Proposed Provision: Progressive price indexing of PIA formula factors beginning with individuals newly eligible for OASDI benefits in 2012. Create new bend point at the 30th percentile of earners. Maintain current-law benefits for earners at the 30th percentile and below and reduce upper 2 formula factors (32% and 15%) such that maximum worker benefit grows by inflation rather than the growth in average wages.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2005 | 320 | 320 |
2006 | 337 | 337 |
2007 | 355 | 355 |
2008 | 370 | 370 |
2009 | 383 | 383 |
2010 | 394 | 394 |
2011 | 404 | 404 |
2012 | 410 | 410 |
2013 | 415 | 415 |
2014 | 417 | 418 |
2015 | 418 | 419 |
2016 | 416 | 418 |
2017 | 412 | 416 |
2018 | 407 | 412 |
2019 | 401 | 407 |
2020 | 393 | 401 |
2021 | 383 | 394 |
2022 | 372 | 386 |
2023 | 360 | 377 |
2024 | 346 | 366 |
2025 | 332 | 355 |
2026 | 316 | 343 |
2027 | 299 | 331 |
2028 | 282 | 317 |
2029 | 264 | 304 |
2030 | 245 | 290 |
2031 | 225 | 276 |
2032 | 205 | 262 |
2033 | 185 | 247 |
2034 | 164 | 233 |
2035 | 143 | 219 |
2036 | 121 | 204 |
2037 | 99 | 190 |
2038 | 77 | 176 |
2039 | 54 | 161 |
2040 | 31 | 147 |
2041 | 7 | 133 |
2042 | -17 | 120 |
2043 | -41 | 106 |
2044 | -66 | 92 |
2045 | -91 | 79 |
2046 | -117 | 65 |
2047 | -143 | 52 |
2048 | -169 | 39 |
2049 | -196 | 26 |
2050 | -223 | 13 |
2051 | -251 | 0 |
2052 | -279 | -13 |
2053 | -308 | -26 |
2054 | -337 | -39 |
2055 | -367 | -52 |
2056 | -397 | -65 |
2057 | -428 | -78 |
2058 | -460 | -91 |
2059 | -492 | -105 |
2060 | -525 | -118 |
2061 | -558 | -131 |
2062 | -592 | -144 |
2063 | -626 | -158 |
2064 | -661 | -171 |
2065 | -697 | -185 |
2066 | -734 | -198 |
2067 | -772 | -212 |
2068 | -810 | -226 |
2069 | -849 | -240 |
2070 | -889 | -254 |
2071 | -930 | -268 |
2072 | -971 | -283 |
2073 | -1014 | -297 |
2074 | -1057 | -312 |
2075 | -1101 | -326 |
2076 | -1146 | -341 |
2077 | -1192 | -356 |
2078 | -1238 | -371 |
2079 | -1286 | -386 |
2080 | -1334 | -401 |
2081 | -1383 | -416 |
2082 | -1433 | -431 |
2083 | -1484 | -446 |
2084 | -1536 | -462 |
2085 | -1589 | -478 |
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