Proposed Provision: Create a new bend point at the 50th percentile of new retired and disabled worker entitlements. Beginning for those newly eligible in 2017, do the following: a) reduce the 32 percent PIA formula factor below the new bend point to 30 percent by 2050; b) reduce the 32 percent PIA factor above the new bend point to 10 percent by 2050; and c) reduce the 15 percent factor to 5 percent by 2050.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2010 | 355 | 355 |
2011 | 353 | 353 |
2012 | 350 | 350 |
2013 | 346 | 346 |
2014 | 341 | 341 |
2015 | 335 | 335 |
2016 | 330 | 330 |
2017 | 324 | 324 |
2018 | 317 | 317 |
2019 | 309 | 309 |
2020 | 299 | 300 |
2021 | 289 | 290 |
2022 | 277 | 279 |
2023 | 264 | 267 |
2024 | 251 | 254 |
2025 | 237 | 241 |
2026 | 221 | 227 |
2027 | 205 | 212 |
2028 | 189 | 196 |
2029 | 171 | 181 |
2030 | 154 | 164 |
2031 | 136 | 148 |
2032 | 117 | 131 |
2033 | 98 | 114 |
2034 | 79 | 97 |
2035 | 59 | 80 |
2036 | 39 | 63 |
2037 | 19 | 46 |
2038 | -1 | 28 |
2039 | -21 | 11 |
2040 | -42 | -6 |
2041 | -63 | -23 |
2042 | -84 | -40 |
2043 | -105 | -56 |
2044 | -126 | -73 |
2045 | -147 | -89 |
2046 | -168 | -105 |
2047 | -189 | -121 |
2048 | -211 | -137 |
2049 | -233 | -153 |
2050 | -255 | -169 |
2051 | -277 | -184 |
2052 | -299 | -200 |
2053 | -321 | -215 |
2054 | -344 | -230 |
2055 | -366 | -244 |
2056 | -389 | -259 |
2057 | -412 | -274 |
2058 | -436 | -289 |
2059 | -460 | -304 |
2060 | -485 | -319 |
2061 | -509 | -334 |
2062 | -534 | -349 |
2063 | -560 | -364 |
2064 | -586 | -379 |
2065 | -612 | -394 |
2066 | -638 | -410 |
2067 | -665 | -425 |
2068 | -692 | -440 |
2069 | -720 | -456 |
2070 | -748 | -472 |
2071 | -776 | -488 |
2072 | -805 | -504 |
2073 | -834 | -521 |
2074 | -864 | -538 |
2075 | -894 | -555 |
2076 | -925 | -572 |
2077 | -957 | -590 |
2078 | -989 | -608 |
2079 | -1021 | -627 |
2080 | -1054 | -645 |
2081 | -1087 | -664 |
2082 | -1121 | -684 |
2083 | -1156 | -704 |
2084 | -1191 | -724 |
2085 | -1227 | -744 |
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