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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
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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