Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2014, 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 percent to 20 percent; and (4) lowers the factor above the upper bend point from 15 percent to 10 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2013 | 330 | 330 |
2014 | 315 | 316 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 272 |
2018 | 257 | 258 |
2019 | 244 | 246 |
2020 | 231 | 233 |
2021 | 218 | 220 |
2022 | 204 | 207 |
2023 | 189 | 193 |
2024 | 173 | 178 |
2025 | 158 | 163 |
2026 | 142 | 148 |
2027 | 125 | 132 |
2028 | 108 | 116 |
2029 | 90 | 99 |
2030 | 71 | 81 |
2031 | 52 | 63 |
2032 | 31 | 44 |
2033 | 11 | 25 |
2034 | -11 | 4 |
2035 | -32 | -16 |
2036 | -55 | -37 |
2037 | -78 | -59 |
2038 | -101 | -80 |
2039 | -124 | -102 |
2040 | -148 | -124 |
2041 | -172 | -147 |
2042 | -196 | -169 |
2043 | -220 | -192 |
2044 | -245 | -215 |
2045 | -269 | -238 |
2046 | -294 | -261 |
2047 | -319 | -284 |
2048 | -345 | -308 |
2049 | -371 | -331 |
2050 | -397 | -356 |
2051 | -423 | -380 |
2052 | -449 | -404 |
2053 | -476 | -429 |
2054 | -502 | -454 |
2055 | -530 | -479 |
2056 | -557 | -504 |
2057 | -585 | -530 |
2058 | -613 | -557 |
2059 | -642 | -584 |
2060 | -671 | -611 |
2061 | -701 | -639 |
2062 | -732 | -667 |
2063 | -763 | -696 |
2064 | -794 | -726 |
2065 | -826 | -756 |
2066 | -859 | -786 |
2067 | -892 | -817 |
2068 | -925 | -848 |
2069 | -959 | -880 |
2070 | -993 | -912 |
2071 | -1028 | -945 |
2072 | -1064 | -979 |
2073 | -1101 | -1014 |
2074 | -1139 | -1049 |
2075 | -1178 | -1086 |
2076 | -1217 | -1123 |
2077 | -1258 | -1161 |
2078 | -1299 | -1200 |
2079 | -1340 | -1239 |
2080 | -1382 | -1278 |
2081 | -1424 | -1317 |
2082 | -1466 | -1356 |
2083 | -1508 | -1396 |
2084 | -1550 | -1435 |
2085 | -1592 | -1475 |
2086 | -1635 | -1515 |
2087 | -1678 | -1556 |
2088 | -1722 | -1597 |
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