Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2031, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2064: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 152 |
2027 | 134 | 134 |
2028 | 117 | 117 |
2029 | 101 | 101 |
2030 | 84 | 84 |
2031 | 68 | 68 |
2032 | 53 | 53 |
2033 | 37 | 37 |
2034 | 22 | 22 |
2035 | 7 | 7 |
2036 | -9 | -9 |
2037 | -26 | -25 |
2038 | -43 | -42 |
2039 | -60 | -60 |
2040 | -78 | -78 |
2041 | -96 | -96 |
2042 | -115 | -114 |
2043 | -135 | -133 |
2044 | -154 | -153 |
2045 | -174 | -172 |
2046 | -194 | -192 |
2047 | -215 | -212 |
2048 | -235 | -232 |
2049 | -256 | -252 |
2050 | -277 | -272 |
2051 | -299 | -292 |
2052 | -320 | -313 |
2053 | -342 | -333 |
2054 | -364 | -354 |
2055 | -386 | -375 |
2056 | -409 | -396 |
2057 | -431 | -417 |
2058 | -455 | -438 |
2059 | -478 | -460 |
2060 | -502 | -482 |
2061 | -527 | -504 |
2062 | -553 | -527 |
2063 | -579 | -550 |
2064 | -605 | -573 |
2065 | -632 | -597 |
2066 | -660 | -621 |
2067 | -688 | -646 |
2068 | -716 | -670 |
2069 | -745 | -695 |
2070 | -774 | -719 |
2071 | -803 | -744 |
2072 | -834 | -769 |
2073 | -864 | -795 |
2074 | -895 | -820 |
2075 | -927 | -846 |
2076 | -960 | -872 |
2077 | -993 | -899 |
2078 | -1027 | -926 |
2079 | -1062 | -953 |
2080 | -1098 | -981 |
2081 | -1134 | -1009 |
2082 | -1172 | -1038 |
2083 | -1209 | -1066 |
2084 | -1248 | -1095 |
2085 | -1287 | -1125 |
2086 | -1327 | -1154 |
2087 | -1368 | -1184 |
2088 | -1409 | -1214 |
2089 | -1450 | -1243 |
2090 | -1491 | -1272 |
2091 | -1532 | -1301 |
2092 | -1573 | -1329 |
2093 | -1612 | -1356 |
2094 | -1651 | -1382 |
2095 | -1689 | -1408 |
2096 | -1727 | -1433 |
2097 | -1764 | -1457 |
2098 | -1801 | -1481 |
2099 | -1838 | -1505 |
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