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
2011353353
2012347347
2013341341
2014334334
2015328328
2016321321
2017314314
2018306306
2019296296
2020284284
2021272272
2022259259
2023245245
2024230231
2025214216
2026198201
2027181184
2028164168
2029145150
2030127132
2031107114
20328795
20336776
20344657
20352538
2036418
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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