginning with those newly eligible for OASI benefits in 2018, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2055. 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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157158
2026142142
2027126127
2028110111
20299496
20307780
20316063
20324246
20332328
2034410
2035-16-8
2036-36-26
2037-57-45
2038-78-64
2039-100-82
2040-122-101
2041-144-120
2042-166-138
2043-189-157
2044-211-175
2045-234-193
2046-257-210
2047-280-227
2048-303-244
2049-327-261
2050-351-277
2051-375-292
2052-398-307
2053-423-322
2054-447-336
2055-472-350
2056-496-363
2057-522-376
2058-548-388
2059-574-400
2060-601-412
2061-629-423
2062-657-434
2063-685-445
2064-714-455
2065-744-464
2066-774-473
2067-804-481
2068-835-489
2069-867-497
2070-899-503
2071-932-510
2072-965-516
2073-1000-522
2074-1035-528
2075-1072-534
2076-1110-539
2077-1148-544
2078-1188-549
2079-1228-553
2080-1268-557
2081-1309-560
2082-1350-563
2083-1391-565
2084-1432-567
2085-1472-569
2086-1514-570
2087-1555-571
2088-1597-573
2089-1640-574
2090-1683-576
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