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 |
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 | 80 |
2032 | 63 | 63 |
2033 | 46 | 46 |
2034 | 28 | 28 |
2035 | 10 | 9 |
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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