Proposed Provision: Starting in 2015, 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
2014320320
2015306304
2016292290
2017277274
2018262259
2019248244
2020233229
2021219214
2022203198
2023187182
2024171165
2025154148
2026137130
2027119112
202810194
20298374
20306455
20314434
20322313
20332-9
2034-20-31
2035-42-54
2036-65-78
2037-88-102
2038-112-126
2039-136-151
2040-160-176
2041-185-202
2042-210-227
2043-235-253
2044-260-279
2045-285-305
2046-310-332
2047-336-359
2048-362-386
2049-388-413
2050-415-441
2051-442-469
2052-468-497
2053-495-525
2054-523-553
2055-550-582
2056-578-611
2057-606-640
2058-635-670
2059-664-701
2060-694-732
2061-725-763
2062-756-796
2063-787-828
2064-819-861
2065-852-895
2066-885-929
2067-918-964
2068-952-999
2069-987-1034
2070-1022-1071
2071-1057-1108
2072-1094-1146
2073-1132-1185
2074-1171-1225
2075-1210-1266
2076-1251-1308
2077-1293-1351
2078-1335-1395
2079-1378-1439
2080-1421-1483
2081-1464-1528
2082-1507-1573
2083-1550-1617
2084-1593-1662
2085-1636-1707
2086-1680-1752
2087-1724-1798
2088-1769-1844
2089-1814-1891
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