Proposed Provision: Starting in 2022, 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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204203
2023189188
2024173172
2025157156
2026142139
2027126123
2028110106
20299489
20307771
20316053
20324234
20332314
20344-6
2035-16-27
2036-36-48
2037-57-70
2038-78-93
2039-100-115
2040-122-139
2041-144-162
2042-166-186
2043-189-209
2044-211-233
2045-234-258
2046-257-282
2047-280-307
2048-303-332
2049-327-357
2050-351-382
2051-375-408
2052-398-433
2053-423-459
2054-447-485
2055-472-511
2056-496-538
2057-522-564
2058-548-592
2059-574-620
2060-601-649
2061-629-678
2062-657-707
2063-685-737
2064-714-768
2065-744-799
2066-774-831
2067-804-863
2068-835-895
2069-867-929
2070-899-962
2071-932-997
2072-965-1032
2073-1000-1069
2074-1035-1106
2075-1072-1145
2076-1110-1184
2077-1148-1225
2078-1188-1267
2079-1228-1309
2080-1268-1352
2081-1309-1395
2082-1350-1438
2083-1391-1481
2084-1432-1524
2085-1472-1567
2086-1514-1610
2087-1555-1654
2088-1597-1698
2089-1640-1743
2090-1683-1789
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