Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2030, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2063: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 114 | 114 |
2029 | 96 | 96 |
2030 | 78 | 78 |
2031 | 60 | 61 |
2032 | 43 | 43 |
2033 | 25 | 25 |
2034 | 7 | 7 |
2035 | -12 | -12 |
2036 | -31 | -31 |
2037 | -51 | -50 |
2038 | -70 | -70 |
2039 | -91 | -90 |
2040 | -112 | -111 |
2041 | -133 | -132 |
2042 | -154 | -153 |
2043 | -176 | -175 |
2044 | -198 | -196 |
2045 | -220 | -218 |
2046 | -243 | -240 |
2047 | -265 | -262 |
2048 | -288 | -284 |
2049 | -311 | -306 |
2050 | -333 | -328 |
2051 | -357 | -350 |
2052 | -380 | -372 |
2053 | -403 | -395 |
2054 | -427 | -417 |
2055 | -450 | -439 |
2056 | -474 | -461 |
2057 | -498 | -483 |
2058 | -522 | -506 |
2059 | -547 | -528 |
2060 | -572 | -551 |
2061 | -597 | -575 |
2062 | -623 | -598 |
2063 | -650 | -622 |
2064 | -677 | -647 |
2065 | -705 | -671 |
2066 | -733 | -696 |
2067 | -762 | -721 |
2068 | -791 | -746 |
2069 | -820 | -771 |
2070 | -850 | -797 |
2071 | -880 | -822 |
2072 | -911 | -848 |
2073 | -942 | -874 |
2074 | -974 | -900 |
2075 | -1006 | -926 |
2076 | -1039 | -953 |
2077 | -1074 | -980 |
2078 | -1108 | -1007 |
2079 | -1144 | -1036 |
2080 | -1181 | -1064 |
2081 | -1218 | -1093 |
2082 | -1256 | -1122 |
2083 | -1294 | -1151 |
2084 | -1333 | -1180 |
2085 | -1373 | -1209 |
2086 | -1413 | -1239 |
2087 | -1453 | -1268 |
2088 | -1494 | -1297 |
2089 | -1534 | -1326 |
2090 | -1574 | -1354 |
2091 | -1613 | -1381 |
2092 | -1651 | -1407 |
2093 | -1689 | -1432 |
2094 | -1726 | -1457 |
2095 | -1762 | -1481 |
2096 | -1798 | -1504 |
2097 | -1833 | -1527 |
2098 | -1868 | -1549 |
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