Proposed Provision: E3.7. Increase the taxable maximum by an additional 2 percent per year beginning in 2019 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
2017298298
2018287287
2019273273
2020259259
2021245246
2022230232
2023215218
2024199203
2025182188
2026165172
2027148156
2028130141
2029112125
203094109
20317593
20325677
20333760
20341643
2035-425
2036-268
2037-47-11
2038-70-29
2039-92-47
2040-115-65
2041-138-84
2042-161-102
2043-184-120
2044-207-137
2045-230-155
2046-253-173
2047-276-190
2048-300-207
2049-323-224
2050-346-241
2051-370-258
2052-393-275
2053-417-292
2054-440-308
2055-464-325
2056-487-342
2057-511-359
2058-536-376
2059-560-394
2060-585-412
2061-611-431
2062-637-450
2063-663-469
2064-690-489
2065-717-509
2066-745-530
2067-772-551
2068-801-572
2069-829-593
2070-858-615
2071-888-638
2072-918-661
2073-949-685
2074-981-709
2075-1014-734
2076-1047-760
2077-1082-786
2078-1117-814
2079-1153-841
2080-1190-870
2081-1227-898
2082-1264-926
2083-1300-955
2084-1337-983
2085-1374-1011
2086-1410-1039
2087-1446-1068
2088-1483-1096
2089-1520-1125
2090-1557-1154
2091-1595-1183
2092-1633-1213
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