Proposed Provision: Multiply all PIA formula factors successively by 0.991 for new benefit eligibility in each year 2013 through 2041. Disabled workers and young survivors (surviving spouses with a child-in-care and survivor children) would not be affected by this provision. Upon conversion from disabled worker to retired worker benefits, benefit levels would be proportionally reduced based on the fraction of years the individual was not disabled between ages 22 and 62.

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

Year Present Law Provision
2009354354
2010360360
2011366366
2012369369
2013367367
2014364364
2015359360
2016354355
2017347348
2018338340
2019327330
2020315319
2021302308
2022289296
2023275284
2024260271
2025244257
2026227244
2027209229
2028191214
2029173199
2030153184
2031133168
2032113153
203392137
203471121
203550106
20362991
2037775
2038-1660
2039-3846
2040-6132
2041-8318
2042-1065
2043-129-8
2044-152-21
2045-175-32
2046-199-44
2047-222-55
2048-246-65
2049-270-75
2050-294-84
2051-318-94
2052-342-102
2053-366-110
2054-391-118
2055-415-126
2056-440-134
2057-466-141
2058-491-148
2059-517-156
2060-544-163
2061-570-170
2062-598-177
2063-625-184
2064-653-191
2065-681-199
2066-710-206
2067-739-213
2068-768-221
2069-798-229
2070-828-237
2071-859-245
2072-890-254
2073-922-262
2074-954-271
2075-987-281
2076-1020-290
2077-1054-300
2078-1089-311
2079-1124-321
2080-1159-332
2081-1195-344
2082-1232-355
2083-1270-367
2084-1308-380
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