Proposed Provision: B3.14. Beginning with those newly eligible for OASDI benefits in 2020, reduce the 15 percent PIA factor by 2 percentage points per year so that it reaches 5 percent for those newly eligible in 2024 and later.
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 | 189 |
2025 | 171 | 172 |
2026 | 154 | 155 |
2027 | 137 | 138 |
2028 | 120 | 122 |
2029 | 104 | 105 |
2030 | 86 | 89 |
2031 | 69 | 72 |
2032 | 51 | 55 |
2033 | 33 | 37 |
2034 | 14 | 19 |
2035 | -5 | 1 |
2036 | -25 | -18 |
2037 | -46 | -37 |
2038 | -67 | -57 |
2039 | -88 | -77 |
2040 | -110 | -97 |
2041 | -132 | -118 |
2042 | -154 | -138 |
2043 | -176 | -159 |
2044 | -199 | -180 |
2045 | -221 | -200 |
2046 | -244 | -221 |
2047 | -267 | -242 |
2048 | -289 | -262 |
2049 | -312 | -283 |
2050 | -335 | -303 |
2051 | -358 | -324 |
2052 | -381 | -345 |
2053 | -403 | -365 |
2054 | -426 | -386 |
2055 | -450 | -406 |
2056 | -473 | -427 |
2057 | -496 | -448 |
2058 | -520 | -469 |
2059 | -544 | -491 |
2060 | -569 | -513 |
2061 | -594 | -535 |
2062 | -619 | -558 |
2063 | -645 | -581 |
2064 | -671 | -605 |
2065 | -698 | -629 |
2066 | -725 | -653 |
2067 | -752 | -678 |
2068 | -780 | -703 |
2069 | -808 | -729 |
2070 | -837 | -755 |
2071 | -866 | -781 |
2072 | -896 | -809 |
2073 | -927 | -836 |
2074 | -958 | -865 |
2075 | -990 | -894 |
2076 | -1023 | -924 |
2077 | -1057 | -955 |
2078 | -1092 | -986 |
2079 | -1128 | -1019 |
2080 | -1165 | -1052 |
2081 | -1202 | -1086 |
2082 | -1240 | -1120 |
2083 | -1278 | -1155 |
2084 | -1316 | -1190 |
2085 | -1354 | -1224 |
2086 | -1392 | -1259 |
2087 | -1430 | -1293 |
2088 | -1468 | -1328 |
2089 | -1505 | -1362 |
2090 | -1543 | -1396 |
2091 | -1580 | -1430 |
2092 | -1618 | -1464 |
2093 | -1655 | -1498 |
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