Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2027 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum. Create a new bend point equal to the current-law taxable maximum with a 5 percent formula factor applying above the new bend point.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 113 | 113 |
2029 | 95 | 96 |
2030 | 78 | 80 |
2031 | 60 | 63 |
2032 | 43 | 47 |
2033 | 26 | 31 |
2034 | 9 | 16 |
2035 | -9 | 0 |
2036 | -27 | -15 |
2037 | -45 | -31 |
2038 | -63 | -47 |
2039 | -83 | -63 |
2040 | -102 | -80 |
2041 | -122 | -97 |
2042 | -143 | -113 |
2043 | -164 | -131 |
2044 | -185 | -148 |
2045 | -206 | -165 |
2046 | -228 | -182 |
2047 | -250 | -200 |
2048 | -272 | -217 |
2049 | -295 | -235 |
2050 | -317 | -252 |
2051 | -340 | -270 |
2052 | -363 | -287 |
2053 | -386 | -305 |
2054 | -409 | -323 |
2055 | -433 | -341 |
2056 | -457 | -359 |
2057 | -481 | -377 |
2058 | -505 | -396 |
2059 | -530 | -415 |
2060 | -556 | -434 |
2061 | -582 | -454 |
2062 | -609 | -475 |
2063 | -636 | -495 |
2064 | -664 | -517 |
2065 | -692 | -538 |
2066 | -721 | -560 |
2067 | -750 | -583 |
2068 | -780 | -606 |
2069 | -810 | -629 |
2070 | -840 | -653 |
2071 | -871 | -677 |
2072 | -903 | -702 |
2073 | -935 | -727 |
2074 | -967 | -753 |
2075 | -1000 | -779 |
2076 | -1035 | -806 |
2077 | -1070 | -835 |
2078 | -1106 | -863 |
2079 | -1142 | -893 |
2080 | -1180 | -923 |
2081 | -1219 | -954 |
2082 | -1258 | -986 |
2083 | -1298 | -1018 |
2084 | -1338 | -1050 |
2085 | -1380 | -1084 |
2086 | -1423 | -1118 |
2087 | -1466 | -1153 |
2088 | -1510 | -1188 |
2089 | -1554 | -1224 |
2090 | -1599 | -1259 |
2091 | -1643 | -1295 |
2092 | -1687 | -1330 |
2093 | -1731 | -1365 |
2094 | -1774 | -1399 |
2095 | -1816 | -1433 |
2096 | -1858 | -1466 |
2097 | -1900 | -1499 |
2098 | -1941 | -1532 |
2099 | -1982 | -1565 |
2100 | -2022 | -1597 |
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