Description of Proposed Provision:
B6.5: Starting in 2020, provide a 5 percent uniform PIA increase 20 years after benefit eligibility. Phase in the PIA increase at 1 percent per year from the 16th through 20th years after eligibility. The full PIA increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to the SSA average wage index.

Financial Estimates for the OASDI Trust Fund Program

  Proposal   Change from Current Law
  Expressed as a percentage of
current-law taxable payroll
Trust fund
ratio as of
January 1		 Expressed as a percentage of
current-law taxable payroll
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance
Cost
rate		 Income
rate		 Annual
balance
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7012.95-0.75
273
0.000.000.00
202014.0012.97-1.04
256
0.150.01-0.14
202114.1713.00-1.17
241
0.160.01-0.15
202214.4213.03-1.39
226
0.160.01-0.15
202314.7113.06-1.65
210
0.170.01-0.16
202415.0013.09-1.91
193
0.170.01-0.16
202515.2813.11-2.16
175
0.180.01-0.17
202615.5613.14-2.41
158
0.190.01-0.18
202715.8113.16-2.65
139
0.190.01-0.18
202816.0513.18-2.87
121
0.200.01-0.19
202916.2713.19-3.08
102
0.210.01-0.19
203016.4813.21-3.27
83
0.210.01-0.20
203116.6613.22-3.44
63
0.220.01-0.20
203216.8313.23-3.60
43
0.220.01-0.21
203316.9713.24-3.73
23
0.230.01-0.21
203417.0813.25-3.83
2
0.230.01-0.22
203517.1613.25-3.91
----
0.240.01-0.22
203617.2313.26-3.97
----
0.240.01-0.23
203717.2713.26-4.01
----
0.250.01-0.24
203817.2813.26-4.01
----
0.250.01-0.24
203917.2613.26-4.00
----
0.260.01-0.25
204017.2313.26-3.96
----
0.260.01-0.25
204117.1813.26-3.92
----
0.270.01-0.25
204217.1313.26-3.88
----
0.270.01-0.26
204317.0813.26-3.83
----
0.280.01-0.26
204417.0413.25-3.78
----
0.280.02-0.26
204517.0013.25-3.75
----
0.280.02-0.26
204616.9613.25-3.71
----
0.280.02-0.26
204716.9313.25-3.68
----
0.280.02-0.26
204816.9013.25-3.65
----
0.280.02-0.26
204916.8713.25-3.62
----
0.280.02-0.27
205016.8513.25-3.60
----
0.280.02-0.27
205116.8413.25-3.59
----
0.280.02-0.26
205216.8413.25-3.59
----
0.280.02-0.26
205316.8513.25-3.60
----
0.280.02-0.26
205416.8613.25-3.61
----
0.280.01-0.26
205516.8913.25-3.64
----
0.270.01-0.26
205616.9313.25-3.67
----
0.270.01-0.26
205716.9713.26-3.71
----
0.270.01-0.26
205817.0113.26-3.75
----
0.270.01-0.26
205917.0613.26-3.79
----
0.270.01-0.26
206017.1013.27-3.84
----
0.280.01-0.26
206117.1513.27-3.88
----
0.280.02-0.26
206217.2013.27-3.93
----
0.280.02-0.26
206317.2513.28-3.97
----
0.280.02-0.27
206417.3013.28-4.02
----
0.280.02-0.27
206517.3513.28-4.07
----
0.290.02-0.27
206617.4113.29-4.12
----
0.290.02-0.27
206717.4613.29-4.17
----
0.290.02-0.27
206817.5213.29-4.22
----
0.290.02-0.28
206917.5713.30-4.27
----
0.300.02-0.28
207017.6313.30-4.33
----
0.300.02-0.28
207117.6813.30-4.37
----
0.300.02-0.29
207217.7213.31-4.41
----
0.310.02-0.29
207317.7613.31-4.45
----
0.310.02-0.29
207417.7913.31-4.48
----
0.310.02-0.29
207517.8213.31-4.50
----
0.310.02-0.30
207617.8313.32-4.52
----
0.320.02-0.30
207717.8413.32-4.53
----
0.320.02-0.30
207817.8413.32-4.53
----
0.320.02-0.30
207917.8413.32-4.52
----
0.320.02-0.30
208017.8313.32-4.52
----
0.320.02-0.30
208117.8313.32-4.51
----
0.320.02-0.30
208217.8313.31-4.51
----
0.320.02-0.31
208317.8413.32-4.52
----
0.320.02-0.31
208417.8513.32-4.54
----
0.330.02-0.31
208517.8813.32-4.56
----
0.330.02-0.31
208617.9113.32-4.59
----
0.330.02-0.31
208717.9513.32-4.62
----
0.330.02-0.31
208817.9913.32-4.66
----
0.330.02-0.31
208918.0313.33-4.71
----
0.330.02-0.31
209018.0813.33-4.75
----
0.330.02-0.31
209118.1313.33-4.79
----
0.330.02-0.31
209218.1713.34-4.84
----
0.330.02-0.31


Summarized Estimates

  Proposal   Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of reserve
depletion1
Cost
rate		 Income
rate		 Actuarial
balance
2017-2091 16.92% 13.85% -3.07%
2034
0.25% 0.01% -0.24%

1 Under current law, the year of Trust Fund reserve depletion is 2034.
Based on Intermediate Assumptions of the 2017 Trustees Report.