Proposed Provision: Starting in 2012, provide a 5 percent uniform benefit increase 24 years after initial benefit eligibility. Phase in the benefit increase at 1 percent per year from the 20th through 24th years after eligibility. For disabled workers, the eligibility age is the initial entitlement year to the benefit. The benefit increase is equal to 5 percent of the PIA of a worker assumed to have career-average earnings equal to SSA’s average wage index.

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

Year Present Law Provision
2011353353
2012347344
2013341338
2014334330
2015328323
2016321316
2017314309
2018306300
2019296290
2020284278
2021272265
2022259252
2023245237
2024230222
2025214206
2026198190
2027181172
2028164154
2029145135
2030127116
203110796
20328775
20336754
20344633
20352511
20364-11
2037-18-34
2038-40-56
2039-62-79
2040-85-103
2041-108-126
2042-130-150
2043-153-174
2044-176-198
2045-200-222
2046-223-247
2047-247-271
2048-271-296
2049-295-322
2050-319-347
2051-343-373
2052-368-398
2053-393-424
2054-418-451
2055-443-477
2056-468-504
2057-494-531
2058-521-559
2059-548-587
2060-575-615
2061-602-644
2062-630-673
2063-659-703
2064-687-733
2065-716-763
2066-746-793
2067-775-824
2068-805-855
2069-835-887
2070-866-918
2071-897-951
2072-928-984
2073-960-1017
2074-992-1050
2075-1025-1084
2076-1058-1119
2077-1092-1154
2078-1126-1190
2079-1161-1226
2080-1196-1263
2081-1232-1300
2082-1268-1338
2083-1305-1376
2084-1342-1415
2085-1380-1455
2086-1419-1495
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