Proposed Provision: B7.11. Beginning in January 2022, eliminate the retirement earnings test for all beneficiaries under normal retirement age, including retired workers, aged spouses, aged widow(er)s, young spouses with a child in care, young surviving spouses with a child in care, and children.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 225 |
| 2023 | 213 | 208 |
| 2024 | 197 | 190 |
| 2025 | 180 | 172 |
| 2026 | 163 | 155 |
| 2027 | 147 | 137 |
| 2028 | 130 | 120 |
| 2029 | 114 | 103 |
| 2030 | 97 | 86 |
| 2031 | 80 | 68 |
| 2032 | 63 | 51 |
| 2033 | 46 | 33 |
| 2034 | 28 | 15 |
| 2035 | 10 | -4 |
| 2036 | -9 | -23 |
| 2037 | -28 | -42 |
| 2038 | -47 | -62 |
| 2039 | -67 | -82 |
| 2040 | -87 | -103 |
| 2041 | -108 | -123 |
| 2042 | -129 | -144 |
| 2043 | -150 | -165 |
| 2044 | -171 | -186 |
| 2045 | -192 | -207 |
| 2046 | -213 | -228 |
| 2047 | -234 | -249 |
| 2048 | -255 | -270 |
| 2049 | -276 | -291 |
| 2050 | -297 | -312 |
| 2051 | -318 | -333 |
| 2052 | -338 | -353 |
| 2053 | -359 | -374 |
| 2054 | -380 | -395 |
| 2055 | -401 | -416 |
| 2056 | -422 | -436 |
| 2057 | -444 | -458 |
| 2058 | -465 | -479 |
| 2059 | -487 | -500 |
| 2060 | -509 | -522 |
| 2061 | -531 | -544 |
| 2062 | -554 | -567 |
| 2063 | -577 | -589 |
| 2064 | -601 | -613 |
| 2065 | -625 | -636 |
| 2066 | -649 | -660 |
| 2067 | -674 | -684 |
| 2068 | -699 | -709 |
| 2069 | -724 | -734 |
| 2070 | -749 | -759 |
| 2071 | -776 | -784 |
| 2072 | -802 | -811 |
| 2073 | -830 | -838 |
| 2074 | -857 | -865 |
| 2075 | -885 | -893 |
| 2076 | -914 | -922 |
| 2077 | -944 | -952 |
| 2078 | -975 | -982 |
| 2079 | -1007 | -1014 |
| 2080 | -1039 | -1046 |
| 2081 | -1072 | -1078 |
| 2082 | -1106 | -1111 |
| 2083 | -1139 | -1144 |
| 2084 | -1173 | -1178 |
| 2085 | -1207 | -1211 |
| 2086 | -1242 | -1244 |
| 2087 | -1275 | -1277 |
| 2088 | -1309 | -1310 |
| 2089 | -1342 | -1342 |
| 2090 | -1375 | -1374 |
| 2091 | -1407 | -1406 |
| 2092 | -1439 | -1438 |
| 2093 | -1471 | -1469 |
| 2094 | -1503 | -1501 |
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