Proposed Provision: Beginning with those newly eligible for OASI benefits in 2022, multiply the PIA factors by the ratio of life expectancy at 67 for 2017 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables as computed by SSA's Office of the Chief Actuary, are used to determine the ratio. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227227
2022212212
2023197197
2024181181
2025164164
2026147147
2027129129
2028110111
20299091
20307071
20314950
20322729
203357
2034-18-16
2035-41-39
2036-65-62
2037-89-85
2038-114-109
2039-138-133
2040-163-157
2041-189-182
2042-215-206
2043-240-231
2044-266-256
2045-292-281
2046-319-306
2047-346-331
2048-373-357
2049-400-383
2050-428-408
2051-456-434
2052-484-460
2053-512-486
2054-540-512
2055-569-539
2056-598-565
2057-628-592
2058-657-619
2059-688-647
2060-719-674
2061-750-702
2062-782-731
2063-814-759
2064-847-788
2065-880-817
2066-913-846
2067-946-875
2068-980-904
2069-1014-934
2070-1049-964
2071-1084-994
2072-1120-1025
2073-1156-1056
2074-1193-1088
2075-1230-1120
2076-1268-1152
2077-1307-1185
2078-1346-1218
2079-1385-1251
2080-1425-1285
2081-1465-1319
2082-1505-1353
2083-1547-1388
2084-1588-1423
2085-1631-1458
2086-1673-1494
2087-1717-1530
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