Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2025 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $895 in 2018 to $1,138 in 2018. Phase this provision in over 10 years (2025-2034). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2025, 80% of CL formula + 20% of proposal formula for 2026, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 223 |
| 2023 | 206 | 206 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 154 | 154 |
| 2027 | 137 | 137 |
| 2028 | 120 | 120 |
| 2029 | 104 | 103 |
| 2030 | 86 | 86 |
| 2031 | 69 | 69 |
| 2032 | 51 | 51 |
| 2033 | 33 | 33 |
| 2034 | 14 | 14 |
| 2035 | -5 | -6 |
| 2036 | -25 | -26 |
| 2037 | -46 | -46 |
| 2038 | -67 | -67 |
| 2039 | -88 | -89 |
| 2040 | -110 | -110 |
| 2041 | -132 | -132 |
| 2042 | -154 | -155 |
| 2043 | -176 | -177 |
| 2044 | -199 | -199 |
| 2045 | -221 | -222 |
| 2046 | -244 | -244 |
| 2047 | -267 | -266 |
| 2048 | -289 | -289 |
| 2049 | -312 | -311 |
| 2050 | -335 | -334 |
| 2051 | -358 | -356 |
| 2052 | -381 | -379 |
| 2053 | -403 | -401 |
| 2054 | -426 | -424 |
| 2055 | -450 | -446 |
| 2056 | -473 | -469 |
| 2057 | -496 | -492 |
| 2058 | -520 | -515 |
| 2059 | -544 | -538 |
| 2060 | -569 | -562 |
| 2061 | -594 | -587 |
| 2062 | -619 | -611 |
| 2063 | -645 | -636 |
| 2064 | -671 | -662 |
| 2065 | -698 | -688 |
| 2066 | -725 | -714 |
| 2067 | -752 | -741 |
| 2068 | -780 | -768 |
| 2069 | -808 | -795 |
| 2070 | -837 | -823 |
| 2071 | -866 | -852 |
| 2072 | -896 | -881 |
| 2073 | -927 | -911 |
| 2074 | -958 | -941 |
| 2075 | -990 | -972 |
| 2076 | -1023 | -1005 |
| 2077 | -1057 | -1038 |
| 2078 | -1092 | -1072 |
| 2079 | -1128 | -1107 |
| 2080 | -1165 | -1143 |
| 2081 | -1202 | -1179 |
| 2082 | -1240 | -1216 |
| 2083 | -1278 | -1253 |
| 2084 | -1316 | -1290 |
| 2085 | -1354 | -1327 |
| 2086 | -1392 | -1364 |
| 2087 | -1430 | -1401 |
| 2088 | -1468 | -1438 |
| 2089 | -1505 | -1474 |
| 2090 | -1543 | -1511 |
| 2091 | -1580 | -1547 |
| 2092 | -1618 | -1584 |
| 2093 | -1655 | -1620 |
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