Proposed Provision: B3.17. Increase the current-law first bend point by 22 percent and increase the 90 percent PIA factor to 95 percent for all beneficiaries eligible for benefits as of January 2024 and for those newly eligible for benefits after 2023. This provision will result in an approximate $220 increase in PIA for most workers newly eligible for retirement or disability benefits in 2024.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187171
2025168146
2026149122
202713198
202811475
20299651
20307828
2031605
203243-18
203325-41
20347-65
2035-12-90
2036-31-115
2037-51-141
2038-70-168
2039-91-195
2040-112-223
2041-133-251
2042-154-279
2043-176-308
2044-198-337
2045-220-366
2046-243-396
2047-265-426
2048-288-455
2049-311-485
2050-333-515
2051-357-546
2052-380-576
2053-403-606
2054-427-637
2055-450-667
2056-474-697
2057-498-728
2058-522-759
2059-547-790
2060-572-822
2061-597-854
2062-623-887
2063-650-921
2064-677-955
2065-705-990
2066-733-1025
2067-762-1061
2068-791-1097
2069-820-1133
2070-850-1170
2071-880-1208
2072-911-1246
2073-942-1285
2074-974-1324
2075-1006-1364
2076-1039-1405
2077-1074-1447
2078-1108-1490
2079-1144-1535
2080-1181-1580
2081-1218-1627
2082-1256-1674
2083-1294-1722
2084-1333-1771
2085-1373-1820
2086-1413-1870
2087-1453-1921
2088-1494-1972
2089-1534-2022
2090-1574-2073
2091-1613-2122
2092-1651-2171
2093-1689-2219
2094-1726-2265
2095-1762-2311
2096-1798-2357
2097-1833-2401
2098-1868-2445
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