Proposed Provision: Beginning with those newly eligible for OASI benefits in 2020, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions in 2057. Beginning with those newly eligible for OASI benefits in 2015, multiply the 15 factor by 0.982. Stop reduction of the 15 factor in 2052. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal. 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
2020240241
2021227227
2022212213
2023197198
2024181182
2025164166
2026147150
2027129133
2028110115
20299097
20307078
20314958
20322739
2033519
2034-18-2
2035-41-22
2036-65-42
2037-89-63
2038-114-84
2039-138-104
2040-163-125
2041-189-145
2042-215-165
2043-240-185
2044-266-204
2045-292-223
2046-319-242
2047-346-261
2048-373-279
2049-400-297
2050-428-315
2051-456-332
2052-484-348
2053-512-364
2054-540-379
2055-569-394
2056-598-408
2057-628-421
2058-657-435
2059-688-447
2060-719-459
2061-750-471
2062-782-481
2063-814-491
2064-847-500
2065-880-508
2066-913-516
2067-946-522
2068-980-528
2069-1014-534
2070-1049-538
2071-1084-543
2072-1120-547
2073-1156-550
2074-1193-553
2075-1230-556
2076-1268-559
2077-1307-561
2078-1346-562
2079-1385-564
2080-1425-565
2081-1465-566
2082-1505-567
2083-1547-568
2084-1588-568
2085-1631-569
2086-1673-570
2087-1717-571
back