Proposed Provision: For OASI beneficiaries becoming eligible for benefits in 2019 and later, multiply the PIA factors by the ratio of life expectancy at 67 for 2014 to the life expectancy at age 67 for the 4th year prior to the year of benefit eligibility. Unisex life expectancies, based on period life tables, would be used as projected by SSA's Office of the Chief Actuary. Disability benefits are not affected by the proposal. Disabled worker beneficiaries, upon attaining normal retirement age, would be subject to a proportional reduction in benefits based on the worker's years of disability.

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

Year Present Law Provision
2009354354
2010360360
2011366366
2012369369
2013367367
2014364364
2015359359
2016354354
2017347347
2018338338
2019327327
2020315315
2021302302
2022289289
2023275275
2024260260
2025244244
2026227228
2027209211
2028191193
2029173175
2030153156
2031133137
2032113118
20339298
20347178
20355058
20362937
2037717
2038-16-4
2039-38-25
2040-61-46
2041-83-67
2042-106-88
2043-129-109
2044-152-129
2045-175-150
2046-199-171
2047-222-192
2048-246-212
2049-270-233
2050-294-254
2051-318-275
2052-342-295
2053-366-316
2054-391-337
2055-415-357
2056-440-378
2057-466-399
2058-491-420
2059-517-441
2060-544-462
2061-570-484
2062-598-505
2063-625-527
2064-653-549
2065-681-572
2066-710-594
2067-739-617
2068-768-639
2069-798-663
2070-828-686
2071-859-710
2072-890-733
2073-922-758
2074-954-782
2075-987-807
2076-1020-832
2077-1054-858
2078-1089-884
2079-1124-911
2080-1159-937
2081-1195-965
2082-1232-992
2083-1270-1020
2084-1308-1049
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