Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2012, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009; (2) places a new bend point 75 percent of the way between the reset first bend point and the current-law second bend point; (3) lowers the PIA factor between the new bend point and the upper bend point from 32% to 20%; and (4) lowers the factor above the upper bend point from 15% to 10%.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 341 |
2014 | 334 | 334 |
2015 | 328 | 328 |
2016 | 321 | 322 |
2017 | 314 | 316 |
2018 | 306 | 308 |
2019 | 296 | 299 |
2020 | 284 | 289 |
2021 | 272 | 277 |
2022 | 259 | 265 |
2023 | 245 | 252 |
2024 | 230 | 238 |
2025 | 214 | 224 |
2026 | 198 | 209 |
2027 | 181 | 193 |
2028 | 164 | 177 |
2029 | 145 | 159 |
2030 | 127 | 142 |
2031 | 107 | 124 |
2032 | 87 | 105 |
2033 | 67 | 86 |
2034 | 46 | 67 |
2035 | 25 | 47 |
2036 | 4 | 27 |
2037 | -18 | 7 |
2038 | -40 | -13 |
2039 | -62 | -34 |
2040 | -85 | -55 |
2041 | -108 | -75 |
2042 | -130 | -96 |
2043 | -153 | -118 |
2044 | -176 | -139 |
2045 | -200 | -160 |
2046 | -223 | -182 |
2047 | -247 | -203 |
2048 | -271 | -225 |
2049 | -295 | -247 |
2050 | -319 | -270 |
2051 | -343 | -292 |
2052 | -368 | -315 |
2053 | -393 | -337 |
2054 | -418 | -360 |
2055 | -443 | -384 |
2056 | -468 | -407 |
2057 | -494 | -431 |
2058 | -521 | -456 |
2059 | -548 | -480 |
2060 | -575 | -506 |
2061 | -602 | -531 |
2062 | -630 | -557 |
2063 | -659 | -583 |
2064 | -687 | -610 |
2065 | -716 | -637 |
2066 | -746 | -664 |
2067 | -775 | -691 |
2068 | -805 | -719 |
2069 | -835 | -747 |
2070 | -866 | -776 |
2071 | -897 | -805 |
2072 | -928 | -834 |
2073 | -960 | -863 |
2074 | -992 | -893 |
2075 | -1025 | -924 |
2076 | -1058 | -955 |
2077 | -1092 | -987 |
2078 | -1126 | -1019 |
2079 | -1161 | -1051 |
2080 | -1196 | -1084 |
2081 | -1232 | -1118 |
2082 | -1268 | -1152 |
2083 | -1305 | -1186 |
2084 | -1342 | -1221 |
2085 | -1380 | -1256 |
2086 | -1419 | -1293 |
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