Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2017 and later, reduce PIA formula factors so that benefits grow by inflation rather than by increases in real wages.
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 | 301 |
2021 | 289 | 291 |
2022 | 277 | 281 |
2023 | 264 | 270 |
2024 | 251 | 258 |
2025 | 237 | 246 |
2026 | 221 | 234 |
2027 | 205 | 221 |
2028 | 189 | 208 |
2029 | 171 | 195 |
2030 | 154 | 181 |
2031 | 136 | 168 |
2032 | 117 | 155 |
2033 | 98 | 142 |
2034 | 79 | 129 |
2035 | 59 | 116 |
2036 | 39 | 104 |
2037 | 19 | 92 |
2038 | -1 | 81 |
2039 | -21 | 71 |
2040 | -42 | 61 |
2041 | -63 | 52 |
2042 | -84 | 44 |
2043 | -105 | 36 |
2044 | -126 | 30 |
2045 | -147 | 24 |
2046 | -168 | 20 |
2047 | -189 | 16 |
2048 | -211 | 14 |
2049 | -233 | 12 |
2050 | -255 | 12 |
2051 | -277 | 13 |
2052 | -299 | 15 |
2053 | -321 | 18 |
2054 | -344 | 23 |
2055 | -366 | 29 |
2056 | -389 | 35 |
2057 | -412 | 43 |
2058 | -436 | 52 |
2059 | -460 | 63 |
2060 | -485 | 74 |
2061 | -509 | 87 |
2062 | -534 | 102 |
2063 | -560 | 117 |
2064 | -586 | 134 |
2065 | -612 | 153 |
2066 | -638 | 172 |
2067 | -665 | 194 |
2068 | -692 | 216 |
2069 | -720 | 240 |
2070 | -748 | 266 |
2071 | -776 | 293 |
2072 | -805 | 321 |
2073 | -834 | 351 |
2074 | -864 | 383 |
2075 | -894 | 417 |
2076 | -925 | 452 |
2077 | -957 | 489 |
2078 | -989 | 527 |
2079 | -1021 | 568 |
2080 | -1054 | 610 |
2081 | -1087 | 655 |
2082 | -1121 | 701 |
2083 | -1156 | 750 |
2084 | -1191 | 801 |
2085 | -1227 | 854 |
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