Proposed Provision: E3.17. Beginning in 2022, 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 |
| 2020 | 261 | 261 |
| 2021 | 248 | 248 |
| 2022 | 233 | 233 |
| 2023 | 217 | 217 |
| 2024 | 200 | 201 |
| 2025 | 183 | 186 |
| 2026 | 165 | 170 |
| 2027 | 148 | 154 |
| 2028 | 130 | 139 |
| 2029 | 112 | 124 |
| 2030 | 94 | 108 |
| 2031 | 76 | 94 |
| 2032 | 58 | 79 |
| 2033 | 39 | 64 |
| 2034 | 20 | 50 |
| 2035 | 1 | 35 |
| 2036 | -19 | 20 |
| 2037 | -38 | 5 |
| 2038 | -59 | -10 |
| 2039 | -80 | -25 |
| 2040 | -101 | -40 |
| 2041 | -122 | -55 |
| 2042 | -144 | -70 |
| 2043 | -166 | -86 |
| 2044 | -188 | -101 |
| 2045 | -210 | -116 |
| 2046 | -232 | -131 |
| 2047 | -255 | -146 |
| 2048 | -277 | -161 |
| 2049 | -299 | -176 |
| 2050 | -322 | -190 |
| 2051 | -344 | -205 |
| 2052 | -367 | -219 |
| 2053 | -389 | -233 |
| 2054 | -412 | -248 |
| 2055 | -434 | -262 |
| 2056 | -457 | -277 |
| 2057 | -480 | -291 |
| 2058 | -504 | -306 |
| 2059 | -527 | -321 |
| 2060 | -551 | -336 |
| 2061 | -575 | -351 |
| 2062 | -599 | -367 |
| 2063 | -624 | -383 |
| 2064 | -650 | -399 |
| 2065 | -676 | -416 |
| 2066 | -702 | -433 |
| 2067 | -728 | -450 |
| 2068 | -755 | -468 |
| 2069 | -782 | -486 |
| 2070 | -809 | -504 |
| 2071 | -837 | -523 |
| 2072 | -866 | -542 |
| 2073 | -895 | -561 |
| 2074 | -925 | -581 |
| 2075 | -955 | -601 |
| 2076 | -986 | -622 |
| 2077 | -1018 | -644 |
| 2078 | -1051 | -666 |
| 2079 | -1084 | -688 |
| 2080 | -1119 | -712 |
| 2081 | -1154 | -735 |
| 2082 | -1190 | -759 |
| 2083 | -1226 | -783 |
| 2084 | -1263 | -807 |
| 2085 | -1300 | -832 |
| 2086 | -1337 | -857 |
| 2087 | -1374 | -881 |
| 2088 | -1411 | -905 |
| 2089 | -1448 | -929 |
| 2090 | -1484 | -953 |
| 2091 | -1520 | -976 |
| 2092 | -1554 | -999 |
| 2093 | -1589 | -1021 |
| 2094 | -1623 | -1043 |
| 2095 | -1657 | -1065 |
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