Proposed Provision: F4. Expand covered earnings to include contributions to voluntary salary reduction plans (such as Cafeteria 125 plans and Flexible Spending Accounts). Starting in 2020, subject these contributions to the OASDI payroll tax, making the payroll tax treatment of these contributions like 401(k) contributions.

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

Year Current Law Provision
2019273273
2020260260
2021245248
2022229235
2023213222
2024197208
2025180194
2026163179
2027147165
2028130151
2029114136
203097122
203180108
20326393
20334678
20342863
20351047
2036-931
2037-2815
2038-47-2
2039-67-19
2040-87-36
2041-108-54
2042-129-72
2043-150-90
2044-171-108
2045-192-126
2046-213-144
2047-234-162
2048-255-180
2049-276-199
2050-297-217
2051-318-235
2052-338-253
2053-359-272
2054-380-290
2055-401-309
2056-422-327
2057-444-346
2058-465-365
2059-487-385
2060-509-405
2061-531-425
2062-554-445
2063-577-466
2064-601-488
2065-625-510
2066-649-532
2067-674-555
2068-699-577
2069-724-601
2070-749-624
2071-776-648
2072-802-673
2073-830-698
2074-857-724
2075-885-750
2076-914-777
2077-944-805
2078-975-833
2079-1007-862
2080-1039-892
2081-1072-922
2082-1106-953
2083-1139-983
2084-1173-1014
2085-1207-1046
2086-1242-1077
2087-1275-1108
2088-1309-1138
2089-1342-1168
2090-1375-1198
2091-1407-1228
2092-1439-1257
2093-1471-1286
2094-1503-1315
back