Proposed Provision: B3.3. Beginning with those newly eligible for OASDI benefits in 2018, use a modified primary insurance amount (PIA) formula. The modified formula: (1) increases the first bend point to the equivalent of $800 in 2009 (about $952 in 2017); (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 |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 273 |
2020 | 259 | 259 |
2021 | 245 | 245 |
2022 | 230 | 230 |
2023 | 215 | 215 |
2024 | 199 | 200 |
2025 | 182 | 184 |
2026 | 165 | 167 |
2027 | 148 | 150 |
2028 | 130 | 133 |
2029 | 112 | 115 |
2030 | 94 | 98 |
2031 | 75 | 80 |
2032 | 56 | 62 |
2033 | 37 | 43 |
2034 | 16 | 24 |
2035 | -4 | 4 |
2036 | -26 | -17 |
2037 | -47 | -37 |
2038 | -70 | -59 |
2039 | -92 | -80 |
2040 | -115 | -101 |
2041 | -138 | -123 |
2042 | -161 | -145 |
2043 | -184 | -167 |
2044 | -207 | -188 |
2045 | -230 | -210 |
2046 | -253 | -232 |
2047 | -276 | -253 |
2048 | -300 | -275 |
2049 | -323 | -297 |
2050 | -346 | -319 |
2051 | -370 | -341 |
2052 | -393 | -362 |
2053 | -417 | -384 |
2054 | -440 | -406 |
2055 | -464 | -428 |
2056 | -487 | -450 |
2057 | -511 | -472 |
2058 | -536 | -495 |
2059 | -560 | -518 |
2060 | -585 | -541 |
2061 | -611 | -565 |
2062 | -637 | -590 |
2063 | -663 | -614 |
2064 | -690 | -639 |
2065 | -717 | -665 |
2066 | -745 | -691 |
2067 | -772 | -717 |
2068 | -801 | -743 |
2069 | -829 | -770 |
2070 | -858 | -798 |
2071 | -888 | -826 |
2072 | -918 | -854 |
2073 | -949 | -884 |
2074 | -981 | -913 |
2075 | -1014 | -944 |
2076 | -1047 | -976 |
2077 | -1082 | -1008 |
2078 | -1117 | -1042 |
2079 | -1153 | -1076 |
2080 | -1190 | -1110 |
2081 | -1227 | -1145 |
2082 | -1264 | -1180 |
2083 | -1300 | -1214 |
2084 | -1337 | -1249 |
2085 | -1374 | -1283 |
2086 | -1410 | -1318 |
2087 | -1446 | -1352 |
2088 | -1483 | -1387 |
2089 | -1520 | -1421 |
2090 | -1557 | -1456 |
2091 | -1595 | -1492 |
2092 | -1633 | -1528 |
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