Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2016, 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
2015308308
2016298298
2017280280
2018264264
2019248249
2020233234
2021219220
2022204205
2023189190
2024173175
2025157160
2026142146
2027126130
2028110115
202994100
20307784
20316067
20324250
20332332
2034414
2035-16-5
2036-36-24
2037-57-43
2038-78-63
2039-100-84
2040-122-104
2041-144-125
2042-166-146
2043-189-167
2044-211-188
2045-234-209
2046-257-231
2047-280-252
2048-303-274
2049-327-296
2050-351-318
2051-375-340
2052-398-362
2053-423-385
2054-447-407
2055-472-430
2056-496-454
2057-522-477
2058-548-501
2059-574-526
2060-601-551
2061-629-577
2062-657-603
2063-685-630
2064-714-657
2065-744-685
2066-774-713
2067-804-742
2068-835-771
2069-867-801
2070-899-831
2071-932-862
2072-965-894
2073-1000-926
2074-1035-960
2075-1072-994
2076-1110-1030
2077-1148-1067
2078-1188-1104
2079-1228-1142
2080-1268-1180
2081-1309-1218
2082-1350-1257
2083-1391-1295
2084-1432-1334
2085-1472-1372
2086-1514-1411
2087-1555-1450
2088-1597-1490
2089-1640-1530
2090-1683-1571
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