Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2022, create a new bend point at the 50th percentile of the AIME distribution of newly retired workers and gradually reduce all PIA factors except for the 90 percent factor. By 2055: a) the 32 percent PIA factor below the new bend point reduces to 30 percent; b) the 32 percent PIA factor above the new bend point reduces to 10 percent; and c) the 15 percent PIA factor reduces to 5 percent.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157158
2026142142
2027126127
2028110111
20299495
20307778
20316061
20324244
20332326
203447
2035-16-12
2036-36-31
2037-57-51
2038-78-71
2039-100-91
2040-122-112
2041-144-132
2042-166-153
2043-189-174
2044-211-194
2045-234-215
2046-257-236
2047-280-256
2048-303-277
2049-327-297
2050-351-318
2051-375-338
2052-398-359
2053-423-379
2054-447-399
2055-472-419
2056-496-440
2057-522-460
2058-548-481
2059-574-502
2060-601-523
2061-629-544
2062-657-566
2063-685-588
2064-714-609
2065-744-631
2066-774-653
2067-804-676
2068-835-698
2069-867-721
2070-899-743
2071-932-767
2072-965-791
2073-1000-815
2074-1035-840
2075-1072-865
2076-1110-891
2077-1148-918
2078-1188-945
2079-1228-973
2080-1268-1000
2081-1309-1028
2082-1350-1055
2083-1391-1083
2084-1432-1110
2085-1472-1137
2086-1514-1164
2087-1555-1192
2088-1597-1219
2089-1640-1248
2090-1683-1276
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