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 2027-2032). 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
2025169169
2026149149
2027131131
2028113114
202995100
20307886
20316074
20324362
20332651
2034941
2035-930
2036-2719
2037-457
2038-63-5
2039-83-17
2040-102-30
2041-122-43
2042-143-56
2043-164-70
2044-185-84
2045-206-98
2046-228-112
2047-250-127
2048-272-141
2049-295-156
2050-317-171
2051-340-187
2052-363-202
2053-386-218
2054-409-234
2055-433-250
2056-457-267
2057-481-284
2058-505-301
2059-530-319
2060-556-338
2061-582-357
2062-609-376
2063-636-396
2064-664-416
2065-692-437
2066-721-458
2067-750-480
2068-780-502
2069-810-525
2070-840-547
2071-871-571
2072-903-594
2073-935-619
2074-967-643
2075-1000-669
2076-1035-695
2077-1070-722
2078-1106-749
2079-1142-777
2080-1180-806
2081-1219-835
2082-1258-865
2083-1298-896
2084-1338-927
2085-1380-958
2086-1423-991
2087-1466-1023
2088-1510-1056
2089-1554-1090
2090-1599-1123
2091-1643-1156
2092-1687-1189
2093-1731-1222
2094-1774-1254
2095-1816-1285
2096-1858-1317
2097-1900-1348
2098-1941-1379
2099-1982-1409
2100-2022-1439
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