Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2026 (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 $926 in 2019 to $1,177 in 2019. Phase this provision in over 10 years (2026-2035). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2026, 80% of CL formula + 20% of proposal formula for 2027, and so on.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318080
20326363
20334646
20342828
2035109
2036-9-9
2037-28-28
2038-47-48
2039-67-68
2040-87-88
2041-108-108
2042-129-129
2043-150-150
2044-171-171
2045-192-192
2046-213-213
2047-234-233
2048-255-254
2049-276-275
2050-297-295
2051-318-316
2052-338-336
2053-359-357
2054-380-377
2055-401-398
2056-422-418
2057-444-439
2058-465-460
2059-487-481
2060-509-502
2061-531-524
2062-554-546
2063-577-568
2064-601-591
2065-625-614
2066-649-638
2067-674-661
2068-699-685
2069-724-710
2070-749-735
2071-776-760
2072-802-786
2073-830-812
2074-857-839
2075-885-866
2076-914-894
2077-944-923
2078-975-953
2079-1007-984
2080-1039-1015
2081-1072-1047
2082-1106-1079
2083-1139-1112
2084-1173-1145
2085-1207-1178
2086-1242-1211
2087-1275-1244
2088-1309-1276
2089-1342-1308
2090-1375-1340
2091-1407-1371
2092-1439-1402
2093-1471-1433
2094-1503-1464
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