Proposed Provision: B6.6. Starting in 2028, provide a uniform PIA increase in the 24th year of benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 15th through the 24th years of eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 14th year of benefit eligibility. A similar additional PIA increase applies in the 43rd year of benefit eligibility (age 104), phased in from the 34rd through the 43nd years of eligibility. For those past the 15th year of eligibility in 2028 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2028. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104103
20308584
20316664
20324644
20332724
203474
2035-13-17
2036-33-38
2037-54-60
2038-76-83
2039-97-105
2040-119-129
2041-142-152
2042-165-176
2043-188-200
2044-211-225
2045-235-249
2046-258-274
2047-282-299
2048-306-324
2049-330-350
2050-354-375
2051-378-401
2052-403-427
2053-427-453
2054-452-479
2055-477-505
2056-502-531
2057-527-557
2058-552-584
2059-578-611
2060-604-638
2061-630-665
2062-657-693
2063-684-722
2064-712-750
2065-740-780
2066-768-809
2067-796-839
2068-825-869
2069-855-900
2070-884-930
2071-914-962
2072-945-993
2073-976-1025
2074-1007-1058
2075-1039-1091
2076-1071-1125
2077-1105-1160
2078-1139-1196
2079-1175-1233
2080-1211-1271
2081-1248-1309
2082-1286-1348
2083-1324-1388
2084-1363-1429
2085-1403-1470
2086-1443-1512
2087-1483-1554
2088-1524-1597
2089-1564-1639
2090-1604-1681
2091-1643-1721
2092-1681-1761
2093-1718-1800
2094-1754-1838
2095-1789-1875
2096-1825-1913
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