Proposed Provision: Provide an increase in the benefit level of any beneficiary who is 85 or older at the beginning of 2012 or who reaches their 85th birthday after the beginning of 2012. The beneficiary’s PIA would be increased based on an amount equal to the average retired worker PIA at the end of 2011, or at the end of the year age 80 if later. The beneficiary’s PIA would be increased by 5 percent of this amount for those older than 85 at the beginning of 2012 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 Present Law Provision
2010355355
2011353353
2012350349
2013346343
2014341337
2015335332
2016330326
2017324319
2018317312
2019309303
2020299293
2021289282
2022277270
2023264257
2024251243
2025237228
2026221213
2027205196
2028189179
2029171161
2030154143
2031136124
2032117105
20339886
20347966
20355945
20363925
2037194
2038-1-17
2039-21-38
2040-42-60
2041-63-82
2042-84-103
2043-105-125
2044-126-147
2045-147-169
2046-168-192
2047-189-214
2048-211-237
2049-233-260
2050-255-283
2051-277-306
2052-299-329
2053-321-353
2054-344-376
2055-366-400
2056-389-424
2057-412-449
2058-436-474
2059-460-499
2060-485-525
2061-509-550
2062-534-577
2063-560-603
2064-586-630
2065-612-658
2066-638-685
2067-665-713
2068-692-742
2069-720-771
2070-748-800
2071-776-829
2072-805-859
2073-834-890
2074-864-921
2075-894-952
2076-925-985
2077-957-1017
2078-989-1051
2079-1021-1084
2080-1054-1119
2081-1087-1154
2082-1121-1189
2083-1156-1225
2084-1191-1262
2085-1227-1299
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