Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2021, gradually increase the first PIA bend point in each year so that it is 15 percent higher for those newly eligible in 2035 and later.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 219 |
2022 | 203 | 203 |
2023 | 187 | 187 |
2024 | 171 | 171 |
2025 | 154 | 154 |
2026 | 137 | 137 |
2027 | 119 | 119 |
2028 | 101 | 100 |
2029 | 83 | 82 |
2030 | 64 | 62 |
2031 | 44 | 42 |
2032 | 23 | 21 |
2033 | 2 | -1 |
2034 | -20 | -23 |
2035 | -42 | -46 |
2036 | -65 | -70 |
2037 | -88 | -94 |
2038 | -112 | -118 |
2039 | -136 | -143 |
2040 | -160 | -169 |
2041 | -185 | -194 |
2042 | -210 | -220 |
2043 | -235 | -246 |
2044 | -260 | -273 |
2045 | -285 | -300 |
2046 | -310 | -327 |
2047 | -336 | -354 |
2048 | -362 | -382 |
2049 | -388 | -410 |
2050 | -415 | -438 |
2051 | -442 | -467 |
2052 | -468 | -496 |
2053 | -495 | -525 |
2054 | -523 | -555 |
2055 | -550 | -585 |
2056 | -578 | -615 |
2057 | -606 | -646 |
2058 | -635 | -677 |
2059 | -664 | -709 |
2060 | -694 | -742 |
2061 | -725 | -775 |
2062 | -756 | -809 |
2063 | -787 | -844 |
2064 | -819 | -879 |
2065 | -852 | -915 |
2066 | -885 | -951 |
2067 | -918 | -988 |
2068 | -952 | -1025 |
2069 | -987 | -1063 |
2070 | -1022 | -1101 |
2071 | -1057 | -1141 |
2072 | -1094 | -1181 |
2073 | -1132 | -1223 |
2074 | -1171 | -1265 |
2075 | -1210 | -1309 |
2076 | -1251 | -1353 |
2077 | -1293 | -1399 |
2078 | -1335 | -1445 |
2079 | -1378 | -1492 |
2080 | -1421 | -1539 |
2081 | -1464 | -1587 |
2082 | -1507 | -1634 |
2083 | -1550 | -1681 |
2084 | -1593 | -1729 |
2085 | -1636 | -1776 |
2086 | -1680 | -1824 |
2087 | -1724 | -1872 |
2088 | -1769 | -1921 |
2089 | -1814 | -1971 |
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