Proposed Provision: Increase the taxable maximum by an additional 2 percent per year beginning in 2017 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

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

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248249
2020233235
2021219221
2022204208
2023189194
2024173180
2025157166
2026142153
2027126139
2028110125
202994112
20307798
20316083
20324269
20332353
2034437
2035-1621
2036-365
2037-57-12
2038-78-28
2039-100-45
2040-122-62
2041-144-79
2042-166-96
2043-189-113
2044-211-130
2045-234-147
2046-257-164
2047-280-181
2048-303-198
2049-327-215
2050-351-232
2051-375-249
2052-398-266
2053-423-284
2054-447-301
2055-472-318
2056-496-336
2057-522-354
2058-548-373
2059-574-392
2060-601-412
2061-629-432
2062-657-452
2063-685-473
2064-714-495
2065-744-517
2066-774-539
2067-804-562
2068-835-585
2069-867-609
2070-899-633
2071-932-658
2072-965-684
2073-1000-711
2074-1035-738
2075-1072-766
2076-1110-795
2077-1148-824
2078-1188-855
2079-1228-885
2080-1268-917
2081-1309-948
2082-1350-979
2083-1391-1011
2084-1432-1042
2085-1472-1074
2086-1514-1106
2087-1555-1138
2088-1597-1171
2089-1640-1204
2090-1683-1238
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