Proposed Provision: B6.3. Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2024 or who reaches their 85th birthday after the beginning of 2024. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2023, or at the end of the year age 80 if later. Increase the beneficiary's PIA by 5 percent of this amount for those older than 85 at the beginning of 2024 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

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

Year Current Law Provision
2022230230
2023211211
2024194193
2025177176
2026160158
2027143140
2028126123
2029109105
20309188
20317470
20325752
20333934
20342116
20353-3
2036-16-22
2037-35-42
2038-54-62
2039-74-83
2040-95-104
2041-116-126
2042-137-148
2043-158-170
2044-180-192
2045-202-215
2046-224-238
2047-246-261
2048-268-284
2049-291-307
2050-313-331
2051-336-354
2052-359-378
2053-383-402
2054-406-427
2055-430-451
2056-453-475
2057-477-500
2058-501-525
2059-525-550
2060-550-575
2061-575-601
2062-601-628
2063-627-655
2064-654-682
2065-681-710
2066-708-738
2067-736-766
2068-764-795
2069-792-824
2070-821-854
2071-850-884
2072-880-914
2073-910-945
2074-940-976
2075-971-1008
2076-1003-1041
2077-1036-1074
2078-1069-1109
2079-1104-1144
2080-1139-1180
2081-1175-1217
2082-1212-1255
2083-1249-1293
2084-1286-1332
2085-1324-1371
2086-1363-1411
2087-1402-1451
2088-1442-1492
2089-1481-1532
2090-1520-1572
2091-1558-1611
2092-1595-1650
2093-1632-1688
2094-1668-1725
2095-1703-1762
2096-1738-1798
2097-1773-1834
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