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 newly entitled to retired worker benefits in 2022 and later. Widows are held harmless from the lump-sum decision.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 228 |
| 2023 | 213 | 212 |
| 2024 | 197 | 195 |
| 2025 | 180 | 179 |
| 2026 | 163 | 162 |
| 2027 | 147 | 145 |
| 2028 | 130 | 129 |
| 2029 | 114 | 112 |
| 2030 | 97 | 95 |
| 2031 | 80 | 78 |
| 2032 | 63 | 61 |
| 2033 | 46 | 44 |
| 2034 | 28 | 26 |
| 2035 | 10 | 8 |
| 2036 | -9 | -11 |
| 2037 | -28 | -30 |
| 2038 | -47 | -49 |
| 2039 | -67 | -69 |
| 2040 | -87 | -89 |
| 2041 | -108 | -110 |
| 2042 | -129 | -131 |
| 2043 | -150 | -152 |
| 2044 | -171 | -173 |
| 2045 | -192 | -194 |
| 2046 | -213 | -215 |
| 2047 | -234 | -236 |
| 2048 | -255 | -257 |
| 2049 | -276 | -278 |
| 2050 | -297 | -298 |
| 2051 | -318 | -319 |
| 2052 | -338 | -340 |
| 2053 | -359 | -361 |
| 2054 | -380 | -382 |
| 2055 | -401 | -403 |
| 2056 | -422 | -424 |
| 2057 | -444 | -445 |
| 2058 | -465 | -467 |
| 2059 | -487 | -488 |
| 2060 | -509 | -510 |
| 2061 | -531 | -533 |
| 2062 | -554 | -556 |
| 2063 | -577 | -579 |
| 2064 | -601 | -603 |
| 2065 | -625 | -627 |
| 2066 | -649 | -651 |
| 2067 | -674 | -675 |
| 2068 | -699 | -700 |
| 2069 | -724 | -726 |
| 2070 | -749 | -751 |
| 2071 | -776 | -777 |
| 2072 | -802 | -804 |
| 2073 | -830 | -831 |
| 2074 | -857 | -859 |
| 2075 | -885 | -887 |
| 2076 | -914 | -916 |
| 2077 | -944 | -946 |
| 2078 | -975 | -977 |
| 2079 | -1007 | -1009 |
| 2080 | -1039 | -1041 |
| 2081 | -1072 | -1074 |
| 2082 | -1106 | -1108 |
| 2083 | -1139 | -1141 |
| 2084 | -1173 | -1175 |
| 2085 | -1207 | -1209 |
| 2086 | -1242 | -1244 |
| 2087 | -1275 | -1277 |
| 2088 | -1309 | -1311 |
| 2089 | -1342 | -1344 |
| 2090 | -1375 | -1377 |
| 2091 | -1407 | -1409 |
| 2092 | -1439 | -1441 |
| 2093 | -1471 | -1473 |
| 2094 | -1503 | -1505 |
back