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 |
2015 | 308 | 308 |
2016 | 298 | 298 |
2017 | 280 | 280 |
2018 | 264 | 264 |
2019 | 248 | 249 |
2020 | 233 | 234 |
2021 | 219 | 220 |
2022 | 204 | 205 |
2023 | 189 | 190 |
2024 | 173 | 175 |
2025 | 157 | 160 |
2026 | 142 | 146 |
2027 | 126 | 130 |
2028 | 110 | 115 |
2029 | 94 | 100 |
2030 | 77 | 84 |
2031 | 60 | 67 |
2032 | 42 | 50 |
2033 | 23 | 32 |
2034 | 4 | 14 |
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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