Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2018, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA formula factors except for the 90 percent factor. By 2051: a) the 32 percent PIA formula factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent factor reduces to 5 percent.
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 | 321 |
2017 | 314 | 314 |
2018 | 306 | 306 |
2019 | 296 | 296 |
2020 | 284 | 284 |
2021 | 272 | 272 |
2022 | 259 | 259 |
2023 | 245 | 245 |
2024 | 230 | 231 |
2025 | 214 | 216 |
2026 | 198 | 201 |
2027 | 181 | 184 |
2028 | 164 | 168 |
2029 | 145 | 150 |
2030 | 127 | 132 |
2031 | 107 | 114 |
2032 | 87 | 95 |
2033 | 67 | 76 |
2034 | 46 | 57 |
2035 | 25 | 38 |
2036 | 4 | 18 |
2037 | -18 | -1 |
2038 | -40 | -21 |
2039 | -62 | -41 |
2040 | -85 | -61 |
2041 | -108 | -81 |
2042 | -130 | -101 |
2043 | -153 | -120 |
2044 | -176 | -140 |
2045 | -200 | -159 |
2046 | -223 | -179 |
2047 | -247 | -198 |
2048 | -271 | -218 |
2049 | -295 | -237 |
2050 | -319 | -256 |
2051 | -343 | -276 |
2052 | -368 | -295 |
2053 | -393 | -313 |
2054 | -418 | -332 |
2055 | -443 | -351 |
2056 | -468 | -370 |
2057 | -494 | -389 |
2058 | -521 | -407 |
2059 | -548 | -426 |
2060 | -575 | -445 |
2061 | -602 | -464 |
2062 | -630 | -483 |
2063 | -659 | -502 |
2064 | -687 | -521 |
2065 | -716 | -540 |
2066 | -746 | -559 |
2067 | -775 | -578 |
2068 | -805 | -597 |
2069 | -835 | -617 |
2070 | -866 | -636 |
2071 | -897 | -655 |
2072 | -928 | -675 |
2073 | -960 | -695 |
2074 | -992 | -714 |
2075 | -1025 | -735 |
2076 | -1058 | -755 |
2077 | -1092 | -776 |
2078 | -1126 | -797 |
2079 | -1161 | -819 |
2080 | -1196 | -840 |
2081 | -1232 | -862 |
2082 | -1268 | -885 |
2083 | -1305 | -907 |
2084 | -1342 | -930 |
2085 | -1380 | -954 |
2086 | -1419 | -978 |
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