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 2025 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
2022230230
2023211211
2024194194
2025177176
2026160159
2027143141
2028126124
2029109107
20309190
20317472
20325755
20333937
20342119
203531
2036-16-18
2037-35-37
2038-54-57
2039-74-77
2040-95-97
2041-116-118
2042-137-139
2043-158-161
2044-180-182
2045-202-204
2046-224-226
2047-246-248
2048-268-271
2049-291-293
2050-313-316
2051-336-339
2052-359-362
2053-383-385
2054-406-409
2055-430-432
2056-453-456
2057-477-479
2058-501-503
2059-525-528
2060-550-552
2061-575-578
2062-601-603
2063-627-630
2064-654-656
2065-681-683
2066-708-711
2067-736-739
2068-764-767
2069-792-795
2070-821-824
2071-850-853
2072-880-883
2073-910-913
2074-940-943
2075-971-974
2076-1003-1006
2077-1036-1038
2078-1069-1072
2079-1104-1107
2080-1139-1142
2081-1175-1178
2082-1212-1215
2083-1249-1252
2084-1286-1289
2085-1324-1327
2086-1363-1366
2087-1402-1405
2088-1442-1445
2089-1481-1484
2090-1520-1523
2091-1558-1561
2092-1595-1598
2093-1632-1635
2094-1668-1671
2095-1703-1706
2096-1738-1741
2097-1773-1775
back