Proposed Provision: Reduce the upper 15-percent PIA formula factor to 10 percent over a 30-year period from 2023 through 2052. Affects OASI and DI benefit computations.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309309
2020299299
2021289289
2022277277
2023264264
2024251251
2025237237
2026221221
2027205205
2028189189
2029171172
2030154154
2031136136
2032117117
20339898
20347979
20355960
20363940
20371920
2038-10
2039-21-20
2040-42-41
2041-63-61
2042-84-82
2043-105-103
2044-126-123
2045-147-144
2046-168-165
2047-189-186
2048-211-207
2049-233-229
2050-255-250
2051-277-272
2052-299-294
2053-321-316
2054-344-338
2055-366-360
2056-389-382
2057-412-405
2058-436-428
2059-460-452
2060-485-475
2061-509-500
2062-534-524
2063-560-549
2064-586-574
2065-612-599
2066-638-625
2067-665-651
2068-692-677
2069-720-704
2070-748-731
2071-776-759
2072-805-786
2073-834-815
2074-864-843
2075-894-873
2076-925-903
2077-957-933
2078-989-964
2079-1021-995
2080-1054-1027
2081-1087-1059
2082-1121-1092
2083-1156-1126
2084-1191-1160
2085-1227-1194
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