Proposed Provision: B6.3. Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2022 or who reaches their 85th birthday after the beginning of 2022. Increase the beneficiary's PIA based on an amount equal to the average retired-worker PIA at the end of 2021, or at the end of the year age 80 if later. Increase the beneficiary's PIA by 5 percent of this amount for those older than 85 at the beginning of 2022 and by 5 percent of this amount at age 85 for others, phased in at 1 percent per year for ages 81-85.

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

Year Current Law Provision
2020261261
2021248248
2022233231
2023217215
2024200198
2025183180
2026165162
2027148144
2028130126
2029112108
20309489
20317671
20325852
20333933
20342014
20351-6
2036-19-26
2037-38-47
2038-59-68
2039-80-89
2040-101-111
2041-122-133
2042-144-155
2043-166-178
2044-188-201
2045-210-224
2046-232-247
2047-255-270
2048-277-293
2049-299-317
2050-322-340
2051-344-363
2052-367-387
2053-389-410
2054-412-433
2055-434-457
2056-457-481
2057-480-505
2058-504-529
2059-527-553
2060-551-578
2061-575-603
2062-599-628
2063-624-654
2064-650-680
2065-676-706
2066-702-733
2067-728-761
2068-755-788
2069-782-816
2070-809-844
2071-837-873
2072-866-902
2073-895-932
2074-925-963
2075-955-994
2076-986-1026
2077-1018-1058
2078-1051-1092
2079-1084-1127
2080-1119-1162
2081-1154-1198
2082-1190-1235
2083-1226-1272
2084-1263-1310
2085-1300-1348
2086-1337-1387
2087-1374-1425
2088-1411-1463
2089-1448-1501
2090-1484-1538
2091-1520-1575
2092-1554-1611
2093-1589-1646
2094-1623-1682
2095-1657-1716
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