Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2023, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2056: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 262 |
2020 | 246 | 246 |
2021 | 231 | 231 |
2022 | 216 | 216 |
2023 | 200 | 200 |
2024 | 183 | 183 |
2025 | 165 | 166 |
2026 | 149 | 149 |
2027 | 132 | 132 |
2028 | 115 | 115 |
2029 | 98 | 99 |
2030 | 81 | 82 |
2031 | 64 | 65 |
2032 | 46 | 47 |
2033 | 27 | 29 |
2034 | 8 | 11 |
2035 | -11 | -8 |
2036 | -30 | -27 |
2037 | -50 | -46 |
2038 | -71 | -65 |
2039 | -91 | -85 |
2040 | -112 | -105 |
2041 | -133 | -124 |
2042 | -154 | -144 |
2043 | -176 | -164 |
2044 | -197 | -183 |
2045 | -218 | -203 |
2046 | -240 | -222 |
2047 | -262 | -242 |
2048 | -283 | -261 |
2049 | -305 | -280 |
2050 | -327 | -299 |
2051 | -349 | -318 |
2052 | -371 | -337 |
2053 | -393 | -355 |
2054 | -415 | -374 |
2055 | -437 | -392 |
2056 | -460 | -410 |
2057 | -482 | -429 |
2058 | -506 | -447 |
2059 | -529 | -466 |
2060 | -553 | -484 |
2061 | -578 | -503 |
2062 | -603 | -522 |
2063 | -628 | -541 |
2064 | -654 | -560 |
2065 | -680 | -579 |
2066 | -706 | -598 |
2067 | -733 | -617 |
2068 | -760 | -636 |
2069 | -788 | -656 |
2070 | -816 | -675 |
2071 | -845 | -695 |
2072 | -874 | -715 |
2073 | -905 | -736 |
2074 | -935 | -757 |
2075 | -967 | -778 |
2076 | -1000 | -800 |
2077 | -1033 | -822 |
2078 | -1068 | -845 |
2079 | -1102 | -868 |
2080 | -1138 | -891 |
2081 | -1173 | -914 |
2082 | -1208 | -937 |
2083 | -1243 | -959 |
2084 | -1279 | -982 |
2085 | -1314 | -1004 |
2086 | -1349 | -1026 |
2087 | -1384 | -1048 |
2088 | -1419 | -1070 |
2089 | -1455 | -1092 |
2090 | -1491 | -1115 |
2091 | -1528 | -1138 |
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