Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2028, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2061: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324647
20332727
203477
2035-13-13
2036-33-33
2037-54-54
2038-76-75
2039-97-96
2040-119-118
2041-142-140
2042-165-162
2043-188-185
2044-211-208
2045-235-231
2046-258-254
2047-282-276
2048-306-299
2049-330-322
2050-354-345
2051-378-369
2052-403-392
2053-427-415
2054-452-438
2055-477-461
2056-502-484
2057-527-507
2058-552-530
2059-578-553
2060-604-576
2061-630-600
2062-657-623
2063-684-647
2064-712-671
2065-740-695
2066-768-720
2067-796-744
2068-825-768
2069-855-793
2070-884-817
2071-914-841
2072-945-866
2073-976-890
2074-1007-915
2075-1039-940
2076-1071-965
2077-1105-991
2078-1139-1017
2079-1175-1044
2080-1211-1071
2081-1248-1099
2082-1286-1127
2083-1324-1155
2084-1363-1184
2085-1403-1212
2086-1443-1241
2087-1483-1270
2088-1524-1298
2089-1564-1326
2090-1604-1353
2091-1643-1380
2092-1681-1405
2093-1718-1429
2094-1754-1452
2095-1789-1475
2096-1825-1498
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