Proposed Provision: E3.17. Beginning in 2021, increase the taxable maximum by twice the rate of increase in the national Average Wage Index, but never by less than 3 percent. Provide benefit credit for earnings up to the revised taxable maximum levels.
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 | 230 |
2023 | 213 | 215 |
2024 | 197 | 200 |
2025 | 180 | 185 |
2026 | 163 | 171 |
2027 | 147 | 157 |
2028 | 130 | 143 |
2029 | 114 | 130 |
2030 | 97 | 117 |
2031 | 80 | 104 |
2032 | 63 | 91 |
2033 | 46 | 78 |
2034 | 28 | 65 |
2035 | 10 | 52 |
2036 | -9 | 39 |
2037 | -28 | 26 |
2038 | -47 | 12 |
2039 | -67 | -1 |
2040 | -87 | -15 |
2041 | -108 | -29 |
2042 | -129 | -42 |
2043 | -150 | -56 |
2044 | -171 | -69 |
2045 | -192 | -82 |
2046 | -213 | -95 |
2047 | -234 | -108 |
2048 | -255 | -121 |
2049 | -276 | -133 |
2050 | -297 | -145 |
2051 | -318 | -157 |
2052 | -338 | -169 |
2053 | -359 | -181 |
2054 | -380 | -193 |
2055 | -401 | -205 |
2056 | -422 | -217 |
2057 | -444 | -228 |
2058 | -465 | -240 |
2059 | -487 | -253 |
2060 | -509 | -265 |
2061 | -531 | -278 |
2062 | -554 | -291 |
2063 | -577 | -304 |
2064 | -601 | -318 |
2065 | -625 | -332 |
2066 | -649 | -346 |
2067 | -674 | -361 |
2068 | -699 | -376 |
2069 | -724 | -391 |
2070 | -749 | -406 |
2071 | -776 | -422 |
2072 | -802 | -438 |
2073 | -830 | -455 |
2074 | -857 | -472 |
2075 | -885 | -489 |
2076 | -914 | -507 |
2077 | -944 | -526 |
2078 | -975 | -544 |
2079 | -1007 | -564 |
2080 | -1039 | -584 |
2081 | -1072 | -604 |
2082 | -1106 | -624 |
2083 | -1139 | -645 |
2084 | -1173 | -665 |
2085 | -1207 | -686 |
2086 | -1242 | -706 |
2087 | -1275 | -727 |
2088 | -1309 | -747 |
2089 | -1342 | -767 |
2090 | -1375 | -786 |
2091 | -1407 | -806 |
2092 | -1439 | -825 |
2093 | -1471 | -845 |
2094 | -1503 | -864 |
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