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
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316868
20325353
20333737
20342222
203577
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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