Proposed Provision: Beginning with those newly eligible for OASI benefits in 2021, multiply the PIA factors by the ratio of life expectancy at 67 for 2016 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 as computed by SSA's Office of the Chief Actuary, are used to determine the ratio. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired worker beneficiary status.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230230
2025214215
2026198199
2027181182
2028164165
2029145147
2030127128
2031107109
20328790
20336770
20344650
20352530
203649
2037-18-11
2038-40-32
2039-62-54
2040-85-75
2041-108-96
2042-130-117
2043-153-139
2044-176-160
2045-200-181
2046-223-203
2047-247-224
2048-271-246
2049-295-267
2050-319-289
2051-343-311
2052-368-332
2053-393-354
2054-418-376
2055-443-397
2056-468-419
2057-494-442
2058-521-464
2059-548-487
2060-575-510
2061-602-533
2062-630-556
2063-659-579
2064-687-603
2065-716-626
2066-746-650
2067-775-674
2068-805-698
2069-835-722
2070-866-747
2071-897-771
2072-928-796
2073-960-821
2074-992-847
2075-1025-873
2076-1058-899
2077-1092-925
2078-1126-952
2079-1161-979
2080-1196-1006
2081-1232-1034
2082-1268-1062
2083-1305-1091
2084-1342-1119
2085-1380-1148
2086-1419-1178
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