Proposed Provision: Reduce the upper 15-percent PIA formula factor to 10 percent over a 30-year period from 2023 through 2052. Affects OASI and DI benefit computations.
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 | 299 |
2021 | 289 | 289 |
2022 | 277 | 277 |
2023 | 264 | 264 |
2024 | 251 | 251 |
2025 | 237 | 237 |
2026 | 221 | 221 |
2027 | 205 | 205 |
2028 | 189 | 189 |
2029 | 171 | 172 |
2030 | 154 | 154 |
2031 | 136 | 136 |
2032 | 117 | 117 |
2033 | 98 | 98 |
2034 | 79 | 79 |
2035 | 59 | 60 |
2036 | 39 | 40 |
2037 | 19 | 20 |
2038 | -1 | 0 |
2039 | -21 | -20 |
2040 | -42 | -41 |
2041 | -63 | -61 |
2042 | -84 | -82 |
2043 | -105 | -103 |
2044 | -126 | -123 |
2045 | -147 | -144 |
2046 | -168 | -165 |
2047 | -189 | -186 |
2048 | -211 | -207 |
2049 | -233 | -229 |
2050 | -255 | -250 |
2051 | -277 | -272 |
2052 | -299 | -294 |
2053 | -321 | -316 |
2054 | -344 | -338 |
2055 | -366 | -360 |
2056 | -389 | -382 |
2057 | -412 | -405 |
2058 | -436 | -428 |
2059 | -460 | -452 |
2060 | -485 | -475 |
2061 | -509 | -500 |
2062 | -534 | -524 |
2063 | -560 | -549 |
2064 | -586 | -574 |
2065 | -612 | -599 |
2066 | -638 | -625 |
2067 | -665 | -651 |
2068 | -692 | -677 |
2069 | -720 | -704 |
2070 | -748 | -731 |
2071 | -776 | -759 |
2072 | -805 | -786 |
2073 | -834 | -815 |
2074 | -864 | -843 |
2075 | -894 | -873 |
2076 | -925 | -903 |
2077 | -957 | -933 |
2078 | -989 | -964 |
2079 | -1021 | -995 |
2080 | -1054 | -1027 |
2081 | -1087 | -1059 |
2082 | -1121 | -1092 |
2083 | -1156 | -1126 |
2084 | -1191 | -1160 |
2085 | -1227 | -1194 |
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