Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2016, multiply all PIA formula factors each year by 0.991. Stop reductions after 2044. 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. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290290
2017277278
2018265266
2019253254
2020240241
2021227228
2022212214
2023197200
2024181185
2025164169
2026147153
2027129137
2028110120
202990102
20307084
20314965
20322746
2033526
2034-187
2035-41-13
2036-65-33
2037-89-53
2038-114-73
2039-138-93
2040-163-113
2041-189-133
2042-215-153
2043-240-172
2044-266-191
2045-292-210
2046-319-229
2047-346-248
2048-373-266
2049-400-284
2050-428-302
2051-456-319
2052-484-336
2053-512-352
2054-540-369
2055-569-385
2056-598-400
2057-628-416
2058-657-431
2059-688-446
2060-719-462
2061-750-477
2062-782-492
2063-814-506
2064-847-521
2065-880-536
2066-913-550
2067-946-565
2068-980-579
2069-1014-593
2070-1049-608
2071-1084-623
2072-1120-638
2073-1156-653
2074-1193-668
2075-1230-684
2076-1268-699
2077-1307-716
2078-1346-732
2079-1385-748
2080-1425-765
2081-1465-782
2082-1505-799
2083-1547-817
2084-1588-835
2085-1631-853
2086-1673-872
2087-1717-891
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