Proposed Provision: B3.14. Beginning with those newly eligible for OASDI benefits in 2019, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2023 and later.
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 | 199 |
2025 | 182 | 183 |
2026 | 165 | 166 |
2027 | 148 | 149 |
2028 | 130 | 132 |
2029 | 112 | 115 |
2030 | 94 | 97 |
2031 | 75 | 80 |
2032 | 56 | 61 |
2033 | 37 | 43 |
2034 | 16 | 23 |
2035 | -4 | 4 |
2036 | -26 | -16 |
2037 | -47 | -37 |
2038 | -70 | -58 |
2039 | -92 | -79 |
2040 | -115 | -100 |
2041 | -138 | -122 |
2042 | -161 | -143 |
2043 | -184 | -164 |
2044 | -207 | -186 |
2045 | -230 | -207 |
2046 | -253 | -228 |
2047 | -276 | -249 |
2048 | -300 | -270 |
2049 | -323 | -292 |
2050 | -346 | -313 |
2051 | -370 | -334 |
2052 | -393 | -355 |
2053 | -417 | -376 |
2054 | -440 | -397 |
2055 | -464 | -419 |
2056 | -487 | -440 |
2057 | -511 | -461 |
2058 | -536 | -483 |
2059 | -560 | -506 |
2060 | -585 | -528 |
2061 | -611 | -551 |
2062 | -637 | -575 |
2063 | -663 | -598 |
2064 | -690 | -623 |
2065 | -717 | -647 |
2066 | -745 | -672 |
2067 | -772 | -698 |
2068 | -801 | -723 |
2069 | -829 | -749 |
2070 | -858 | -776 |
2071 | -888 | -803 |
2072 | -918 | -830 |
2073 | -949 | -859 |
2074 | -981 | -888 |
2075 | -1014 | -917 |
2076 | -1047 | -948 |
2077 | -1082 | -980 |
2078 | -1117 | -1012 |
2079 | -1153 | -1045 |
2080 | -1190 | -1078 |
2081 | -1227 | -1112 |
2082 | -1264 | -1145 |
2083 | -1300 | -1179 |
2084 | -1337 | -1212 |
2085 | -1374 | -1246 |
2086 | -1410 | -1279 |
2087 | -1446 | -1312 |
2088 | -1483 | -1346 |
2089 | -1520 | -1379 |
2090 | -1557 | -1413 |
2091 | -1595 | -1448 |
2092 | -1633 | -1483 |
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