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
2019273273
2020260260
2021245245
2022229230
2023213215
2024197200
2025180185
2026163171
2027147157
2028130143
2029114130
203097117
203180104
20326391
20334678
20342865
20351052
2036-939
2037-2826
2038-4712
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
back