Proposed Provision: Increase the taxable maximum by an additional 2 percent per year beginning in 2013 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum levels. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2011353353
2012347347
2013341341
2014334334
2015328328
2016321323
2017314317
2018306310
2019296301
2020284292
2021272281
2022259270
2023245258
2024230246
2025214233
2026198220
2027181206
2028164192
2029145177
2030127162
2031107146
203287130
203367114
20344698
20352581
2036465
2037-1848
2038-4031
2039-6215
2040-85-2
2041-108-18
2042-130-35
2043-153-51
2044-176-67
2045-200-84
2046-223-100
2047-247-116
2048-271-133
2049-295-149
2050-319-165
2051-343-181
2052-368-198
2053-393-214
2054-418-231
2055-443-248
2056-468-265
2057-494-282
2058-521-300
2059-548-318
2060-575-336
2061-602-355
2062-630-374
2063-659-393
2064-687-412
2065-716-432
2066-746-452
2067-775-472
2068-805-492
2069-835-513
2070-866-534
2071-897-555
2072-928-577
2073-960-599
2074-992-621
2075-1025-644
2076-1058-667
2077-1092-691
2078-1126-715
2079-1161-740
2080-1196-764
2081-1232-790
2082-1268-815
2083-1305-841
2084-1342-868
2085-1380-895
2086-1419-923
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