Proposed Provision: B7.12. Provide an option to split the 8-percent delayed retirement credit (DRC) to offer a lump sum benefit at initial entitlement equal to 2 percent of the 8 percent DRC earned, and a 6 percent DRC on subsequent monthly benefits, effective for workers newly entitled to retired worker benefits in 2020 and later. Widows are held harmless from the lump-sum decision.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2017 | 298 | 298 |
| 2018 | 287 | 287 |
| 2019 | 273 | 273 |
| 2020 | 259 | 258 |
| 2021 | 245 | 244 |
| 2022 | 230 | 229 |
| 2023 | 215 | 213 |
| 2024 | 199 | 197 |
| 2025 | 182 | 181 |
| 2026 | 165 | 163 |
| 2027 | 148 | 146 |
| 2028 | 130 | 128 |
| 2029 | 112 | 110 |
| 2030 | 94 | 92 |
| 2031 | 75 | 74 |
| 2032 | 56 | 55 |
| 2033 | 37 | 35 |
| 2034 | 16 | 15 |
| 2035 | -4 | -6 |
| 2036 | -26 | -27 |
| 2037 | -47 | -49 |
| 2038 | -70 | -71 |
| 2039 | -92 | -94 |
| 2040 | -115 | -117 |
| 2041 | -138 | -140 |
| 2042 | -161 | -163 |
| 2043 | -184 | -186 |
| 2044 | -207 | -209 |
| 2045 | -230 | -232 |
| 2046 | -253 | -255 |
| 2047 | -276 | -278 |
| 2048 | -300 | -301 |
| 2049 | -323 | -325 |
| 2050 | -346 | -348 |
| 2051 | -370 | -371 |
| 2052 | -393 | -395 |
| 2053 | -417 | -418 |
| 2054 | -440 | -441 |
| 2055 | -464 | -465 |
| 2056 | -487 | -489 |
| 2057 | -511 | -513 |
| 2058 | -536 | -537 |
| 2059 | -560 | -562 |
| 2060 | -585 | -587 |
| 2061 | -611 | -612 |
| 2062 | -637 | -638 |
| 2063 | -663 | -665 |
| 2064 | -690 | -691 |
| 2065 | -717 | -719 |
| 2066 | -745 | -746 |
| 2067 | -772 | -774 |
| 2068 | -801 | -802 |
| 2069 | -829 | -831 |
| 2070 | -858 | -860 |
| 2071 | -888 | -890 |
| 2072 | -918 | -920 |
| 2073 | -949 | -951 |
| 2074 | -981 | -983 |
| 2075 | -1014 | -1015 |
| 2076 | -1047 | -1049 |
| 2077 | -1082 | -1083 |
| 2078 | -1117 | -1119 |
| 2079 | -1153 | -1155 |
| 2080 | -1190 | -1192 |
| 2081 | -1227 | -1228 |
| 2082 | -1264 | -1265 |
| 2083 | -1300 | -1302 |
| 2084 | -1337 | -1339 |
| 2085 | -1374 | -1375 |
| 2086 | -1410 | -1412 |
| 2087 | -1446 | -1448 |
| 2088 | -1483 | -1485 |
| 2089 | -1520 | -1521 |
| 2090 | -1557 | -1558 |
| 2091 | -1595 | -1596 |
| 2092 | -1633 | -1634 |
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