Proposed Provision: Increase contribution and benefit base (taxable maximum) by an additional 2 percent per year beginning in 2012 until taxable earnings are equal to 90 percent of covered earnings (estimated to occur in 2049). Additional taxable earnings would be credited for the purpose of computing benefits. Create a new bend point equal to the current-law taxable maximum and provide a 5 percent PIA formula factor for AIME above the new bend point.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335337
2016330333
2017324328
2018317323
2019309316
2020299309
2021289300
2022277291
2023264281
2024251270
2025237258
2026221246
2027205233
2028189220
2029171206
2030154192
2031136178
2032117163
203398149
203479134
203559119
203639104
20371989
2038-174
2039-2160
2040-4245
2041-6330
2042-8416
2043-1052
2044-126-12
2045-147-27
2046-168-40
2047-189-54
2048-211-68
2049-233-82
2050-255-96
2051-277-110
2052-299-124
2053-321-138
2054-344-152
2055-366-167
2056-389-181
2057-412-196
2058-436-212
2059-460-227
2060-485-243
2061-509-259
2062-534-276
2063-560-293
2064-586-310
2065-612-327
2066-638-345
2067-665-362
2068-692-381
2069-720-399
2070-748-418
2071-776-437
2072-805-457
2073-834-477
2074-864-498
2075-894-519
2076-925-540
2077-957-562
2078-989-584
2079-1021-607
2080-1054-630
2081-1087-654
2082-1121-678
2083-1156-702
2084-1191-727
2085-1227-753
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