Proposed Provision: B3.15. Increase the 90 percent PIA formula factor to 91 percent for beneficiaries newly eligible in 2023, 92 percent for those newly eligible in 2024, ..., reaching 95 percent for those newly eligible in 2027 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 | 188 |
2025 | 171 | 171 |
2026 | 154 | 154 |
2027 | 137 | 137 |
2028 | 120 | 120 |
2029 | 104 | 103 |
2030 | 86 | 85 |
2031 | 69 | 67 |
2032 | 51 | 49 |
2033 | 33 | 30 |
2034 | 14 | 11 |
2035 | -5 | -9 |
2036 | -25 | -30 |
2037 | -46 | -51 |
2038 | -67 | -73 |
2039 | -88 | -95 |
2040 | -110 | -118 |
2041 | -132 | -141 |
2042 | -154 | -164 |
2043 | -176 | -187 |
2044 | -199 | -211 |
2045 | -221 | -235 |
2046 | -244 | -259 |
2047 | -267 | -283 |
2048 | -289 | -307 |
2049 | -312 | -331 |
2050 | -335 | -356 |
2051 | -358 | -380 |
2052 | -381 | -404 |
2053 | -403 | -429 |
2054 | -426 | -454 |
2055 | -450 | -479 |
2056 | -473 | -504 |
2057 | -496 | -529 |
2058 | -520 | -555 |
2059 | -544 | -581 |
2060 | -569 | -607 |
2061 | -594 | -634 |
2062 | -619 | -662 |
2063 | -645 | -690 |
2064 | -671 | -718 |
2065 | -698 | -747 |
2066 | -725 | -776 |
2067 | -752 | -806 |
2068 | -780 | -836 |
2069 | -808 | -866 |
2070 | -837 | -897 |
2071 | -866 | -928 |
2072 | -896 | -961 |
2073 | -927 | -994 |
2074 | -958 | -1027 |
2075 | -990 | -1061 |
2076 | -1023 | -1097 |
2077 | -1057 | -1133 |
2078 | -1092 | -1171 |
2079 | -1128 | -1210 |
2080 | -1165 | -1249 |
2081 | -1202 | -1289 |
2082 | -1240 | -1329 |
2083 | -1278 | -1370 |
2084 | -1316 | -1411 |
2085 | -1354 | -1452 |
2086 | -1392 | -1493 |
2087 | -1430 | -1534 |
2088 | -1468 | -1574 |
2089 | -1505 | -1615 |
2090 | -1543 | -1655 |
2091 | -1580 | -1695 |
2092 | -1618 | -1735 |
2093 | -1655 | -1776 |
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