Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2030 (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 $1,115 in 2023 to $1,417 in 2023. Phase this provision in over 10 years (2030-2039). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2030, 80% of CL formula + 20% of proposal formula for 2031, and so on.
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 | 60 |
| 2032 | 43 | 43 |
| 2033 | 25 | 25 |
| 2034 | 7 | 7 |
| 2035 | -12 | -12 |
| 2036 | -31 | -31 |
| 2037 | -51 | -51 |
| 2038 | -70 | -71 |
| 2039 | -91 | -91 |
| 2040 | -112 | -112 |
| 2041 | -133 | -133 |
| 2042 | -154 | -155 |
| 2043 | -176 | -177 |
| 2044 | -198 | -199 |
| 2045 | -220 | -221 |
| 2046 | -243 | -243 |
| 2047 | -265 | -266 |
| 2048 | -288 | -289 |
| 2049 | -311 | -311 |
| 2050 | -333 | -334 |
| 2051 | -357 | -357 |
| 2052 | -380 | -381 |
| 2053 | -403 | -404 |
| 2054 | -427 | -427 |
| 2055 | -450 | -450 |
| 2056 | -474 | -474 |
| 2057 | -498 | -498 |
| 2058 | -522 | -522 |
| 2059 | -547 | -546 |
| 2060 | -572 | -570 |
| 2061 | -597 | -596 |
| 2062 | -623 | -621 |
| 2063 | -650 | -648 |
| 2064 | -677 | -674 |
| 2065 | -705 | -702 |
| 2066 | -733 | -729 |
| 2067 | -762 | -757 |
| 2068 | -791 | -786 |
| 2069 | -820 | -814 |
| 2070 | -850 | -844 |
| 2071 | -880 | -873 |
| 2072 | -911 | -903 |
| 2073 | -942 | -934 |
| 2074 | -974 | -965 |
| 2075 | -1006 | -996 |
| 2076 | -1039 | -1029 |
| 2077 | -1074 | -1062 |
| 2078 | -1108 | -1096 |
| 2079 | -1144 | -1131 |
| 2080 | -1181 | -1167 |
| 2081 | -1218 | -1204 |
| 2082 | -1256 | -1241 |
| 2083 | -1294 | -1278 |
| 2084 | -1333 | -1316 |
| 2085 | -1373 | -1355 |
| 2086 | -1413 | -1394 |
| 2087 | -1453 | -1433 |
| 2088 | -1494 | -1473 |
| 2089 | -1534 | -1512 |
| 2090 | -1574 | -1551 |
| 2091 | -1613 | -1589 |
| 2092 | -1651 | -1627 |
| 2093 | -1689 | -1664 |
| 2094 | -1726 | -1700 |
| 2095 | -1762 | -1735 |
| 2096 | -1798 | -1770 |
| 2097 | -1833 | -1804 |
| 2098 | -1868 | -1838 |
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