Proposed Provision: Increase the taxable maximum by an additional 2 percent per year beginning in 2015 until taxable earnings equal 90 percent of covered earnings. Provide benefit credit for earnings up to the revised taxable maximum levels. 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 |
Present Law |
Provision |
| 2013 | 330 | 330 |
| 2014 | 315 | 315 |
| 2015 | 301 | 301 |
| 2016 | 286 | 286 |
| 2017 | 271 | 272 |
| 2018 | 257 | 259 |
| 2019 | 244 | 247 |
| 2020 | 231 | 235 |
| 2021 | 218 | 223 |
| 2022 | 204 | 211 |
| 2023 | 189 | 198 |
| 2024 | 173 | 184 |
| 2025 | 158 | 171 |
| 2026 | 142 | 157 |
| 2027 | 125 | 143 |
| 2028 | 108 | 128 |
| 2029 | 90 | 113 |
| 2030 | 71 | 98 |
| 2031 | 52 | 81 |
| 2032 | 31 | 65 |
| 2033 | 11 | 48 |
| 2034 | -11 | 30 |
| 2035 | -32 | 12 |
| 2036 | -55 | -6 |
| 2037 | -78 | -24 |
| 2038 | -101 | -43 |
| 2039 | -124 | -61 |
| 2040 | -148 | -80 |
| 2041 | -172 | -98 |
| 2042 | -196 | -117 |
| 2043 | -220 | -136 |
| 2044 | -245 | -154 |
| 2045 | -269 | -173 |
| 2046 | -294 | -191 |
| 2047 | -319 | -210 |
| 2048 | -345 | -229 |
| 2049 | -371 | -248 |
| 2050 | -397 | -267 |
| 2051 | -423 | -286 |
| 2052 | -449 | -305 |
| 2053 | -476 | -324 |
| 2054 | -502 | -343 |
| 2055 | -530 | -363 |
| 2056 | -557 | -383 |
| 2057 | -585 | -403 |
| 2058 | -613 | -424 |
| 2059 | -642 | -446 |
| 2060 | -671 | -468 |
| 2061 | -701 | -490 |
| 2062 | -732 | -513 |
| 2063 | -763 | -536 |
| 2064 | -794 | -559 |
| 2065 | -826 | -584 |
| 2066 | -859 | -608 |
| 2067 | -892 | -633 |
| 2068 | -925 | -658 |
| 2069 | -959 | -684 |
| 2070 | -993 | -711 |
| 2071 | -1028 | -738 |
| 2072 | -1064 | -765 |
| 2073 | -1101 | -794 |
| 2074 | -1139 | -823 |
| 2075 | -1178 | -853 |
| 2076 | -1217 | -883 |
| 2077 | -1258 | -915 |
| 2078 | -1299 | -946 |
| 2079 | -1340 | -978 |
| 2080 | -1382 | -1011 |
| 2081 | -1424 | -1043 |
| 2082 | -1466 | -1076 |
| 2083 | -1508 | -1108 |
| 2084 | -1550 | -1141 |
| 2085 | -1592 | -1174 |
| 2086 | -1635 | -1207 |
| 2087 | -1678 | -1241 |
| 2088 | -1722 | -1276 |
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