Proposed Provision: E3.17. Beginning in 2023, increase the taxable maximum by twice the rate of increase in the national Average Wage Index, but never by less than 3 percent. Provide benefit credit for earnings up to the revised taxable maximum levels.
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 | 197 |
2025 | 178 | 180 |
2026 | 159 | 163 |
2027 | 141 | 146 |
2028 | 122 | 130 |
2029 | 104 | 114 |
2030 | 85 | 97 |
2031 | 66 | 81 |
2032 | 46 | 65 |
2033 | 27 | 49 |
2034 | 7 | 33 |
2035 | -13 | 17 |
2036 | -33 | 1 |
2037 | -54 | -15 |
2038 | -76 | -31 |
2039 | -97 | -47 |
2040 | -119 | -64 |
2041 | -142 | -80 |
2042 | -165 | -97 |
2043 | -188 | -113 |
2044 | -211 | -130 |
2045 | -235 | -147 |
2046 | -258 | -163 |
2047 | -282 | -180 |
2048 | -306 | -196 |
2049 | -330 | -213 |
2050 | -354 | -229 |
2051 | -378 | -246 |
2052 | -403 | -262 |
2053 | -427 | -279 |
2054 | -452 | -295 |
2055 | -477 | -312 |
2056 | -502 | -328 |
2057 | -527 | -345 |
2058 | -552 | -362 |
2059 | -578 | -379 |
2060 | -604 | -396 |
2061 | -630 | -413 |
2062 | -657 | -431 |
2063 | -684 | -449 |
2064 | -712 | -467 |
2065 | -740 | -486 |
2066 | -768 | -504 |
2067 | -796 | -524 |
2068 | -825 | -543 |
2069 | -855 | -562 |
2070 | -884 | -582 |
2071 | -914 | -602 |
2072 | -945 | -623 |
2073 | -976 | -644 |
2074 | -1007 | -665 |
2075 | -1039 | -686 |
2076 | -1071 | -708 |
2077 | -1105 | -731 |
2078 | -1139 | -754 |
2079 | -1175 | -778 |
2080 | -1211 | -803 |
2081 | -1248 | -828 |
2082 | -1286 | -853 |
2083 | -1324 | -879 |
2084 | -1363 | -905 |
2085 | -1403 | -931 |
2086 | -1443 | -957 |
2087 | -1483 | -984 |
2088 | -1524 | -1010 |
2089 | -1564 | -1037 |
2090 | -1604 | -1062 |
2091 | -1643 | -1087 |
2092 | -1681 | -1112 |
2093 | -1718 | -1135 |
2094 | -1754 | -1158 |
2095 | -1789 | -1180 |
2096 | -1825 | -1203 |
back