Proposed Provision: B6.6. Starting in 2025, provide a uniform PIA increase 23 years after benefit eligibility. Phase in the PIA increase at 0.5 percent per year from the 14th through the 23rd years after eligibility. The full PIA increase is equal to 5 percent of the average retired worker PIA in December of the 12th year after benefit eligibility. A similar additional PIA increase applies 42 years after benefit eligibility (age 104), phased in from the 33rd through the 42nd years after eligibility. For those past the 14th year of eligibility in 2025 (over age 76 for retirees), phase in the PIA enhancement over 10 years starting in 2025. Auxiliary beneficiaries receive benefit enhancement based on the PIA of the governing worker.

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

Year Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154153
2027137136
2028120119
2029104101
20308683
20316965
20325147
20333327
2034148
2035-5-13
2036-25-34
2037-46-55
2038-67-77
2039-88-100
2040-110-123
2041-132-146
2042-154-169
2043-176-193
2044-199-217
2045-221-241
2046-244-265
2047-267-289
2048-289-313
2049-312-337
2050-335-361
2051-358-385
2052-381-410
2053-403-434
2054-426-459
2055-450-483
2056-473-508
2057-496-533
2058-520-558
2059-544-583
2060-569-609
2061-594-636
2062-619-663
2063-645-690
2064-671-718
2065-698-746
2066-725-774
2067-752-803
2068-780-832
2069-808-862
2070-837-892
2071-866-923
2072-896-954
2073-927-986
2074-958-1019
2075-990-1053
2076-1023-1087
2077-1057-1123
2078-1092-1160
2079-1128-1198
2080-1165-1236
2081-1202-1275
2082-1240-1315
2083-1278-1355
2084-1316-1395
2085-1354-1435
2086-1392-1475
2087-1430-1515
2088-1468-1555
2089-1505-1595
2090-1543-1634
2091-1580-1673
2092-1618-1713
2093-1655-1753
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