Proposed Provision: Beginning with those newly eligible for OASI benefits in 2024, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2061. Beginning with those newly eligible for OASI benefits in 2019, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2056. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165166
2026149149
2027132132
2028115116
20299899
20308182
20316466
20324648
20332731
2034813
2035-11-5
2036-30-23
2037-50-41
2038-71-59
2039-91-78
2040-112-96
2041-133-114
2042-154-132
2043-176-150
2044-197-167
2045-218-184
2046-240-201
2047-262-217
2048-283-233
2049-305-249
2050-327-264
2051-349-278
2052-371-292
2053-393-305
2054-415-318
2055-437-330
2056-460-342
2057-482-353
2058-506-363
2059-529-374
2060-553-384
2061-578-393
2062-603-402
2063-628-410
2064-654-418
2065-680-425
2066-706-432
2067-733-438
2068-760-443
2069-788-448
2070-816-453
2071-845-456
2072-874-460
2073-905-463
2074-935-466
2075-967-468
2076-1000-470
2077-1033-472
2078-1068-473
2079-1102-474
2080-1138-474
2081-1173-474
2082-1208-473
2083-1243-472
2084-1279-470
2085-1314-467
2086-1349-465
2087-1384-462
2088-1419-459
2089-1455-457
2090-1491-454
2091-1528-451
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