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 |
| 2022 | 230 | 230 |
| 2023 | 211 | 211 |
| 2024 | 194 | 194 |
| 2025 | 177 | 176 |
| 2026 | 160 | 159 |
| 2027 | 143 | 141 |
| 2028 | 126 | 124 |
| 2029 | 109 | 107 |
| 2030 | 91 | 90 |
| 2031 | 74 | 72 |
| 2032 | 57 | 55 |
| 2033 | 39 | 37 |
| 2034 | 21 | 19 |
| 2035 | 3 | 1 |
| 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 |
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