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
2021253253
2022231231
2023214214
2024196197
2025178180
2026159163
2027141146
2028122130
2029104114
20308597
20316681
20324665
20332749
2034733
2035-1317
2036-331
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
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