Proposed Provision: B7.11. Beginning in January 2023, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217212
2024200194
2025183176
2026165157
2027148139
2028130121
2029112102
20309483
20317665
20325846
20333927
2034208
20351-12
2036-19-32
2037-38-52
2038-59-73
2039-80-94
2040-101-115
2041-122-137
2042-144-159
2043-166-181
2044-188-203
2045-210-225
2046-232-248
2047-255-270
2048-277-292
2049-299-315
2050-322-337
2051-344-359
2052-367-382
2053-389-404
2054-412-426
2055-434-449
2056-457-472
2057-480-495
2058-504-518
2059-527-541
2060-551-565
2061-575-588
2062-599-613
2063-624-637
2064-650-662
2065-676-688
2066-702-714
2067-728-740
2068-755-766
2069-782-793
2070-809-820
2071-837-847
2072-866-876
2073-895-905
2074-925-934
2075-955-964
2076-986-995
2077-1018-1027
2078-1051-1059
2079-1084-1092
2080-1119-1127
2081-1154-1161
2082-1190-1197
2083-1226-1233
2084-1263-1269
2085-1300-1305
2086-1337-1342
2087-1374-1378
2088-1411-1414
2089-1448-1450
2090-1484-1486
2091-1520-1520
2092-1554-1555
2093-1589-1588
2094-1623-1622
2095-1657-1655
back