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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 264 |
2019 | 248 | 249 |
2020 | 233 | 235 |
2021 | 219 | 221 |
2022 | 204 | 208 |
2023 | 189 | 194 |
2024 | 173 | 180 |
2025 | 157 | 166 |
2026 | 142 | 153 |
2027 | 126 | 139 |
2028 | 110 | 125 |
2029 | 94 | 112 |
2030 | 77 | 98 |
2031 | 60 | 83 |
2032 | 42 | 69 |
2033 | 23 | 53 |
2034 | 4 | 37 |
2035 | -16 | 21 |
2036 | -36 | 5 |
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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