Proposed Provision: B6.3. Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2020 or who reaches their 85th birthday after the beginning of 2020. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2019, 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 2020 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 Current Law Provision
2018288288
2019272272
2020256254
2021239238
2022223220
2023206203
2024188185
2025171168
2026154150
2027137133
2028120116
202910499
20308681
20316963
20325145
20333326
2034147
2035-5-13
2036-25-34
2037-46-55
2038-67-77
2039-88-99
2040-110-121
2041-132-144
2042-154-167
2043-176-190
2044-199-213
2045-221-237
2046-244-260
2047-267-284
2048-289-307
2049-312-331
2050-335-355
2051-358-378
2052-381-402
2053-403-426
2054-426-450
2055-450-474
2056-473-498
2057-496-523
2058-520-547
2059-544-572
2060-569-598
2061-594-624
2062-619-650
2063-645-677
2064-671-704
2065-698-732
2066-725-759
2067-752-788
2068-780-817
2069-808-846
2070-837-875
2071-866-905
2072-896-936
2073-927-968
2074-958-1000
2075-990-1033
2076-1023-1067
2077-1057-1102
2078-1092-1138
2079-1128-1175
2080-1165-1213
2081-1202-1252
2082-1240-1290
2083-1278-1330
2084-1316-1369
2085-1354-1409
2086-1392-1448
2087-1430-1487
2088-1468-1526
2089-1505-1565
2090-1543-1604
2091-1580-1642
2092-1618-1681
2093-1655-1720
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