Proposed Provision: Starting in 2016, provide a 5 percent uniform benefit increase 24 years after initial benefit eligibility. Phase in the benefit increase at 1 percent per year from the 20th through 24th years after eligibility. For disabled workers, the eligibility age is the initial entitlement year to the benefit. The benefit increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA's average wage index.

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

Year Present Law Provision
2015308308
2016298296
2017280278
2018264261
2019248245
2020233230
2021219215
2022204199
2023189184
2024173168
2025157152
2026142136
2027126119
2028110103
20299486
20307769
20316051
20324232
20332313
20344-7
2035-16-28
2036-36-49
2037-57-70
2038-78-92
2039-100-115
2040-122-137
2041-144-160
2042-166-183
2043-189-207
2044-211-230
2045-234-254
2046-257-278
2047-280-302
2048-303-327
2049-327-351
2050-351-376
2051-375-401
2052-398-426
2053-423-451
2054-447-477
2055-472-503
2056-496-529
2057-522-555
2058-548-582
2059-574-610
2060-601-638
2061-629-667
2062-657-696
2063-685-725
2064-714-756
2065-744-786
2066-774-817
2067-804-849
2068-835-881
2069-867-914
2070-899-947
2071-932-981
2072-965-1016
2073-1000-1052
2074-1035-1088
2075-1072-1126
2076-1110-1165
2077-1148-1205
2078-1188-1246
2079-1228-1288
2080-1268-1330
2081-1309-1372
2082-1350-1415
2083-1391-1457
2084-1432-1499
2085-1472-1542
2086-1514-1585
2087-1555-1628
2088-1597-1671
2089-1640-1715
2090-1683-1760
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