Proposed Provision: B3.13. For retired worker beneficiaries newly eligible in 2028 (excluding disabled workers), add a new bend point at the wage-indexed equivalent of the 50th percentile of the AIME distribution minus $100 (for 2015 eligibility) and change the PIA factors to 95/32/15/5. Also move the current-law first bend point from the wage-indexed equivalent of $996 in 2021 to $1,266 in 2021. Phase this provision in over 10 years (2028-2037). The phase-in would work on a weighted-average basis: 90% of CL formula + 10% of proposal formula for 2028, 80% of CL formula + 20% of proposal formula for 2029, and so on.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 159 |
| 2027 | 141 | 141 |
| 2028 | 122 | 122 |
| 2029 | 104 | 104 |
| 2030 | 85 | 85 |
| 2031 | 66 | 66 |
| 2032 | 46 | 46 |
| 2033 | 27 | 27 |
| 2034 | 7 | 7 |
| 2035 | -13 | -13 |
| 2036 | -33 | -34 |
| 2037 | -54 | -55 |
| 2038 | -76 | -76 |
| 2039 | -97 | -98 |
| 2040 | -119 | -120 |
| 2041 | -142 | -142 |
| 2042 | -165 | -165 |
| 2043 | -188 | -188 |
| 2044 | -211 | -212 |
| 2045 | -235 | -235 |
| 2046 | -258 | -259 |
| 2047 | -282 | -283 |
| 2048 | -306 | -306 |
| 2049 | -330 | -330 |
| 2050 | -354 | -354 |
| 2051 | -378 | -379 |
| 2052 | -403 | -403 |
| 2053 | -427 | -427 |
| 2054 | -452 | -452 |
| 2055 | -477 | -476 |
| 2056 | -502 | -501 |
| 2057 | -527 | -526 |
| 2058 | -552 | -551 |
| 2059 | -578 | -576 |
| 2060 | -604 | -601 |
| 2061 | -630 | -627 |
| 2062 | -657 | -653 |
| 2063 | -684 | -680 |
| 2064 | -712 | -707 |
| 2065 | -740 | -734 |
| 2066 | -768 | -762 |
| 2067 | -796 | -790 |
| 2068 | -825 | -818 |
| 2069 | -855 | -847 |
| 2070 | -884 | -876 |
| 2071 | -914 | -905 |
| 2072 | -945 | -935 |
| 2073 | -976 | -965 |
| 2074 | -1007 | -996 |
| 2075 | -1039 | -1027 |
| 2076 | -1071 | -1059 |
| 2077 | -1105 | -1092 |
| 2078 | -1139 | -1126 |
| 2079 | -1175 | -1161 |
| 2080 | -1211 | -1196 |
| 2081 | -1248 | -1232 |
| 2082 | -1286 | -1269 |
| 2083 | -1324 | -1307 |
| 2084 | -1363 | -1345 |
| 2085 | -1403 | -1384 |
| 2086 | -1443 | -1423 |
| 2087 | -1483 | -1462 |
| 2088 | -1524 | -1502 |
| 2089 | -1564 | -1542 |
| 2090 | -1604 | -1581 |
| 2091 | -1643 | -1619 |
| 2092 | -1681 | -1656 |
| 2093 | -1718 | -1691 |
| 2094 | -1754 | -1727 |
| 2095 | -1789 | -1762 |
| 2096 | -1825 | -1796 |
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