Proposed Provision: B6.6. Starting in 2024, 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 (age 104), phased in from the 33rd through the 42nd years after eligibility. For those past the 14th year of eligibility in 2024 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2024. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199198
2025182182
2026165164
2027148146
2028130128
2029112109
20309490
20317571
20325651
20333730
2034169
2035-4-13
2036-26-35
2037-47-58
2038-70-81
2039-92-105
2040-115-129
2041-138-153
2042-161-177
2043-184-202
2044-207-226
2045-230-251
2046-253-275
2047-276-300
2048-300-324
2049-323-349
2050-346-374
2051-370-399
2052-393-424
2053-417-449
2054-440-474
2055-464-499
2056-487-524
2057-511-549
2058-536-575
2059-560-601
2060-585-628
2061-611-655
2062-637-682
2063-663-710
2064-690-738
2065-717-767
2066-745-796
2067-772-825
2068-801-855
2069-829-885
2070-858-915
2071-888-946
2072-918-978
2073-949-1011
2074-981-1044
2075-1014-1079
2076-1047-1114
2077-1082-1150
2078-1117-1187
2079-1153-1225
2080-1190-1264
2081-1227-1302
2082-1264-1341
2083-1300-1380
2084-1337-1419
2085-1374-1457
2086-1410-1495
2087-1446-1534
2088-1483-1572
2089-1520-1611
2090-1557-1650
2091-1595-1690
2092-1633-1730
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