Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2018 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 Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246247
2021231233
2022216218
2023200203
2024183188
2025165172
2026149157
2027132142
2028115128
202998113
20308198
20316484
20324669
20332754
2034838
2035-1123
2036-307
2037-50-9
2038-71-25
2039-91-42
2040-112-58
2041-133-74
2042-154-91
2043-176-107
2044-197-123
2045-218-139
2046-240-154
2047-262-170
2048-283-186
2049-305-202
2050-327-217
2051-349-233
2052-371-248
2053-393-263
2054-415-279
2055-437-294
2056-460-310
2057-482-326
2058-506-342
2059-529-359
2060-553-376
2061-578-393
2062-603-411
2063-628-430
2064-654-448
2065-680-468
2066-706-487
2067-733-507
2068-760-527
2069-788-548
2070-816-569
2071-845-590
2072-874-613
2073-905-635
2074-935-659
2075-967-683
2076-1000-708
2077-1033-733
2078-1068-759
2079-1102-786
2080-1138-812
2081-1173-839
2082-1208-866
2083-1243-893
2084-1279-920
2085-1314-946
2086-1349-973
2087-1384-1000
2088-1419-1028
2089-1455-1055
2090-1491-1083
2091-1528-1112
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