Proposed Provision: Price indexing of PIA formula factors beginning with those newly eligible for OASDI benefits in 2020: Reduce PIA formula factors so that initial benefits grow by inflation rather than by the SSA average wage index.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 271 |
2018 | 257 | 257 |
2019 | 244 | 244 |
2020 | 231 | 231 |
2021 | 218 | 218 |
2022 | 204 | 204 |
2023 | 189 | 190 |
2024 | 173 | 175 |
2025 | 158 | 160 |
2026 | 142 | 145 |
2027 | 125 | 130 |
2028 | 108 | 115 |
2029 | 90 | 99 |
2030 | 71 | 82 |
2031 | 52 | 65 |
2032 | 31 | 48 |
2033 | 11 | 31 |
2034 | -11 | 13 |
2035 | -32 | -5 |
2036 | -55 | -23 |
2037 | -78 | -41 |
2038 | -101 | -58 |
2039 | -124 | -76 |
2040 | -148 | -93 |
2041 | -172 | -110 |
2042 | -196 | -127 |
2043 | -220 | -143 |
2044 | -245 | -158 |
2045 | -269 | -173 |
2046 | -294 | -188 |
2047 | -319 | -202 |
2048 | -345 | -215 |
2049 | -371 | -228 |
2050 | -397 | -240 |
2051 | -423 | -252 |
2052 | -449 | -262 |
2053 | -476 | -272 |
2054 | -502 | -281 |
2055 | -530 | -290 |
2056 | -557 | -297 |
2057 | -585 | -305 |
2058 | -613 | -311 |
2059 | -642 | -317 |
2060 | -671 | -322 |
2061 | -701 | -326 |
2062 | -732 | -330 |
2063 | -763 | -333 |
2064 | -794 | -335 |
2065 | -826 | -336 |
2066 | -859 | -337 |
2067 | -892 | -336 |
2068 | -925 | -335 |
2069 | -959 | -333 |
2070 | -993 | -330 |
2071 | -1028 | -326 |
2072 | -1064 | -322 |
2073 | -1101 | -317 |
2074 | -1139 | -310 |
2075 | -1178 | -303 |
2076 | -1217 | -294 |
2077 | -1258 | -284 |
2078 | -1299 | -273 |
2079 | -1340 | -261 |
2080 | -1382 | -247 |
2081 | -1424 | -232 |
2082 | -1466 | -215 |
2083 | -1508 | -197 |
2084 | -1550 | -177 |
2085 | -1592 | -156 |
2086 | -1635 | -133 |
2087 | -1678 | -109 |
2088 | -1722 | -83 |
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