Proposed Provision: Starting in 2017, 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.

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

Year Present Law Provision
2016303303
2017293291
2018277275
2019262259
2020246243
2021231228
2022216212
2023200195
2024183178
2025165160
2026149143
2027132126
2028115108
20299891
20308173
20316455
20324637
20332718
20348-2
2035-11-22
2036-30-42
2037-50-63
2038-71-84
2039-91-105
2040-112-127
2041-133-149
2042-154-171
2043-176-193
2044-197-215
2045-218-237
2046-240-260
2047-262-282
2048-283-305
2049-305-328
2050-327-351
2051-349-374
2052-371-397
2053-393-420
2054-415-443
2055-437-466
2056-460-490
2057-482-514
2058-506-538
2059-529-563
2060-553-588
2061-578-613
2062-603-639
2063-628-665
2064-654-692
2065-680-719
2066-706-747
2067-733-775
2068-760-803
2069-788-832
2070-816-861
2071-845-891
2072-874-921
2073-905-952
2074-935-984
2075-967-1017
2076-1000-1051
2077-1033-1086
2078-1068-1122
2079-1102-1158
2080-1138-1194
2081-1173-1231
2082-1208-1268
2083-1243-1304
2084-1279-1341
2085-1314-1377
2086-1349-1414
2087-1384-1450
2088-1419-1487
2089-1455-1524
2090-1491-1562
2091-1528-1600
back