Proposed Provision: Multiply all PIA formula factors successively by 0.991 for new benefit eligibility in each year 2012 through 2040. Disabled workers and young survivors (surviving spouses with a child-in-care and survivor children) would not be affected by this provision. Upon conversion from disabled worker to retired worker benefits, benefit levels would be proportionally reduced based on the fraction of years the individual was not disabled between ages 22 and 62.

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

Year Present Law Provision
2008359359
2009369369
2010378378
2011386386
2012392392
2013394394
2014395395
2015393394
2016390391
2017385387
2018378382
2019371376
2020361369
2021351361
2022341352
2023329343
2024316333
2025302323
2026287312
2027272301
2028256289
2029239277
2030221264
2031203252
2032185239
2033166227
2034147215
2035127203
2036108191
203788180
203867169
203947158
204026148
20416138
2042-15129
2043-36121
2044-57113
2045-78105
2046-10098
2047-12191
2048-14385
2049-16580
2050-18774
2051-20969
2052-23264
2053-25460
2054-27755
2055-30051
2056-32447
2057-34742
2058-37238
2059-39634
2060-42130
2061-44726
2062-47222
2063-49817
2064-52513
2065-5529
2066-5794
2067-6070
2068-635-5
2069-664-10
2070-693-16
2071-722-21
2072-752-27
2073-782-32
2074-813-39
2075-845-45
2076-876-52
2077-909-59
2078-942-66
2079-975-73
2080-1009-81
2081-1044-89
2082-1079-98
2083-1114-106
2084-1151-115
2085-1188-125
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