Proposed Provision: Starting in 2020, provide a uniform PIA increase 23 years after benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 14th through the 23rd years after eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 12th year after benefit eligibility. A similar additional PIA increase applies 42 years after benefit eligibility (phased in from the 33rd through the 42nd years after eligibility). Auxiliary beneficiaries receive benefit enhancement based on PIA of governing worker.

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

Year Present Law Provision
2013330330
2014315315
2015301301
2016286286
2017271271
2018257257
2019244244
2020231231
2021218217
2022204202
2023189187
2024173171
2025158154
2026142138
2027125120
2028108102
20299083
20307163
20315243
20323122
2033110
2034-11-22
2035-32-45
2036-55-69
2037-78-92
2038-101-117
2039-124-141
2040-148-166
2041-172-192
2042-196-217
2043-220-243
2044-245-269
2045-269-295
2046-294-321
2047-319-348
2048-345-375
2049-371-403
2050-397-430
2051-423-458
2052-449-486
2053-476-514
2054-502-542
2055-530-571
2056-557-600
2057-585-630
2058-613-660
2059-642-690
2060-671-721
2061-701-753
2062-732-785
2063-763-818
2064-794-851
2065-826-884
2066-859-919
2067-892-953
2068-925-988
2069-959-1024
2070-993-1060
2071-1028-1097
2072-1064-1135
2073-1101-1173
2074-1139-1213
2075-1178-1254
2076-1217-1295
2077-1258-1338
2078-1299-1381
2079-1340-1425
2080-1382-1469
2081-1424-1513
2082-1466-1557
2083-1508-1601
2084-1550-1645
2085-1592-1690
2086-1635-1735
2087-1678-1780
2088-1722-1826
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