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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122123
2029104104
20308585
20316667
20324648
20332729
203479
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
back