Proposed Provision: B3.8. Beginning with those newly eligible for OASDI benefits in 2027, 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 2060: 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 Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325858
20333939
20342021
203512
2036-19-18
2037-38-37
2038-59-57
2039-80-78
2040-101-98
2041-122-119
2042-144-140
2043-166-161
2044-188-183
2045-210-204
2046-232-225
2047-255-246
2048-277-267
2049-299-288
2050-322-309
2051-344-330
2052-367-351
2053-389-371
2054-412-391
2055-434-412
2056-457-432
2057-480-452
2058-504-473
2059-527-493
2060-551-513
2061-575-534
2062-599-554
2063-624-575
2064-650-596
2065-676-617
2066-702-638
2067-728-659
2068-755-680
2069-782-701
2070-809-722
2071-837-744
2072-866-765
2073-895-787
2074-925-809
2075-955-831
2076-986-854
2077-1018-877
2078-1051-900
2079-1084-924
2080-1119-949
2081-1154-974
2082-1190-999
2083-1226-1024
2084-1263-1049
2085-1300-1074
2086-1337-1100
2087-1374-1124
2088-1411-1149
2089-1448-1173
2090-1484-1196
2091-1520-1219
2092-1554-1241
2093-1589-1262
2094-1623-1283
2095-1657-1304
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