Proposed Provision: Establish an alternative benefit for a surviving spouse. For the surviving spouse, the alternative benefit would equal 75 percent of the sum of the survivor's own worker benefit and the deceased worker's PIA (including any actuarial reductions or delayed retirement credits). If the deceased worker died before becoming entitled, use the age 62 actuarial reduction if deceased before age 62, or the applicable actuarial reduction/DRC for entitlement at the age of death if deceased after 62. The alternative benefit would not exceed the PIA of a hypothetical earner who earns the SSA average wage index (AWI) every year, and who becomes eligible for retired-worker benefits in the same year in which the deceased worker became entitled to worker benefits or died (if before entitlement). The alternative benefit would be paid only if more than the current-law benefit. This benefit would be available to surviving spouses on the rolls at the beginning of 2015 and those becoming eligible after 2015.

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

Year Present Law Provision
2013330330
2014315315
2015301298
2016286283
2017271267
2018257253
2019244240
2020231226
2021218212
2022204197
2023189182
2024173166
2025158150
2026142133
2027125116
202810898
20299080
20307160
20315240
20323120
203311-2
2034-11-24
2035-32-46
2036-55-69
2037-78-93
2038-101-116
2039-124-141
2040-148-165
2041-172-190
2042-196-215
2043-220-240
2044-245-265
2045-269-291
2046-294-316
2047-319-342
2048-345-369
2049-371-395
2050-397-422
2051-423-449
2052-449-476
2053-476-504
2054-502-531
2055-530-559
2056-557-588
2057-585-616
2058-613-645
2059-642-675
2060-671-705
2061-701-736
2062-732-768
2063-763-800
2064-794-832
2065-826-865
2066-859-898
2067-892-932
2068-925-966
2069-959-1001
2070-993-1036
2071-1028-1072
2072-1064-1109
2073-1101-1147
2074-1139-1186
2075-1178-1226
2076-1217-1266
2077-1258-1308
2078-1299-1350
2079-1340-1393
2080-1382-1436
2081-1424-1479
2082-1466-1522
2083-1508-1565
2084-1550-1608
2085-1592-1651
2086-1635-1695
2087-1678-1739
2088-1722-1784
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