Proposed Provision: B3.14. Beginning with those newly eligible for OASDI benefits in 2022, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2026 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2020 | 261 | 261 |
2021 | 248 | 248 |
2022 | 233 | 233 |
2023 | 217 | 217 |
2024 | 200 | 200 |
2025 | 183 | 183 |
2026 | 165 | 165 |
2027 | 148 | 148 |
2028 | 130 | 130 |
2029 | 112 | 113 |
2030 | 94 | 95 |
2031 | 76 | 77 |
2032 | 58 | 59 |
2033 | 39 | 41 |
2034 | 20 | 23 |
2035 | 1 | 5 |
2036 | -19 | -14 |
2037 | -38 | -33 |
2038 | -59 | -52 |
2039 | -80 | -72 |
2040 | -101 | -92 |
2041 | -122 | -112 |
2042 | -144 | -132 |
2043 | -166 | -153 |
2044 | -188 | -173 |
2045 | -210 | -194 |
2046 | -232 | -214 |
2047 | -255 | -235 |
2048 | -277 | -255 |
2049 | -299 | -276 |
2050 | -322 | -296 |
2051 | -344 | -317 |
2052 | -367 | -337 |
2053 | -389 | -357 |
2054 | -412 | -378 |
2055 | -434 | -398 |
2056 | -457 | -419 |
2057 | -480 | -440 |
2058 | -504 | -461 |
2059 | -527 | -482 |
2060 | -551 | -503 |
2061 | -575 | -525 |
2062 | -599 | -547 |
2063 | -624 | -569 |
2064 | -650 | -592 |
2065 | -676 | -616 |
2066 | -702 | -639 |
2067 | -728 | -663 |
2068 | -755 | -687 |
2069 | -782 | -712 |
2070 | -809 | -737 |
2071 | -837 | -763 |
2072 | -866 | -789 |
2073 | -895 | -815 |
2074 | -925 | -842 |
2075 | -955 | -870 |
2076 | -986 | -898 |
2077 | -1018 | -927 |
2078 | -1051 | -957 |
2079 | -1084 | -988 |
2080 | -1119 | -1019 |
2081 | -1154 | -1052 |
2082 | -1190 | -1084 |
2083 | -1226 | -1117 |
2084 | -1263 | -1151 |
2085 | -1300 | -1185 |
2086 | -1337 | -1219 |
2087 | -1374 | -1253 |
2088 | -1411 | -1286 |
2089 | -1448 | -1320 |
2090 | -1484 | -1353 |
2091 | -1520 | -1385 |
2092 | -1554 | -1417 |
2093 | -1589 | -1448 |
2094 | -1623 | -1479 |
2095 | -1657 | -1510 |
back