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
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309309
2020299301
2021289291
2022277281
2023264270
2024251258
2025237246
2026221234
2027205221
2028189208
2029171195
2030154181
2031136168
2032117155
203398142
203479129
203559116
203639104
20371992
2038-181
2039-2171
2040-4261
2041-6352
2042-8444
2043-10536
2044-12630
2045-14724
2046-16820
2047-18916
2048-21114
2049-23312
2050-25512
2051-27713
2052-29915
2053-32118
2054-34423
2055-36629
2056-38935
2057-41243
2058-43652
2059-46063
2060-48574
2061-50987
2062-534102
2063-560117
2064-586134
2065-612153
2066-638172
2067-665194
2068-692216
2069-720240
2070-748266
2071-776293
2072-805321
2073-834351
2074-864383
2075-894417
2076-925452
2077-957489
2078-989527
2079-1021568
2080-1054610
2081-1087655
2082-1121701
2083-1156750
2084-1191801
2085-1227854
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