Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2026, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2059: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 197 |
2025 | 180 | 180 |
2026 | 163 | 163 |
2027 | 147 | 147 |
2028 | 130 | 130 |
2029 | 114 | 114 |
2030 | 97 | 97 |
2031 | 80 | 81 |
2032 | 63 | 64 |
2033 | 46 | 46 |
2034 | 28 | 29 |
2035 | 10 | 11 |
2036 | -9 | -8 |
2037 | -28 | -26 |
2038 | -47 | -45 |
2039 | -67 | -64 |
2040 | -87 | -84 |
2041 | -108 | -104 |
2042 | -129 | -124 |
2043 | -150 | -144 |
2044 | -171 | -164 |
2045 | -192 | -183 |
2046 | -213 | -203 |
2047 | -234 | -222 |
2048 | -255 | -242 |
2049 | -276 | -261 |
2050 | -297 | -280 |
2051 | -318 | -298 |
2052 | -338 | -317 |
2053 | -359 | -335 |
2054 | -380 | -353 |
2055 | -401 | -371 |
2056 | -422 | -389 |
2057 | -444 | -407 |
2058 | -465 | -425 |
2059 | -487 | -442 |
2060 | -509 | -460 |
2061 | -531 | -478 |
2062 | -554 | -496 |
2063 | -577 | -514 |
2064 | -601 | -532 |
2065 | -625 | -550 |
2066 | -649 | -568 |
2067 | -674 | -586 |
2068 | -699 | -604 |
2069 | -724 | -622 |
2070 | -749 | -640 |
2071 | -776 | -659 |
2072 | -802 | -677 |
2073 | -830 | -696 |
2074 | -857 | -715 |
2075 | -885 | -734 |
2076 | -914 | -753 |
2077 | -944 | -773 |
2078 | -975 | -793 |
2079 | -1007 | -814 |
2080 | -1039 | -835 |
2081 | -1072 | -857 |
2082 | -1106 | -878 |
2083 | -1139 | -899 |
2084 | -1173 | -921 |
2085 | -1207 | -942 |
2086 | -1242 | -963 |
2087 | -1275 | -984 |
2088 | -1309 | -1004 |
2089 | -1342 | -1023 |
2090 | -1375 | -1043 |
2091 | -1407 | -1062 |
2092 | -1439 | -1080 |
2093 | -1471 | -1099 |
2094 | -1503 | -1117 |
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