Proposed Provision: Starting in 2013, 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
2012340340
2013329326
2014315312
2015302299
2016290286
2017277273
2018265261
2019253248
2020240235
2021227221
2022212206
2023197190
2024181174
2025164157
2026147139
2027129121
2028110101
20299081
20307060
20314938
20322716
20335-7
2034-18-30
2035-41-54
2036-65-79
2037-89-103
2038-114-129
2039-138-154
2040-163-180
2041-189-206
2042-215-233
2043-240-260
2044-266-287
2045-292-314
2046-319-341
2047-346-369
2048-373-397
2049-400-426
2050-428-455
2051-456-484
2052-484-513
2053-512-542
2054-540-572
2055-569-602
2056-598-632
2057-628-663
2058-657-694
2059-688-726
2060-719-758
2061-750-791
2062-782-824
2063-814-857
2064-847-891
2065-880-925
2066-913-959
2067-946-994
2068-980-1029
2069-1014-1064
2070-1049-1100
2071-1084-1137
2072-1120-1174
2073-1156-1211
2074-1193-1249
2075-1230-1288
2076-1268-1327
2077-1307-1367
2078-1346-1408
2079-1385-1449
2080-1425-1490
2081-1465-1532
2082-1505-1574
2083-1547-1617
2084-1588-1660
2085-1631-1704
2086-1673-1748
2087-1717-1794
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