Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2027 (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 $960 in 2020 to $1,220 in 2020. Phase this provision in over 10 years (2027-2036). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2027, 80% of CL formula + 20% of proposal formula for 2028, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 200 |
| 2025 | 183 | 183 |
| 2026 | 165 | 165 |
| 2027 | 148 | 148 |
| 2028 | 130 | 130 |
| 2029 | 112 | 112 |
| 2030 | 94 | 94 |
| 2031 | 76 | 76 |
| 2032 | 58 | 57 |
| 2033 | 39 | 39 |
| 2034 | 20 | 20 |
| 2035 | 1 | 1 |
| 2036 | -19 | -19 |
| 2037 | -38 | -39 |
| 2038 | -59 | -59 |
| 2039 | -80 | -80 |
| 2040 | -101 | -101 |
| 2041 | -122 | -123 |
| 2042 | -144 | -144 |
| 2043 | -166 | -166 |
| 2044 | -188 | -188 |
| 2045 | -210 | -210 |
| 2046 | -232 | -233 |
| 2047 | -255 | -255 |
| 2048 | -277 | -277 |
| 2049 | -299 | -299 |
| 2050 | -322 | -321 |
| 2051 | -344 | -344 |
| 2052 | -367 | -366 |
| 2053 | -389 | -388 |
| 2054 | -412 | -410 |
| 2055 | -434 | -432 |
| 2056 | -457 | -455 |
| 2057 | -480 | -477 |
| 2058 | -504 | -500 |
| 2059 | -527 | -523 |
| 2060 | -551 | -546 |
| 2061 | -575 | -570 |
| 2062 | -599 | -594 |
| 2063 | -624 | -618 |
| 2064 | -650 | -643 |
| 2065 | -676 | -668 |
| 2066 | -702 | -693 |
| 2067 | -728 | -719 |
| 2068 | -755 | -745 |
| 2069 | -782 | -771 |
| 2070 | -809 | -798 |
| 2071 | -837 | -825 |
| 2072 | -866 | -853 |
| 2073 | -895 | -881 |
| 2074 | -925 | -910 |
| 2075 | -955 | -940 |
| 2076 | -986 | -970 |
| 2077 | -1018 | -1001 |
| 2078 | -1051 | -1033 |
| 2079 | -1084 | -1066 |
| 2080 | -1119 | -1099 |
| 2081 | -1154 | -1134 |
| 2082 | -1190 | -1168 |
| 2083 | -1226 | -1204 |
| 2084 | -1263 | -1239 |
| 2085 | -1300 | -1275 |
| 2086 | -1337 | -1312 |
| 2087 | -1374 | -1348 |
| 2088 | -1411 | -1384 |
| 2089 | -1448 | -1420 |
| 2090 | -1484 | -1455 |
| 2091 | -1520 | -1489 |
| 2092 | -1554 | -1523 |
| 2093 | -1589 | -1557 |
| 2094 | -1623 | -1590 |
| 2095 | -1657 | -1622 |
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