Proposed Provision: B3.2. Beginning with those newly eligible for OASI benefits in 2025, multiply the 90 and 32 percent PIA factors each year by 0.9925 and 0.982, respectively. Stop reductions after 2062. Beginning with those newly eligible for OASI benefits in 2020, multiply the 15 factor by 0.982. Stop reduction of the 15 factor after 2057. 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. Child beneficiaries and spouses with a child in care under the OASI program are not affected by this proposal.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112113
20309495
20317577
20325658
20333739
20341620
2035-40
2036-26-20
2037-47-41
2038-70-62
2039-92-82
2040-115-103
2041-138-124
2042-161-144
2043-184-164
2044-207-184
2045-230-204
2046-253-223
2047-276-242
2048-300-260
2049-323-279
2050-346-296
2051-370-313
2052-393-330
2053-417-346
2054-440-362
2055-464-376
2056-487-391
2057-511-405
2058-536-419
2059-560-432
2060-585-444
2061-611-457
2062-637-468
2063-663-480
2064-690-491
2065-717-501
2066-745-511
2067-772-520
2068-801-528
2069-829-536
2070-858-544
2071-888-550
2072-918-557
2073-949-563
2074-981-569
2075-1014-574
2076-1047-579
2077-1082-583
2078-1117-588
2079-1153-591
2080-1190-595
2081-1227-597
2082-1264-599
2083-1300-601
2084-1337-601
2085-1374-602
2086-1410-601
2087-1446-601
2088-1483-600
2089-1520-599
2090-1557-599
2091-1595-598
2092-1633-597
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