Proposed Provision: E3.17. Beginning in 2025, 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 |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 150 |
2027 | 131 | 133 |
2028 | 114 | 117 |
2029 | 96 | 101 |
2030 | 78 | 85 |
2031 | 60 | 70 |
2032 | 43 | 55 |
2033 | 25 | 41 |
2034 | 7 | 26 |
2035 | -12 | 12 |
2036 | -31 | -3 |
2037 | -51 | -18 |
2038 | -70 | -33 |
2039 | -91 | -48 |
2040 | -112 | -63 |
2041 | -133 | -78 |
2042 | -154 | -94 |
2043 | -176 | -109 |
2044 | -198 | -124 |
2045 | -220 | -140 |
2046 | -243 | -155 |
2047 | -265 | -170 |
2048 | -288 | -185 |
2049 | -311 | -200 |
2050 | -333 | -216 |
2051 | -357 | -231 |
2052 | -380 | -246 |
2053 | -403 | -261 |
2054 | -427 | -276 |
2055 | -450 | -292 |
2056 | -474 | -307 |
2057 | -498 | -323 |
2058 | -522 | -339 |
2059 | -547 | -355 |
2060 | -572 | -372 |
2061 | -597 | -389 |
2062 | -623 | -406 |
2063 | -650 | -424 |
2064 | -677 | -442 |
2065 | -705 | -461 |
2066 | -733 | -480 |
2067 | -762 | -499 |
2068 | -791 | -519 |
2069 | -820 | -539 |
2070 | -850 | -559 |
2071 | -880 | -580 |
2072 | -911 | -601 |
2073 | -942 | -622 |
2074 | -974 | -644 |
2075 | -1006 | -666 |
2076 | -1039 | -689 |
2077 | -1074 | -713 |
2078 | -1108 | -737 |
2079 | -1144 | -761 |
2080 | -1181 | -787 |
2081 | -1218 | -812 |
2082 | -1256 | -838 |
2083 | -1294 | -865 |
2084 | -1333 | -891 |
2085 | -1373 | -918 |
2086 | -1413 | -945 |
2087 | -1453 | -972 |
2088 | -1494 | -1000 |
2089 | -1534 | -1027 |
2090 | -1574 | -1053 |
2091 | -1613 | -1079 |
2092 | -1651 | -1105 |
2093 | -1689 | -1130 |
2094 | -1726 | -1154 |
2095 | -1762 | -1178 |
2096 | -1798 | -1201 |
2097 | -1833 | -1225 |
2098 | -1868 | -1247 |
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