Proposed Provision: E3.19. Increase the taxable maximum such that 90 percent of earnings would be subject to the payroll tax (phased in linearly from 2028-2033). Provide benefit credit for additional earnings taxed, using a secondary PIA formula. This secondary PIA formula involves: (1) an "AIME+" derived from additional annual earnings taxed over the current-law taxable maximum; and (2) a formula factor of 2.5 percent on this newly computed "AIME+".
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2026 | 151 | 151 |
| 2027 | 131 | 131 |
| 2028 | 111 | 111 |
| 2029 | 92 | 94 |
| 2030 | 74 | 79 |
| 2031 | 57 | 65 |
| 2032 | 40 | 53 |
| 2033 | 23 | 43 |
| 2034 | 7 | 34 |
| 2035 | -9 | 25 |
| 2036 | -25 | 15 |
| 2037 | -41 | 6 |
| 2038 | -58 | -5 |
| 2039 | -76 | -15 |
| 2040 | -94 | -26 |
| 2041 | -112 | -38 |
| 2042 | -132 | -50 |
| 2043 | -151 | -62 |
| 2044 | -171 | -75 |
| 2045 | -192 | -89 |
| 2046 | -213 | -103 |
| 2047 | -234 | -117 |
| 2048 | -256 | -131 |
| 2049 | -279 | -146 |
| 2050 | -301 | -161 |
| 2051 | -324 | -177 |
| 2052 | -347 | -193 |
| 2053 | -371 | -210 |
| 2054 | -395 | -226 |
| 2055 | -420 | -244 |
| 2056 | -445 | -262 |
| 2057 | -470 | -280 |
| 2058 | -496 | -299 |
| 2059 | -522 | -319 |
| 2060 | -550 | -339 |
| 2061 | -578 | -360 |
| 2062 | -607 | -382 |
| 2063 | -636 | -405 |
| 2064 | -666 | -428 |
| 2065 | -697 | -452 |
| 2066 | -729 | -476 |
| 2067 | -761 | -501 |
| 2068 | -794 | -526 |
| 2069 | -827 | -553 |
| 2070 | -861 | -579 |
| 2071 | -896 | -607 |
| 2072 | -931 | -635 |
| 2073 | -967 | -663 |
| 2074 | -1004 | -693 |
| 2075 | -1042 | -723 |
| 2076 | -1081 | -754 |
| 2077 | -1121 | -786 |
| 2078 | -1162 | -819 |
| 2079 | -1204 | -853 |
| 2080 | -1248 | -888 |
| 2081 | -1292 | -924 |
| 2082 | -1337 | -960 |
| 2083 | -1384 | -997 |
| 2084 | -1431 | -1035 |
| 2085 | -1480 | -1074 |
| 2086 | -1530 | -1114 |
| 2087 | -1581 | -1155 |
| 2088 | -1633 | -1197 |
| 2089 | -1686 | -1239 |
| 2090 | -1740 | -1283 |
| 2091 | -1795 | -1326 |
| 2092 | -1850 | -1370 |
| 2093 | -1906 | -1415 |
| 2094 | -1962 | -1459 |
| 2095 | -2019 | -1504 |
| 2096 | -2075 | -1549 |
| 2097 | -2132 | -1595 |
| 2098 | -2189 | -1640 |
| 2099 | -2246 | -1685 |
| 2100 | -2303 | -1730 |
| 2101 | -2359 | -1775 |
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