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 2024 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 |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 195 |
| 2025 | 178 | 177 |
| 2026 | 159 | 158 |
| 2027 | 141 | 139 |
| 2028 | 122 | 121 |
| 2029 | 104 | 102 |
| 2030 | 85 | 83 |
| 2031 | 66 | 64 |
| 2032 | 46 | 44 |
| 2033 | 27 | 25 |
| 2034 | 7 | 5 |
| 2035 | -13 | -15 |
| 2036 | -33 | -36 |
| 2037 | -54 | -57 |
| 2038 | -76 | -78 |
| 2039 | -97 | -100 |
| 2040 | -119 | -122 |
| 2041 | -142 | -144 |
| 2042 | -165 | -167 |
| 2043 | -188 | -190 |
| 2044 | -211 | -214 |
| 2045 | -235 | -237 |
| 2046 | -258 | -261 |
| 2047 | -282 | -285 |
| 2048 | -306 | -308 |
| 2049 | -330 | -332 |
| 2050 | -354 | -357 |
| 2051 | -378 | -381 |
| 2052 | -403 | -405 |
| 2053 | -427 | -430 |
| 2054 | -452 | -455 |
| 2055 | -477 | -480 |
| 2056 | -502 | -505 |
| 2057 | -527 | -530 |
| 2058 | -552 | -555 |
| 2059 | -578 | -580 |
| 2060 | -604 | -606 |
| 2061 | -630 | -633 |
| 2062 | -657 | -660 |
| 2063 | -684 | -687 |
| 2064 | -712 | -714 |
| 2065 | -740 | -742 |
| 2066 | -768 | -771 |
| 2067 | -796 | -799 |
| 2068 | -825 | -828 |
| 2069 | -855 | -858 |
| 2070 | -884 | -887 |
| 2071 | -914 | -917 |
| 2072 | -945 | -948 |
| 2073 | -976 | -978 |
| 2074 | -1007 | -1010 |
| 2075 | -1039 | -1041 |
| 2076 | -1071 | -1074 |
| 2077 | -1105 | -1108 |
| 2078 | -1139 | -1142 |
| 2079 | -1175 | -1178 |
| 2080 | -1211 | -1214 |
| 2081 | -1248 | -1251 |
| 2082 | -1286 | -1289 |
| 2083 | -1324 | -1327 |
| 2084 | -1363 | -1366 |
| 2085 | -1403 | -1406 |
| 2086 | -1443 | -1446 |
| 2087 | -1483 | -1486 |
| 2088 | -1524 | -1527 |
| 2089 | -1564 | -1568 |
| 2090 | -1604 | -1608 |
| 2091 | -1643 | -1647 |
| 2092 | -1681 | -1684 |
| 2093 | -1718 | -1721 |
| 2094 | -1754 | -1757 |
| 2095 | -1789 | -1792 |
| 2096 | -1825 | -1828 |
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