Proposed Provision: B7.12. Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers attaining age 62 in 2023 and later. Widows are held harmless from the lump-sum decision.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Present Law |
Provision |
| 2016 | 303 | 303 |
| 2017 | 293 | 293 |
| 2018 | 277 | 277 |
| 2019 | 262 | 262 |
| 2020 | 246 | 246 |
| 2021 | 231 | 231 |
| 2022 | 216 | 216 |
| 2023 | 200 | 200 |
| 2024 | 183 | 183 |
| 2025 | 165 | 165 |
| 2026 | 149 | 149 |
| 2027 | 132 | 132 |
| 2028 | 115 | 115 |
| 2029 | 98 | 98 |
| 2030 | 81 | 81 |
| 2031 | 64 | 63 |
| 2032 | 46 | 45 |
| 2033 | 27 | 27 |
| 2034 | 8 | 8 |
| 2035 | -11 | -12 |
| 2036 | -30 | -31 |
| 2037 | -50 | -51 |
| 2038 | -71 | -72 |
| 2039 | -91 | -93 |
| 2040 | -112 | -114 |
| 2041 | -133 | -135 |
| 2042 | -154 | -156 |
| 2043 | -176 | -177 |
| 2044 | -197 | -199 |
| 2045 | -218 | -220 |
| 2046 | -240 | -242 |
| 2047 | -262 | -263 |
| 2048 | -283 | -285 |
| 2049 | -305 | -307 |
| 2050 | -327 | -329 |
| 2051 | -349 | -351 |
| 2052 | -371 | -373 |
| 2053 | -393 | -395 |
| 2054 | -415 | -417 |
| 2055 | -437 | -439 |
| 2056 | -460 | -462 |
| 2057 | -482 | -484 |
| 2058 | -506 | -508 |
| 2059 | -529 | -531 |
| 2060 | -553 | -555 |
| 2061 | -578 | -580 |
| 2062 | -603 | -605 |
| 2063 | -628 | -630 |
| 2064 | -654 | -656 |
| 2065 | -680 | -682 |
| 2066 | -706 | -708 |
| 2067 | -733 | -735 |
| 2068 | -760 | -763 |
| 2069 | -788 | -790 |
| 2070 | -816 | -818 |
| 2071 | -845 | -847 |
| 2072 | -874 | -877 |
| 2073 | -905 | -907 |
| 2074 | -935 | -938 |
| 2075 | -967 | -969 |
| 2076 | -1000 | -1002 |
| 2077 | -1033 | -1036 |
| 2078 | -1068 | -1070 |
| 2079 | -1102 | -1105 |
| 2080 | -1138 | -1140 |
| 2081 | -1173 | -1175 |
| 2082 | -1208 | -1211 |
| 2083 | -1243 | -1246 |
| 2084 | -1279 | -1281 |
| 2085 | -1314 | -1316 |
| 2086 | -1349 | -1351 |
| 2087 | -1384 | -1386 |
| 2088 | -1419 | -1421 |
| 2089 | -1455 | -1457 |
| 2090 | -1491 | -1493 |
| 2091 | -1528 | -1530 |
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