Proposed Provision: B3.14. Beginning with those newly eligible for OASDI benefits in 2023, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2027 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2021 | 253 | 253 |
2022 | 231 | 231 |
2023 | 214 | 214 |
2024 | 196 | 196 |
2025 | 178 | 178 |
2026 | 159 | 159 |
2027 | 141 | 141 |
2028 | 122 | 123 |
2029 | 104 | 104 |
2030 | 85 | 85 |
2031 | 66 | 67 |
2032 | 46 | 48 |
2033 | 27 | 29 |
2034 | 7 | 9 |
2035 | -13 | -10 |
2036 | -33 | -30 |
2037 | -54 | -50 |
2038 | -76 | -71 |
2039 | -97 | -91 |
2040 | -119 | -113 |
2041 | -142 | -134 |
2042 | -165 | -155 |
2043 | -188 | -177 |
2044 | -211 | -199 |
2045 | -235 | -221 |
2046 | -258 | -243 |
2047 | -282 | -265 |
2048 | -306 | -288 |
2049 | -330 | -310 |
2050 | -354 | -332 |
2051 | -378 | -355 |
2052 | -403 | -377 |
2053 | -427 | -400 |
2054 | -452 | -423 |
2055 | -477 | -446 |
2056 | -502 | -468 |
2057 | -527 | -491 |
2058 | -552 | -514 |
2059 | -578 | -538 |
2060 | -604 | -561 |
2061 | -630 | -585 |
2062 | -657 | -610 |
2063 | -684 | -635 |
2064 | -712 | -660 |
2065 | -740 | -685 |
2066 | -768 | -711 |
2067 | -796 | -737 |
2068 | -825 | -764 |
2069 | -855 | -791 |
2070 | -884 | -818 |
2071 | -914 | -845 |
2072 | -945 | -873 |
2073 | -976 | -902 |
2074 | -1007 | -930 |
2075 | -1039 | -960 |
2076 | -1071 | -990 |
2077 | -1105 | -1021 |
2078 | -1139 | -1053 |
2079 | -1175 | -1085 |
2080 | -1211 | -1119 |
2081 | -1248 | -1153 |
2082 | -1286 | -1187 |
2083 | -1324 | -1223 |
2084 | -1363 | -1259 |
2085 | -1403 | -1295 |
2086 | -1443 | -1332 |
2087 | -1483 | -1369 |
2088 | -1524 | -1406 |
2089 | -1564 | -1443 |
2090 | -1604 | -1479 |
2091 | -1643 | -1515 |
2092 | -1681 | -1550 |
2093 | -1718 | -1583 |
2094 | -1754 | -1616 |
2095 | -1789 | -1649 |
2096 | -1825 | -1681 |
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