Proposed Provision: B6.4. Starting in 2021, provide a 5 percent uniform benefit increase 24 years after initial benefit eligibility. Phase in the benefit increase at 1 percent per year from the 20th through 24th years after eligibility. For disabled workers, the eligibility age is the initial entitlement year to the benefit. The benefit increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA's average wage index. 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
2020261261
2021248246
2022233230
2023217214
2024200197
2025183179
2026165161
2027148143
2028130125
2029112106
20309488
20317669
20325850
20333931
20342012
20351-8
2036-19-29
2037-38-49
2038-59-70
2039-80-92
2040-101-114
2041-122-136
2042-144-158
2043-166-181
2044-188-204
2045-210-227
2046-232-251
2047-255-274
2048-277-297
2049-299-320
2050-322-344
2051-344-367
2052-367-391
2053-389-414
2054-412-438
2055-434-461
2056-457-485
2057-480-509
2058-504-534
2059-527-558
2060-551-583
2061-575-608
2062-599-633
2063-624-659
2064-650-685
2065-676-712
2066-702-739
2067-728-766
2068-755-794
2069-782-822
2070-809-850
2071-837-879
2072-866-909
2073-895-939
2074-925-970
2075-955-1001
2076-986-1033
2077-1018-1066
2078-1051-1099
2079-1084-1134
2080-1119-1170
2081-1154-1206
2082-1190-1243
2083-1226-1281
2084-1263-1319
2085-1300-1357
2086-1337-1396
2087-1374-1434
2088-1411-1473
2089-1448-1511
2090-1484-1548
2091-1520-1585
2092-1554-1621
2093-1589-1657
2094-1623-1692
2095-1657-1727
back