Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2024, gradually reduce the 15 percent PIA formula factor in each year so that it reaches 10 percent for those newly eligible in 2053 and later.

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

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230230
2025214214
2026198198
2027181181
2028164164
2029145145
2030127127
2031107107
20328787
20336767
20344646
20352525
203644
2037-18-18
2038-40-40
2039-62-62
2040-85-84
2041-108-107
2042-130-129
2043-153-152
2044-176-175
2045-200-198
2046-223-221
2047-247-245
2048-271-268
2049-295-292
2050-319-316
2051-343-340
2052-368-364
2053-393-389
2054-418-413
2055-443-438
2056-468-463
2057-494-489
2058-521-515
2059-548-541
2060-575-568
2061-602-595
2062-630-622
2063-659-650
2064-687-678
2065-716-706
2066-746-735
2067-775-764
2068-805-793
2069-835-822
2070-866-852
2071-897-882
2072-928-912
2073-960-943
2074-992-974
2075-1025-1006
2076-1058-1039
2077-1092-1071
2078-1126-1105
2079-1161-1138
2080-1196-1173
2081-1232-1207
2082-1268-1242
2083-1305-1278
2084-1342-1314
2085-1380-1351
2086-1419-1388
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