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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 212 |
| 2024 | 200 | 194 |
| 2025 | 183 | 176 |
| 2026 | 165 | 157 |
| 2027 | 148 | 139 |
| 2028 | 130 | 121 |
| 2029 | 112 | 102 |
| 2030 | 94 | 83 |
| 2031 | 76 | 65 |
| 2032 | 58 | 46 |
| 2033 | 39 | 27 |
| 2034 | 20 | 8 |
| 2035 | 1 | -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 |
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