Proposed Provision: B6.3. Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2021 or who reaches their 85th birthday after the beginning of 2021. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2020, 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 2021 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
2019273273
2020260260
2021245244
2022229228
2023213211
2024197194
2025180177
2026163160
2027147143
2028130126
2029114109
20309792
20318075
20326357
20334639
20342821
2035102
2036-9-17
2037-28-37
2038-47-57
2039-67-77
2040-87-98
2041-108-120
2042-129-141
2043-150-163
2044-171-185
2045-192-207
2046-213-228
2047-234-250
2048-255-272
2049-276-294
2050-297-316
2051-318-338
2052-338-359
2053-359-381
2054-380-403
2055-401-425
2056-422-447
2057-444-469
2058-465-492
2059-487-514
2060-509-537
2061-531-560
2062-554-584
2063-577-608
2064-601-632
2065-625-657
2066-649-682
2067-674-708
2068-699-733
2069-724-760
2070-749-786
2071-776-813
2072-802-840
2073-830-869
2074-857-897
2075-885-926
2076-914-956
2077-944-987
2078-975-1019
2079-1007-1052
2080-1039-1085
2081-1072-1119
2082-1106-1154
2083-1139-1188
2084-1173-1224
2085-1207-1259
2086-1242-1294
2087-1275-1329
2088-1309-1364
2089-1342-1398
2090-1375-1432
2091-1407-1466
2092-1439-1499
2093-1471-1532
2094-1503-1565
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