Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2025 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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 132 |
| 2028 | 114 | 115 |
| 2029 | 96 | 98 |
| 2030 | 78 | 82 |
| 2031 | 60 | 66 |
| 2032 | 43 | 50 |
| 2033 | 25 | 34 |
| 2034 | 7 | 18 |
| 2035 | -12 | 1 |
| 2036 | -31 | -15 |
| 2037 | -51 | -32 |
| 2038 | -70 | -49 |
| 2039 | -91 | -66 |
| 2040 | -112 | -83 |
| 2041 | -133 | -101 |
| 2042 | -154 | -118 |
| 2043 | -176 | -136 |
| 2044 | -198 | -154 |
| 2045 | -220 | -171 |
| 2046 | -243 | -189 |
| 2047 | -265 | -207 |
| 2048 | -288 | -225 |
| 2049 | -311 | -242 |
| 2050 | -333 | -260 |
| 2051 | -357 | -278 |
| 2052 | -380 | -295 |
| 2053 | -403 | -313 |
| 2054 | -427 | -331 |
| 2055 | -450 | -349 |
| 2056 | -474 | -367 |
| 2057 | -498 | -385 |
| 2058 | -522 | -403 |
| 2059 | -547 | -422 |
| 2060 | -572 | -441 |
| 2061 | -597 | -460 |
| 2062 | -623 | -480 |
| 2063 | -650 | -500 |
| 2064 | -677 | -521 |
| 2065 | -705 | -542 |
| 2066 | -733 | -564 |
| 2067 | -762 | -586 |
| 2068 | -791 | -609 |
| 2069 | -820 | -632 |
| 2070 | -850 | -655 |
| 2071 | -880 | -679 |
| 2072 | -911 | -704 |
| 2073 | -942 | -728 |
| 2074 | -974 | -753 |
| 2075 | -1006 | -779 |
| 2076 | -1039 | -806 |
| 2077 | -1074 | -833 |
| 2078 | -1108 | -861 |
| 2079 | -1144 | -890 |
| 2080 | -1181 | -919 |
| 2081 | -1218 | -949 |
| 2082 | -1256 | -980 |
| 2083 | -1294 | -1011 |
| 2084 | -1333 | -1042 |
| 2085 | -1373 | -1074 |
| 2086 | -1413 | -1106 |
| 2087 | -1453 | -1138 |
| 2088 | -1494 | -1170 |
| 2089 | -1534 | -1202 |
| 2090 | -1574 | -1234 |
| 2091 | -1613 | -1266 |
| 2092 | -1651 | -1296 |
| 2093 | -1689 | -1326 |
| 2094 | -1726 | -1356 |
| 2095 | -1762 | -1385 |
| 2096 | -1798 | -1413 |
| 2097 | -1833 | -1441 |
| 2098 | -1868 | -1469 |
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