Proposed Provision: Beginning with those newly eligible for OASDI benefits in 2028, gradually reduce the 15 percent PIA factor in each year so that it reaches 10 percent for those newly eligible in 2057 and later.

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
2025157157
2026142142
2027126126
2028110110
20299494
20307777
20316060
20324242
20332323
203444
2035-16-16
2036-36-36
2037-57-57
2038-78-78
2039-100-100
2040-122-122
2041-144-144
2042-166-166
2043-189-188
2044-211-211
2045-234-233
2046-257-256
2047-280-279
2048-303-303
2049-327-326
2050-351-350
2051-375-373
2052-398-397
2053-423-421
2054-447-445
2055-472-470
2056-496-494
2057-522-519
2058-548-545
2059-574-571
2060-601-598
2061-629-625
2062-657-653
2063-685-681
2064-714-709
2065-744-738
2066-774-768
2067-804-798
2068-835-828
2069-867-859
2070-899-891
2071-932-923
2072-965-956
2073-1000-990
2074-1035-1024
2075-1072-1060
2076-1110-1097
2077-1148-1135
2078-1188-1174
2079-1228-1213
2080-1268-1252
2081-1309-1292
2082-1350-1332
2083-1391-1372
2084-1432-1411
2085-1472-1451
2086-1514-1491
2087-1555-1532
2088-1597-1573
2089-1640-1614
2090-1683-1656
back